10/17/2016
British expats in UAE ready to cash in on weak pound again as remittances surge
British expats are cashing in on the favourable exchange rate
Alternative Investments
10/17/2016
Dubai lender Emirates NBD posts flat Q3 net profit
Dubai's net profit dropped 1 per cent, signaling the fallout from a growth slowdown in it's economy
10/17/2016
National Bank of Kuwait Q3 net profit rises 6.4 pct
Banks in Kuwait and the rest of the Gulf are facing stronger headwinds as lower oil prices trim deposit growth and push up problem loans
10/17/2016
Global signs agreement with Allfunds Bank
This is the first agreement with a Kuwaiti entity and is in line with our strategy to work alongside leading financial institutions in the region.
10/17/2016
Union National Bank 3Q Profit Drops 15% as Interest Income Falls
3Q net 410m dirhams vs 483m yr earlier
10/14/2016
ICD buys Capitas Group
In conjunction with the launch of the new brand, the tag line ‘Energizing Enterprise’ has been chosen to better reflect the current and future direction of the company.
10/14/2016
UAE consumers 'keen to buy property'
Half of Dubai’s tenants are looking to buy their own residence in the future
10/14/2016
GCC sovereigns raise $87bn in bonds, sukuk since Jan 2015: Samba
The largest international issuance so far is the 9bn offering from Qatar in laate May.
10/13/2016
UAE to set up Emirates Trade Bank
The bank will specialize in international trade and commodity financing
10/12/2016
Dubai business activity picks up pace in the third quarter on tourism growth
Output and new order growth remains strong although company margins remain under pressure as firms reduced prices to secure new work.
10/12/2016
Mirabaud Middle East and Menacorp sign agreement
This partnership will provide Mirabaud’s wealth management clients with a trading platform that provides access to MENA opportunities
10/12/2016
Microcapital Brief: Sanad Fund for MSME Announces $10m Loan to Egyptian AlexBank
As a component of the Egyptian banking sector, we are pleased to be able to increase our outreach and enhance the access to credit for this vibrant segment.
10/12/2016
Bonds, Saudi Investment Opportunities to Attract Capital
The report also included a detailed analysis of the British real-estate market and its performance.
10/12/2016
Saudi Wealth Fund to Cut Back on Lending in Transformation Plan
Saudi Arabia’s government plans to sell less than 5 percent of the shares in national oil company Saudi Aramco to the public and transfer ownership of the rest of the company to the PIF.
10/11/2016
NBK the only Arab bank among world’s best forex providers – The Best in Kuwait and Middle East by Global Finance
NBK is the only Arab bank enlisted among the World’s Best Foreign Exchange Provider
10/11/2016
Ahli United Bank Kuwait plans capital-boosting Islamic bond issue -leads
The funds would be raised to enhance the Kuwaiti bank's Tier 1 core capital.
10/11/2016
Kuwait postpones $10 billion bond issue until 2017
The government has still not sent banks a request for proposals to arrange the issue.
10/11/2016
Qatar’s Masraf Al Rayan, Doha Bank to launch ETFs by year-end
The launch of ETFs — portfolios of stocks that track an index — could boost a market that has been pressured in recent months by low natural gas prices
10/10/2016
Banif Bank could be just the beginning – Al Faisal managing director
This investment consists of the acquisition of Portuguese shares in the Malta branch
10/10/2016
Diyar Al Muharraq signs agreement with Al Salam Bank-Bahrain
Our efforts are focused on ensuring that the works are within the given timeframe