Commercial Bank International’s net profit up 29% to Dh226m
Commercial Bank International on Thursday reported a net profit of Dh226 million, up 29 per cent in 2018 compared to…
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Property market in Dubai hit by over supply bringing down prices
Property prices in Dubai fell significantly in 2018 with slowing global growth and over supply affecting the residential housing markets,…
Is investing in Saudi Arabia worth the risk?
Saudi Arabia is attempting to diversify its economy, however, under the erratic leadership of MBS many investors are cautious. …
Investment deals with KSA get Cabinet's nod
The federal cabinet Thursday gave its nod to sign Memorandums of Understanding worth billions of dollars with Saudi Arabia as…
Revealed: how the UAE is going contactless
Contactless payments made up a quarter of all UAE transactions during 2018, driven primarily by the increased penetration of contactless…
No Xpence spared as Dubai neobank readies for business
Dubai-based challenger Xpence is preparing to launch and engulf the Gulf region with its digital-only business current account. Xpence…
Merging Qatar banks to cut more than 150 jobs, Barwa boss to be CEO
Qatar’s Barwa Bank and the International Bank of Qatar (IBQ), which last year agreed to merge, plan to cut more…
Saudi investment is ‘bilateral’: Qureshi
Foreign Minister Shah Mehmood Qureshi on Wednesday said that Pakistan’s relations with Saudi Arabia are entering a new era, a…
SocGen says Saudi Arabia projects are top priority, plans to step up investments
Head of corporate investment bank Société Générale’s Central & Eastern Europe, Middle East and Africa (CEEMEA) region, Michel Cohen, said…
Noor Bank 2018 profit jumps 62%
Noor Bank, a Shariah-compliant bank in the UAE, on Wednesday said its 2018 net profit jumped 62 per cent to…
Why UAE expats should start retirement planning today
As the UAE continues to set standards against the highest global benchmarks in every field, it should be no surprise…
Saudi Aramco May Raise Up to $15 Billion in Debut Foreign Bond
Saudi Aramco’s widely anticipated international bond debut may raise as much as $15 billion and attract new investors to the…