Arabtec leads gains on Dubai stock market
UAE shares were mixed on Wednesday, on a quiet day for bourses across the Arabian Gulf. The Dubai Financial…
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Russia, Qatar eyeing joint projects worth $12 bln
Russia and Qatar may achieve the trade turnover of $500 mln already in three years, Russian Energy Minister and co-chairperson…
Credit Suisse, Qatar JV Hires New CEO as Asset Growth Slows
Credit Suisse Group AG’s joint venture with Qatar Investment Authority has appointed its third chief executive officer in five years…
End of luxury hotels in the region?
Your next trip to Dubai will be easier on your wallet as hotel rates continue to decline across the emirate,…
Damac to open two ultra luxury hotels in Dubai
Leading regional luxury real estate developer Damac Properties has announced that it will open two ultra-luxurious hotels in Dubai within…
Barclays sets loan repayment ultimatums for former KWM EUME partners
Barclays is putting its foot down and has issued deadlines for former partners of King & Wood Mallesons’ failed Europe,…
Citigroup Gets Saudi Investment Bank License After 13 Years
After a 13-year absence, Citigroup Inc. is back in Saudi Arabia. The bank received a license from the kingdom’s…
Levy of VAT will change landscape of UAE property
The UAE is set to levy a five per cent value-added tax starting on January 1, 2018. The decision is…
Russell Investments Names New Head of EMEA
Global asset manager Russell Investments has announced that Joseph “Joe” Linhares joined the firm today as Head of EMEA. …
Turkey's Ziraat Bank markets 5-yr dollar bond in 5.5 percent area – lead
Turkey's Ziraat Bank has given initial price guidance on a planned five-year U.S. dollar bond in the 5.5 percent area,…
Global Islamic finance assets grew by 7% to reach $2.293trillion in 2016
Global Islamic Finance Report 2017, the oldest yearbook in Islamic banking and finance, was launched yesterday in Fairmont The Palm,…
Dubai, Qatar resilient despite some weak Q1 results, Saudi slips
Stock markets in the Gulf most exposed to foreign trade held their ground on Tuesday, with Dubai and Qatar showing…