Expat in the UAE? Ask yourself these financial questions
The appeal of a high standard of living, low taxation, high salaries - and, of course, the sunshine - have…
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Abu Dhabi’s Mubadala throws support behind cryptocurrencies
Amid what it described as “challenging market conditions,” Abu Dhabi sovereign wealth fund Mubadala Investment Capital has just thrown its…
Five Saudi companies post $3.11bln profit in Q2-19
A handful of Tadawul-listed companies have recorded over a billion riyals in profits during the second quarter of 2019. …
Qatar- Banking sector to benefit from surplus fiscal balance, higher outlay on major projects: QCB
Qatar's surplus fiscal balance and increasing government expenditure on major projects may boost public and private sector investment and credit…
UAE shuts down 115 websites, social media accounts
Fraudsters, illegal online sellers and promoters better watch out. Abu Dhabi's Department of Economic Development just shut down 115 websites…
SAIB swings to losses in Q2
Saudi Investment Bank (SAIB) disclosed its interim financial results for the second quarter of 2019. The bank swung to…
Egypt’s banks to pay back dues of Suez Canal certificates in September
Investor experts said that Egyptian banks will pay back on September 4 the dues of Suez Canal certificates amounting LE64…
GFH posts $49mln first half net profit
GFH Financial Group (GFH) today said its net profit attributable to shareholders for the first half of 2019 was $49.1…
Saudi Prince’s Rise to Power Turns Him Into a Billionaire Boss
It was an unprecedented move against once-inviolable power figures in the kingdom, framed as a crackdown on corruption. To…
Important Israeli court ruling on the taxation of trusts
The Tel Aviv District Court has rejected the Israel Tax Authority's position that the transfer of real property into an…
UAE is not a mature PE market but technology might help managers’ fundraising efforts
Technology tools combined with traditional roadshows are enabling managers to connect with new investors, be it for primary or secondary…
Abraaj founder sentenced to prison in absentia by UAE court
Arif Naqvi, the founder of defunct Dubai-based private equity firm Abraaj Group, has been sentenced in absentia to three years…