Bahrain's Mumtalakat buys stake in UK water treatment firm
Bahrain Mumtalakat Holding Company, the investment arm of the Gulf kingdom, has announced the acquisition of a significant equity stake…
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Egypt needs $5-6 bln in bilateral financing to seal IMF deal: mission chief
Egypt’s preliminary deal for a $12 billion IMF loan programme can go to the board for approval only if the…
ICBC aims for benchmark dollar bond via Dubai by year-end
Industrial and Commercial Bank of China (ICBC) aims to issue a U.S. dollar-denominated, benchmark-sized bond through its Dubai office before…
Bank Hapoalim Announces Second Quarter 2016 Financial Results
Bank Hapoalim, Israel's leading financial group, today announced financial results for the second quarter ended June 30, 2016. Second…
Consortium awaits regulatory nod to acquire OAB unit
Oman International Development and Investment Company (Ominvest) on Tuesday said that the company and its strategic partners are in the…
Turkey to Introduce a New Tax Amnesty Law
In an effort to ensure the sustainability of the national economic growth, reduce the burden of public debts incurred by…
Aramco Names Wealth Fund Secretary General to Board in IPO Push
Saudi Arabian Oil Co. named to its board the secretary general of the kingdom’s sovereign wealth fund, which will become…
What does the Bank of England base rate cut mean for UAE and GCC expats?
The Bank of England has cut the base rate for the first time in over seven years, reducing it from…
GCC Equity Fund Attracts EU Investors
Alex Guy, chief executive officer at Eshara Capital, discusses his GCC equity fund, the hurdles investors face investing in the…
OMINVEST notes progress on acquisition of OAB's Investment Management Group
Established in April 1998, OAB`s Investment Management Group is licensed by Capital Market Authority and Central Bank of Oman to…
UGB announces results for the first half of 2016
United Gulf Bank B.S.C. UGB today announced a net profit attributable to shareholders of parent of $ 4.2 million for…
Starting up in Dubai: your questions answered
Are there any initiatives for expat entrepreneurs? It seems like they are all for Emiratis only. Steve Some…