UAE businessmen donate half their wealth to Bill Gates' Giving Pledge
Three high-profile UAE-based businessmen are among 14 philanthropists who have joined the Giving Pledge created by Bill and Melinda Gates…
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US firm said to walk away from Abraaj fund unit deal
Colony NorthStar Inc has ended talks to buy a majority stake in the fund-management unit of embattled Abraaj Group, which…
Bahrain follows UAE with long-term investor visas
Bahrain’s government has announced it is working on a law that will allow foreigners to obtain 10 year “self-sponsored” visas,…
OECD sees stronger world economy, but risks loom large
The global economy is experiencing stronger growth, driven by a rebound in trade, higher investment and buoyant job creation, and…
Kuwait Pension Fund Tries to Force Abraaj Into Bankruptcy
Kuwait’s pension fund is trying to force private-equity firm Abraaj Group into bankruptcy proceedings over allegedly not repaying a $100…
Two senior executives resign from Abraaj
The departures come mere months following their appointment as part of the private-equity firm’s restructure Two more senior executives…
US Mounts Major Global Money-Laundering Campaign
The US Treasury Department has initiated a wide-ranging campaign against money laundering across the globe and is leaning on governments…
‘Deutsche Bank looking to sell stake in Dubai-based Abraaj’
Deutsche Bank is looking to sell its small stake in Dubai-based Abraaj, the embattled private equity firm involved in a…
Penney named UK trade commissioner for the Middle East
Simon Penney is to promote trade and investment in the Middle East as new HM trade commissioner under the UK…
Explained How the Saudi-led Blockade of Qatar Actually Made the Tiny Emirate Stronger
If your country was under threat from a powerful expansionist rival, turned into political island by a trade blockade, had…
Dubai Cancels Corporate Fines to Boost Business
The business landscape has been dampened by new taxes and slumping asset markets. A decree by Dubai ruler Sheikh…
Kuwait's economic growth recovering — Belgian finance house
The six-member Gulf Cooperation Council countries have implemented significant fiscal consolidation and this has improved the fiscal balances of most…