Mubadala to acquire 20% take in Investcorp
Mubadala, Abu Dhabi state investment fund, will acquire a 20 per cent stake in Investcorp, a Bahrain-based alternative investment firm.…
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QFB announces half year results
Revenue increased by 46% to QAR 353 million (US$ 97 million); Net Profit increased to QAR 16.8 million (US$…
20 UAE banks among top banks worldwide
The General-Secretariat of the Union of Arab Banks, UAB, has announced the inclusion of 85 Arab banks among the top…
Fitch Affirms 11 UAE Banks
Fitch Ratings has affirmed the Long- and Short-Term Issuer Default Ratings of 11 UAE banks as part of its second…
FGB Second Quarter Group Revenue up 3%
Net Profit reaches AED 2.64 Billion in First Half 2016 Second quarter Group Revenue up 3% sequentially; Second quarter…
National Bank of Abu Dhabi Q2 net profit dips 4.8 pct, meets forecasts
National Bank of Abu Dhabi , the emirate's largest lender by assets, on Wednesday posted a 4.8 percent fall in…
Kuwait's Sheikh Ahmad acquitted on sports ban-related charges
A senior member of Kuwait’s royal family and a former oil minister has been acquitted on charges of insulting the…
Goldman Sachs abused trust in dealings with Libyan LIA, fund's lawyer tells trial
Goldman Sachs abused its position as a trusted adviser to Libya's sovereign wealth fund, a lawyer for the fund argued…
EGA Named a Global Challenger by Boston Consulting Group
United Arab Emirates aluminium producer Emirates Global Aluminium has been declared one of the world’s top rapidly globalizing companies by…
NBAD profits fall 8% to Dh2.65b
The National Bank of Abu Dhabi reported on Wednesday Dh2.65 billion in net profit for the first half of 2016,…
Opportunities arising from Cyprus DTT with Iran
On August 4th 2015 Cyprus signed an agreement with Iran for the avoidance of double taxation. The provisions of the…
Dubai Watchdog Shuts Down Suspected Ponzi Scheme Exential Group
Exential Group, a managed forex fund located in Dubai Media City, was ordered by UAE’s financial regulators to cease operations…