04/27/2015
Citibank this month lost a key decision in its defense of a lawsuit in Abu Dhabi accusing the bank of self-dealing, defrauding investors, and attempting to cover-up investor losses
04/27/2015
Family businesses generate more than 80 per cent of the non-oil gross domestic product in the Gulf, according to accountancy firm PwC, a sector of the economy each nation is trying to bolster, especially in the lower oil price environment.
04/23/2015
Mashreq Qatar, a financial institution having presence across the region, recently signed a discount deal with Gulf Air, Bahrain’s National Carrier.
04/23/2015
Key upgrades to securities trading frameworks will improve market integrity, fairness, transparency and better safeguard the interests of investors, it has emerged
04/22/2015
Decree issued by Shaikh Mohammed exempts businesses, whose licence expired before 2012, from the imposed fines if they apply for licence cancellation.
04/22/2015
Ahmad Hamad Algosaibi & Brothers Co. reached a deal with leading creditors to settle $5.9 billion of debt, taking the Saudi Arabian company closer to resolving a six-year impasse after the biggest default in the Middle East.
04/22/2015
The Al Gosaibi family of Saudi Arabia has offered a peace deal to Maan Al Sanea, their bitter enemy for the past six years, if negotiations can be entered to end the Middle East’s longest running corporate “frozen conflict”.
04/22/2015
One of the most popular destinations for working expatriates is the United Arab Emirates (UAE), especially Dubai, and it is estimated that in excess of 100,000 UK nationals live in the UAE.
04/21/2015
The payments were made late last month, said the people, asking not to be identified because the information isn’t public