Carlyle Group to acquire up to 40% stake in Cepsa from Mubadala
The U.S. buyout company Carlyle Group LP has reportedly agreed to purchase up to 40% stake in Spanish oil and…
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Aristo to market residential resort in Egyptian market with €100m in investments
Cyprus’s real estate company, Aristo Developers, said that the company’s total volume of investments amounted to about EGP 10bn, which…
Technology to drive UAE’s economic growth — minister
Technology would be a major catalyst that would drive the economic growth in the UAE, Dr Abdullah Mohammad Bel Haif…
Double taxation agreement between the UAE and Saudi Arabia comes into effect
It provides a more flexible investment climate that underscores the country's position as a key investment destination More than 32…
Finastra and Mashreq Bank team up to rethink the future of corporate banking
Finastra and Mashreq Bank recently came together in Dubai, for a unique one day workshop around the future of corporate…
Gulf Investment Corporation reports net profits of $107million for 2018
Gulf Investment Corporation has announced the results of its operations for the fiscal year ending 31 December 2018. Operating profits,…
ADNOC Distribution shines in Abu Dhabi, Saudi drops
ADNOC Distribution lifted the Abu Dhabi stock market on Sunday and Dubai continued its winning streak, while Saudi Arabia lagged…
Egypt’s business recovery signals broad stabilisation in the economy
Egypt’s Purchasing Managers’ Index for March 2019 broadly indicated stabilisation of the health of the Egyptian non-oil private sector economy.…
GFH shares on DFM see sudden volume spurt
Gulf Finance House witnessed a sudden spurt in volumes on Sunday along with price gains. Traded volume stood at…
Why fears around biometric EMV cards are misplaced
When we consider our everyday use of facial recognition and fingerprint scanning, we’d be forgiven for thinking about a distant…
Dubai Islamic Bank responds to reports of acquiring Noor Bank
Dubai Islamic Bank has issued a clarification regarding media reports that it is mulling an acquisition of Noor Bank. …
BisB is a Silver Sponsor to AAOIFI Conference
Under the patronage of the Central Bank of Bahrain, Bahrain Islamic Bank has announced its Silver sponsorship of the Accounting…