Emaar Malls Group Q3 net profit rises 55%
Dubai's Emaar Malls Group, a unit of Emaar Properties that listed on the emirate's main stock market in October, reported a 55.2% rise in third-quarter net profit on Thursday.
Kuwait emir says oil price fall shows need to diversify economy
- Kuwait's emir said on Tuesday a fall in oil prices cast a shadow over the OPEC member state's economy, showing the need to diversify sources of income that rely heavily on petroleum.
IMF urges GCC to use surpluses to protect fiscal strength
The International Monetary Fund said Middle East oil exporters are expected to face weakening fiscal positions due to decline in oil prices and the Gulf countries should be careful in spending their surpluses.