Companies in UAE delaying pay for 30 days to be referred to court
Companies failing to pay salaries for 30 days will be referred to court, the Ministry of Human Resources and Emiratisation…
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Gulf markets slip as Saudi hit by poor Q2 earnings
Gulf stock markets mostly fell yesterday as soft oil prices dampened buying, while Saudi Arabia’s index fell 0.7% on disappointing…
BAB holds forum on financing mega projects
The Bahrain Association of Banks has organised a forum entitled "Mega Projects’ Financing Management", moderated by Global Head of Corporate…
Bank ABC’s net profit up 5% to $101m in H1
Bank ABC announced Tuesday that its consolidated group net profit, attributable to the shareholders of the parent, for the first…
Phase 1 of Damac's Akoya Imagine villas sold out
Damac Properties has announced that phase one of Akoya Imagine villas has been sold out, and that the launch of…
Qatar’s British expats look to Al Rayan Bank for home finance products
British expats working in the GCC, particularly in Qatar and the UAE, are increasingly turning to Al Rayan Bank to…
Elhedery is HSBC’s CEO for Mena region
Georges Elhedery has been appointed Chief Executive Officer for HSBC’s Middle East and North Africa region and will join the…
Harwood-Jones to head new securities services team
Standard Chartered has created a new global securities services business line within its transaction banking segment, and has appointed Margaret…
Second half of 2016 bodes well for well-diversified investments
2016 has been quite a year so far and we still have six months to go. It seems like an…
Saudis bid $1.3bn for Grosvenor House and Plaza hotels
A consortium of Saudi and UK family wealth funds has launched a $1.3bn bid for London’s Grosvenor House Hotel plus…
Sukuk issuances to match or beat last year’s $32bn, says Fitch
Key issuers of Islamic bonds are expected to at least match their US$32 billion sales last year as governments seek…
GCC banking sector has entered 'protracted period of contraction' – BMI Research
The GCC banking sector has entered a period of contraction with asset growth set to slow to 6 percent year-on-year…