Euromoney Middle East Awards for Excellence 2019 winners revealed
For the first time in a decade, Arab Bank was named the Middle East’s best bank in the Euromoney Awards…
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Invest Abu Dhabi launches new AM firm with MENA focus
AD Investment Management, part of Invest Abu Dhabi, has established a new office in the Abu Dhabi Global Market, the…
Oman's Ominvest unit acquires stake in EastBridge to expand in SE Asia
Ominvest’s fully-owned subsidiary Jabreen Capital has entered into an agreement with EastBridge Partners Singapore to expand its private equity footprint…
Saudi extends gains while most Gulf markets drop
Saudi Arabia’s stock market rose on Wednesday, lifted by Advanced Petrochemical, while political concerns continued to weigh on most other…
Kuwait Wins MSCI Upgrade to Emerging Market Starting in 2020
MSCI Inc. will add Kuwait to its main index tracking stocks in emerging markets next year, once some trading mechanisms…
UAE VAT collections at $7.4 billion in 2018
The United Arab Emirates (UAE, Aa2 stable) released data revealing that value-added tax (VAT) collections were far higher than…
ADFG and SHUAA Agree Transformational Transaction, Creating a Regional Financial Services Powerhouse
Abu Dhabi Financial Group and SHUAA Capital PJSC have announced that they have agreed terms to combine the two businesses…
Middle East bucks poor growth figures for global personal wealth
Global growth in personal wealth hit a wall last year according to Boston Consulting Group’s most recent analysis, with the…
Etisalat, Noor Bank launch eWallet in UAE
Etisalat and Noor Bank have partnered to launch eWallet, a new digital payment service aimed at empowering UAE customers with…
Sharjah Islamic Bank Issues Lowest Ever Additional Tier 1 USD Issue in GCC
Sharjah Islamic Bank, leading islamic bank in the UAE has priced its debut Additional Tier 1 (AT1) Sukuk by raising…
UAE-based RAKBANK repays $800mln bond
The National Bank of Ras Al Khaimah, RAKBANK, has announced the repayment of the outstanding nominal amount of US$681.67 million…
Qatar shares extend losing streak amid weakened buying interests
The Qatar Stock Exchange extended its bearish run to the third straight session to fall below the 10,500 level despite…