Saxo Bank warns of possible global economic slowdown
The GCC states are likely to face economic challenges this year due to the increased risk of a global slow-down…
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Saudi c.bank's foreign securities holdings fall as Riyadh mobilises funds
The foreign securities holdings of Saudi Arabia's central bank fell sharply in January in a sign that the government may…
New remittance rules announced in Oman
With the announcement of a new rule regarding remittances in Oman, expatriates making large financial transactions will come under scanner…
Dubai’s Abraaj Group reorganises, names two CEOs for fund management unit
Dubai-based private equity firm Abraaj Group has appointed two joint chief executive officers for its fund management unit, Abraaj Investment…
Panama seeks to attract investment from UAE sovereign wealth funds
President Juan Carlos Varela of Panama wants to boost UAE sovereign wealth investment in real estate and infrastructure and presented…
Deutsche Bank planning UAE hires
Deutsche Bank AG is expanding in Saudi Arabia and the United Arab Emirates as the lender expects sovereign bond sales…
Commercial Bank of Qatar debuts in Swiss francs
The Commercial Bank of Qatar debuted in Swiss francsonTuesday, selling three year bonds to‘the who’s who’ of the Swiss franc…
Standard Chartered restarts dividends as profit returns
Standard Chartered has restarted its dividend after leaving shareholders empty-handed for two years, as the emerging markets bank returns to…
Smooth sailing for GCC yacht industry
The global yacht industry might be witnessing a downward trend, but the Middle East market, specifically the GCC, is showing…
Qatari banks find investor appetite in niche markets
Bank and Commercial Bank of Qatar raising fresh funds on Tuesday. Banks from the country have tapped niche markets…
Abu Dhabi looks to privatisations to boost sluggish economy
Abu Dhabi plans to accelerate the privatisation of several state companies and overhaul its national energy company as the oil-rich…
Saudi central bank chief: can deal with any pressure on dollar peg
Saudi Arabia’s central bank is setting policy in line with the U.S. Federal Reserve’s interest rate policy and has enough…