Role Of Saudi Arabia And Russia ‘Critical In Rebalancing Oil Markets’
Saudi-based economists see a crucial role for the Kingdom and Russia in rebalancing the energy markets as US oil prices…
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National Bank of Abu Dhabi finalising plan for benchmark bond issue
National Bank of Abu Dhabi is finalising plans to issue a conventional bond of at least benchmark size, sources familiar…
Dubai Bank, 1Link introduce first payment scheme
Dubai Islamic Bank Pakistan Limited has become first Islamic bank of the country to have signed the agreement with 1Link…
Abu Dhabi and Dubai put fintech first
Financial technology in the United Arab Emirates shares a great deal with the growing sector in places like New York,…
Kuwait Seeks Investors
Amidst persistent political unrest across the Middle East and a decline in oil prices, Kuwait among other Gulf countries –…
Growth stalls in major GCC economies: weaker new business to blame
The non oil private sector growth in major GCC economies has stalled on the back of sluggish new business activity.…
Creditors of Kuwait's Investment Dar team up to mull $2.7bn debt plan
Creditors of Kuwait's debt laden Investment Dar, whose assets include property and finance, are close to forming a team to…
Egypt is experimenting with the IMF’s ideal reforms
During an interview on Al-Jazeera, the managing director of the International Monetary Fund, Christine Lagarde, has expressed her optimism about…
Spending on Internet of Things in Middle East likely to hit $3.2bln in 2019
With the introduction of more e-services by governments and their growing focus on smart cities, the spending on Internet of…
Qatari buys Banif to set up private banking
One of the largest private companies in Qatar, Al Faisal Holdings, has bought Banif Portugal group’s 78.6 per cent shareholding…
BNP Paribas bolsters industrials team
BNP Paribas has strengthened its industrials team across Europe, Middle East and Africa with the appointment of two senior bankers…
Bahrain foreign reserves halve since 2014 as oil slumps
Bahrain's foreign reserves have more than halved since the end of 2014 as low oil prices slash the value of…