Arabtec wins $60m contract to build 352 villas in Dubai
Arabtec Holding announced that its wholly-owned subsidiary Arabtec Construction has been awarded a $60m (AED222m) contract by Dubai Properties for…
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Oman to boost spending modestly in 2019 budget
Oman’s government released a 2019 state budget on Tuesday that slows spending growth but may not cut a big deficit…
Israel Is Undergoing A Female Banking Revolution, Russak-Aminoach Leads The Way
Rakefet Russak-Aminoach smiles broadly. “I was recently sitting having dinner with a senior representative from a Chinese fund, a…
Former UAE banker, trade body chairman to receive OBE
UAE-based British businessman and executive Richard Oliver is to be awarded an OBE, in the New Year’s Honours list announced…
UAE’s banking sector profitability to remain strong in 2019
The UAE’s banking sector maintained steady asset growth, improved profitability and asset quality in 2018 and is expected to deliver…
Lebanon faces financial crisis, says minister
Lebanon’s finance minister has said the heavily indebted country is in a state of economic crisis and warned it faces…
Qatar’s fiscal position strengthens on oil, gas revenues: EIU
The risk of capital outflows induced by the regional blockade on Qatar has largely subsided with the “recovery of foreign…
Sharjah enhances offer for Invest Bank, shareholders to vote on January 8
The Government of Sharjah has made an enhanced offer to invest in struggling Invest Bank and the bank’s shareholders will…
Burgan Bank issues $328m bonds in Kuwait market
Burgan Bank, the second largest local conventional bank by assets size in Kuwait, has announced that it has successfully issued…
Market sell-off is structural by Gary Dugan
The market sell-off is about the growing realisation of structural challenges that policy makers remain too weak to address. Core…
Young GCC nationals spearhead growth in Sharia investing
Young GCC nationals have been spearheading explosive growth in Sharia-compliant investments, which may result in doubling of Islamic assets within…
9 New Year’s resolutions to keep your UAE lifestyle up and costs down
The pressure on family budgets in the UAE is lessening with costs such as rent now falling while salaries are…