Investors’ choice widens with Nasdaq Dubai’s futures contract
Investors trading on Dubai stocks like Emaar Properties and Dubai Islamic Bank will have one more instrument to safeguard themselves…
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ACWA Power increases credit facility to $159.9m
Saudi Arabia-based water and project developer ACWA Power said Sunday it has increased its 2015 revolving credit facility by 600…
Alizz Islamic unveils loan scheme to purchase land
As part of its efforts to make ownership of land a reality for all, Alizz Islamic Bank has introduced a…
Don’t write off Oman economy, fundamentals in good shape
The fallout of the oil price slump does not mean Oman’s economy is heading for hard times or that the…
Proposed law to prevent tax evasion, protect small businesses
The new bankruptcy draft law will boost the private sector's contribution to the development of trade and industry, increase transparency…
ETF take-up rockets as fund managers favour low-cost liquidity
In the seven years to the end of 2015, global use of ETFs by investment managers increased at a compound…
UAE bank deposits fall as Brexit vote spurs withdrawals among European customers
Total bank deposits fell by Dh7 billion last month, mainly due to a drop in non-resident money, said the UAE…
Arabian Gulf markets remain quiet amid oil’s return to $50 mark
Arabian Gulf shares began the week in quiet fashion on Sunday, with a return to US$50 oil proving little stimulus…
CMA mandates transition to IFRS of listed companies
The Saudi Capital Market Authority Authority announced the Board of Commissioners resolution which obligates listed entities to adopt the International…
FGB named as acquirer of NBAD
First Gulf Bank and National Bank of Abu Dhabi released preliminary financial information on the entity that will come from…
Mashreq Capital’s CEO Said to Leave After Month in the Job
Aamir Peracha, chief executive officer of Mashreqbank PSC’s asset management unit, has left a month after being appointed to the…
Al Masraf Bank wins ‘STP Excellence Award’ from Commerzbank AG
The Arab Bank for Investment and Foreign Trade Al Masraf Bank has been conferred the ‘Straight Through Processing Excellence Award’…