Dubai Investments reports 42% drop in half yearly profits
Dubai Investments has investments in diversified sectors and markets across the globe, including real estate, industrial, finance, healthcare and education,…
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Dubai Financial Services Authority alerts institutions to increased risk of cyberattacks
Since the Dubai Financial Services Authority (DFSA) launched the DFSA Cyber Threat Intelligence Platform (TIP) in January, over 130 DFSA…
Gulf economies have a head start
Despite global doom and gloom over Covid-19, green shoots are discernible in the desert. The region is treading a delicate…
Policymakers still Needed
Policymakers are likely to remain heavily engaged in support of their economies Stuttering of global growth encourages additional support US…
Abu Dhabi’s ADCB to lay off 400 employees, sources say
Abu Dhabi Commercial Bank is letting go hundreds of employees, sources said, the latest in a round of lay-offs by…
JPMorgan Sees Virus Fallout Stoking Middle East Deals Into 2021
The financial fallout from the coronavirus pandemic will keep fueling debt issuance from the Middle East into 2021, while also…
DMCC cuts business set-up fees by 50% for diamond companies
The Dubai Multi Commodities Centre announced slashing its business set-up fees for all diamond-connected companies by 50%. The reduction…
UAE gold jewellery demand drops in Q2
Gold jewellery demand in the UAE slumped 86 per cent in the second quarter to just 1.3 tonnes compared to…
Dubai developers keen to deliver projects ahead of Expo
Dubai's real estate is expected to gain momentum in coming months, with economic activities having resumed and developers racing against…
Saudi banks exceed maximum loan-to-deposit ratio in Q2-20
Deposits held by banks operating in Saudi Arabia grew by SAR 151.53 billion or 8.9% year-on-year (YoY) to SAR 1.843…
Islamic finance seen as driver for FDI inflow to Philippines, say govt officials
The Philippines is looking at Islamic finance as a platform to attract and encourage partners in the Middle East, such…
Challenging times for wealth management
Investors worldwide have been looking for jurisdictions that can offer expertise and stability without regulatory, legal or economic surprises. …