Aldar Properties creates new subsidiary with $5.4 bln assets
Abu Dhabi’s largest developer Aldar Properties is spinning off its recurring-revenue assets worth 20 billion dirhams ($5.4 billion) into a…
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More foreign money expected to flow into GCC funds- survey
Three quarters (75 percent) of regional investment professionals expect more money from foreign investors to pour into locally-domiciled funds over…
Abu Dhabi Islamic Bank sets initial price guidance for perpetual sukuk
Abu Dhabi Islamic Bank, the largest sharia-compliant lender in Abu Dhabi, has given an initial price guidance in the region…
BBK signs financing deal with Eagle Hills
BBK has signed a strategic partnership agreement with Eagle Hills Diyar, under which the bank will provide mortgage financing to…
Saudi Arabia's sovereign wealth fund raises $11 bln loan with 15 banks -Maaal
Saudi Arabia’s sovereign wealth has raised an $11 billion loan from a total of 15 banks, the Maaal financial news…
New round of merger to create Dh415 billion bank
The prospects of a new cycle of bank mergers - the fourth round of consolidation in the UAE's banking history…
Mashreq Becomes the First Private Bank in the UAE to Implement Solutions that Utilize Artificial Intelligence and Machine Learning
Virtusa Corporation has announced the successful implementation of Blue Prism’s Digital Workforce. Mashreq is the first private bank in…
Saudi group seeks to stop banks claiming assets after default
Ahmad Hamad Algosaibi & Brothers Co will seek to prevent Arab National Bank and another lender from claiming assets of…
Gulf Business celebrates region's business elite
The prestigious annual Gulf Business Awards took place in a dazzling ceremony on Monday evening at The Oberoi, Dubai, with…
Abu Dhabi Ports, Kizad in China to woo investors
A high-level delegation from Abu Dhabi Ports and Khalifa Industrial Zone Abu Dhabi (KIZAD) recently visited Nanjing, China, to discuss…
Kuwait Seeking Foreign Investment to Diversify Economy
Kuwait is more typically known as a source of investment rather than a destination, due to the size of its…
National Fund set to buy IDFC infra debt fund
The National Investment and Infrastructure Fund (NIIF), in which Abu Dhabi Investment Authority and Temasek are investors, is close to…