New General Manager Fairmont Ajman
Fairmont Ajman has announced the appointment of Kosta Kourotsidis, General Manager for the 252-key luxury beachfront resort. Prior to…
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Backbase opens office in Dubai
Amsterdam-based software provider, Backbase has increased its global presence by opening an office in Dubai, which will be run by…
Dubai rolls out virtual business licences for global investors
Dubai rolled out on Monday virtual commercial licences that allow investors from across the globe to establish commercial operations without…
Why the Chinese are flocking to Dubai to buy houses
Attractive payment plans, along with high returns despite falling housing rents, have led to a tremendous surge in Chinese demand…
Turkey’s wealth fund borrows to rescue companies
Turkey’s sovereign wealth fund has remained largely inactive in the three years since its creation, though it was launched with…
Saudi Aramco approaches Asian state oil producers ahead of IPO
Saudi Aramco has approached Asian state oil producers such as Malaysia’s Petroliam Nasional (Petronas) and China’s Sinopec Group about potential…
ESG investing on the rise: two thirds of Middle East sovereign wealth funds now have a top down ESG policy
* ESG investing expands beyond equities into real estate, infrastructure and private equity asset classes * “E” environmental initiatives becoming…
11% rise in foreign investment in Qatar
Qatar’s foreign investments stood at 758.6 billion riyals ($209.6 billion) at the end of the second quarter of 2019, a…
British digital-only bank Revolut to expand to 24 new
Revolut, the London-headquartered digital-only bank has today announced its plans to expand to 24 new markets including Saudi Arabia, thanks…
BlackRock overhauls EMEA business
BlackRock has made a number of changes to its Europe, Middle East and Africa (EMEA) business that will see its…
Dubai home prices are at ‘fair value’
Though property values are yet to touch bottom, it’s still a good time to pick them at a “fair value”.…
NBK Awarded ‘Best Corporate for Investor Relations’ and ‘Best Investor Relations Professional” in Kuwait for 2019
The National Bank of Kuwait (NBK) was awarded “Best Corporate for Investor Relations” in Kuwait for 2019 by the Middle…