More real estate investment trusts expected in UAE
The asset manager behind the UAE’s second listed real estate investment trust expects more to follow. Emirates NBD Asset…
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Deutsche Bank reduces check clearing in euros in Middle East
Deutsche Bank is to stop clearing checks denominated in euros for some banks in the Middle East, according to sources…
Kuwait Seeks to Attract Foreign Cash
Ali Taqi, head of equities at Rasmala Investment Bank, discusses the Kuwait Bourse seeking to attract foreign investment and the…
Experts tackle GCC financing challenge in Bahrain
The Bahrain Economic Development Board and Euromoney hosted 600 attendees the biggest crowd to date at the GCC Financial Forum. …
Arqaam Capital launches global macro hedge fund
Arqaam Capital, a specialist emerging markets investment bank, has launched a global macro multi-asset fund as part of its growth-led…
UK/UAE treaty allows expats to cash out pensions tax free
A new UAE-UK double tax treaty, which came into force on 1 January, means that British expats over 55 residing…
EFG Hermes reports net profits of EGP 1.6 billion for FY2016
Robust top- and bottom-line growth were driven by prudent balance sheet management, a growing contribution from its new non-bank financial…
International Islamic Bank signs for ICS Banks Islamic
ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions, announced that International Islamic…
65 per cent of GCC expats 'don't have a pension'
GCC expatriates are miles behind their counterparts in North America, Europe and Asia when it comes to retirement planning, a…
Egypt's largest bank seeks new funding from European financiers
Egypt’s biggest lender, the state-owned National Bank of Egypt is negotiating a new funding from four European financiers under the…
Saudi Aramco preparing Sukuk issuance
Reuters is reporting that Saudi Aramco is set to issue a Sukuk. According to Reuters, it is set to…
Zakir Naik’s foreign assets now part of probe
Having attached properties worth Rs 20 crore of the controversial Islamic preacher and televangelist Zakir Naik in Mumbai, The…