“Markaz” successfully closes a five-year KWD 25 million bonds issue
According to a joint statement by Kuwait Financial Centre and Gulf Bank, this extensive demand reflects the investors’ trust in…
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Dubai’s Gold Souq feels Indian demonetisation heat
It’s not just the shopping season in India that got wiped out by the demonetisation move — Dubai’s famed Gold…
Zawaya unveils OMR7million Al Noor luxury project
Zawaya Development has unveiled its latest luxury properties projects under the brand name Al Noor Projects. The OMR7million-cost residential…
KPMG reports 10.7pc growth in region
KPMG in the Middle East and South Asia region has reported a 10.7 per cent growth in aggregated revenues of…
UPDATE 1-Dubai's Shuaa buys 14 pct of Bahrain's Khaleeji Commercial Bank
Dubai's Shuaa Capital bought 14 percent of Bahrain's Khaleeji Commercial Bank on Sunday for 9.6 million dinars, $25 million and…
Islamic Development Bank finances developmental projects worth $863 mn
The Islamic Development Bank has approved finances worth US$863 million for developmental projects in a number of member countries during…
Iran allows free foreign exchange at banks in move to unify rates
Iran authorised some banks on Saturday to deal in foreign exchange trading at a free market rate, the central bank…
Emirates Development Bank approves Dh1.5b in loans for housing sector, SMEs
The Emirates Development Bank, approved an estimated budget of Dh1.5 billion for 2017 to finance housing loans for Emirati citizens…
Saudi Budget 2017: Shrinking deficit, raising expenditure
Saudi Arabia has announced today its general budget for the fiscal year 2017 that shows its gross domestic product growth…
Turkey's financial meltdown on the Bosphorus speeds up
2016 was an "annus horribilis" for a global investor on the Bosphorus. The July 15 failed military coup attempt…
Saudi Arabia to hold off on plans to tax expat remittances for now
Saudi Arabia will resist plans to introduce a tax on expat remittances for now, according to Mohammed Al-Tuwaijri, secretary general…
Dubai's Shuaa buys stake in Bahrain's Khaleeji Commercial Bank
Dubai's Shuaa Capital bought a 14.01 percent stake in Bahrain's Khaleeji Commercial Bank on Sunday for 9.56 million dinars ($25.4…