Middle East’s $2 Trillion Wealth Could Be Gone by 2034, IMF Says
The Arab monarchies of the Persian Gulf face a budget reckoning and risk squandering their $2 trillion in financial wealth…
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Savers in UAE ‘can expect $864,000 retirement wealth’
The average wealth expectancy of those in the UAE with enough disposable income to save and invest is $864,000, or…
UAE's largest bank said to cut hundreds of jobs
First Abu Dhabi Bank has cut hundreds of jobs, according to people with knowledge of the matter, making it the…
A Wave Of M&A Megadeals In MENA
From Dubai to Riyadh to Kuwait City, consolidation is the talk of the town. In the first nine months…
Jones Day appoints Middle East head
Jones Day has appointed international disputes and investigations specialist Sheila Shadmand as partner-in-charge of the its Middle East Region. …
Three Bahraini and 23 Emirati women in Forbes Mideast power list
Three Bahraini women are featured in the Forbes annual Power Businesswomen in the Middle East list. In the 2020…
Saudi Stock Exchange appoints chairperson for new term
Saudi Stock Exchange (Tadawul) has announced its board resolution appointing Sarah Al Suhaimi as the chairperson for the board of…
More job cuts at UAE firms amid slow business environment: IHS Markit
Job opportunities in the UAE dwindled significantly in the beginning of the year, as companies shed jobs and business conditions…
United Arab Emirates Courts Convict Fraudsters; Warn Banks and Telecoms Providers
The onshore and offshore courts of the United Arab Emirates —that is to say, the courts in “mainland” UAE and…
OAB Signs Agreement with Majan Lounge
Oman Arab Bank recently signed an agreement with Majan Lounge at the Muscat International Airport. The agreement will see…
NBO’s Al Kanz Mega Draw Rounds off 2019 With Over 700,000 Rials in Cash Prizes
National Bank of Oman ended the year by giving away more than OMR 700,000 Omani Rials as part of its…
Ahli Bank registers net profit growth of 7.7% in 2019
Ahli Bank has announced its unaudited financial results for the year ended 31 December 2019. The bank’s net profit increased…