Saudi contractor MMG says board approves recovery plan
Saudi contractor Mohammad Al-Mojil Group's board had approved a recovery plan that use most of its existing capital base to pay off debts and new cash raised through a share issue, it said on Sunday.
Dubai jumps after global markets rebound; Arabtec surges
Dubai stock index jumped in opening minutes on Sunday after global markets rebounded on Friday and shares in builder Arabtec Holding surged as it moved closer towards starting work on a huge project in Egypt.
NCB 'committed to Shariah principles'
More than two-thirds of the National Commercial Bank's (NCB) business is already Shariah-compliant, and it plans to become a completely Islamic bank "within a reasonable time.