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…
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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. …
Gold/Silver: the early stages of a long-term bull market
Key points : While gold investors have already benefitted from a shift to a negative real (inflation adjusted) interest rate…
The 10 richest people in the Middle East, ranked
The Middle East is a region known for its oil-derived wealth. Some of the region's richest people are familiar…
Kuwait: NBK’s AGM was held with a 77.86% quorum and approved all BOD’s proposals
National Bank of Kuwait held today (Saturday, 7 March 2020), its 2019 Annual General Meeting and Extraordinary General Meeting (EGM),…
Saudi firms struggle to maintain investor relations
The Covid-19 crisis is roiling the world’s financial markets. Some investors are turning bearish, sceptical about the chances of a…
Covid-19 tops UAE investor concerns
Wealthy investors in the UAE are displaying a rising optimism about the region’s economic outlook, but their chief concern remains…
Newcastle owner Mike Ashley banks £17m from takeover saga despite Saudi’s proposed £300m deal collapsing
Mike Ashley is set to pocket £17m despite the £300million Saudi Arabian takeover of Newcastle United falling through. The…