Dubai outperforms in mostly quiet market; Bank Doha extends slide
Dubai's stock market was the top performer and Qatar's Bank Doha extended falls in an otherwise mostly quiet Gulf region…
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Number of UAE billionaires on the rise
The UAE is now one of the billionaire capitals of the world, according to a new research. The Hurun…
Gulf Bank concludes Annual General Meeting
Gulf Bank concluded its Annual General Meeting at the Jumeriah Messilah Hotel Kuwait yesterday. Shareholders approved the Bank’s audited…
Mashreq Qatar launches unique offers for premium segment customers
Mashreq Qatar has announced “unique offers” for its premium segment Mashreq Gold customers. The service is designed to attract…
Egypt to invest billions in rail infrastructure
Egypt’s minister of transport has said the country is targeting up to €14.4billion Dh55.85bn worth of investment in new rail…
ADGM takes fintech ambitions further with Singapore deal
Abu Dhabi Global Market has signed a deal with Singapore to develop financial technology (fintech) services in the capital’s financial…
Hyperloop firm said to be in talks with GCC wealth funds
Futuristic transport firm Hyperloop Technologies Inc has reportedly said it is in talks with sovereign wealth funds in the Gulf.…
Maldives denies sale of islands to Saudi
The Maldives government on Wednesday denied it was selling a cluster of small islands to Saudi Arabia, following opposition protests…
Canadian financial giant aims to build Middle East business
Canadian financial services group Canaccord Genuity's aims to double the contributions to its investment banking business from the Middle East…
Credit Agricole picks JPMorgan for Banque Saudi Fransi sale
French bank Credit Agricole has picked JPMorgan to advise it on a potential sale of its 31 percent stake in…
Banks should ditch cash to boost customer loyalty: Collinson Group
Cashless society is not a new concept. Debate about the future of cash has raged since the introduction of magnetic…
Jordan's foreign reserves up to around $13bln in 2016
The Central Bank of Jordan's (CBJ) foreign reserves stood at $12.883 billion at the end of 2016, sufficient to cover…