Dubai’s Atlas Jewellery still struggling to resolve debt issues
Three banks are blocking a deal aimed at resolving the close to Dhs500m ($136.1m) debt troubles of Dubai-based Atlas Jewellery,…
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Citi closes in on watershed year for European investment banking
Citigroup is taking the fight to rival investment banks and making big gains in Europe, the Middle East and Africa,…
KHC closes $1.5bn deal to gain 16.2% stake in BSF
Kingdom Holding Company's Chief Executive Officer Eng. Talal Almaiman announced the closing of the company's deal to acquire 16.2 %…
Abu Dhabi Global Market Launches A World-Class Electronic Prudential Reporting Structure And System With Solution From
Abu Dhabi Global Market, the International Financial Centre in Abu Dhabi, has engaged CoreFiling, one of the world’s most influential…
Pension Funds second largest investor in GCC after SWFs
Marmore MENA Intelligence, a subsidiary of Kuwait Financial Centre “Markaz”, recently released a report on GCC Institutional Investors III –…
Emirates NBD most trusted lender in UAE, Brand Finance Banking survey finds
Emirates NBD, Dubai’s biggest bank by assets, is the most trusted local lender in the UAE and has the most…
Dubai-based investment company now the reported buyer of Sahara Group's NYC hotels
According to one report, Royale Partners Investment Fund, a Dubai-based investment company, has acquired Sahara Group’s two New York hotels:…
Mohammed bin Rashid chairs the “Year of Giving” higher committee
Vice President, Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, on Wednesday chaired a…
Grant Thornton partner detained in Dubai
David Ingram, a partner in the insolvency and proceeds of crime team and a licensed insolvency practitioner at Grant Thornton…
Practices in the UAE financial sector ‘no longer tolerated’
Some formerly tolerated business practices in the Middle East’s financial services sector are now subject to clearly set out restrictions,…
Watch out for trends disrupting UAE real estate
A few key trends have emerged during this year's edition of Cityscape Global, highlighting the evolving nature of the UAE's…
Exponential growth seen in GCC assets under management
Dubai International Financial Centre has published the “DIFC Wealth & Asset Management Report 2017: Mapping Opportunities in the MEASA Region”…