GCC’s reliance on private capital flows to fund fiscal deficits to rise
GCC countries are increasingly turning to debt markets both domestic and foreign to finance their rising fiscal deficits and the…
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Abu Dhabi Securities Exchange and Abu Dhabi Global Market Sign MOU on Bilateral Cooperation
Abu Dhabi Securities Market and Abu Dhabi Global Market have entered into an agreement to foster bilateral cooperation. The…
ADIB: Dubai real estate values remain stable with robust demand for quality developments
The off-plan residential market remains buoyant with the launch of over 4,000 new units (villas and apartments) spread across 20…
Arab Bank Group announces a net Profit of USD 424.9 million in the first half of 2016
Arab Bank Group delivered solid financial results for the period ending June 2016, recording net profit after taxes and provisions…
Gulf Bank posts an 11% increase in Net Profit in H1 2016
Gulf Bank today announced a net profit of KD 20.7 million for the first half of 2016, an increase of…
How GCC companies can avoid growth traps
In recent years, leading Gulf Cooperation Council companies have grown in their domestic markets and through international expansion. These…
Affluent banking clients prefer to use digital channels
Affluent middle-class customers in the UAE are more likely to interact with their banks using digital channels than before, according…
Bank of Sharjah announces net profit of AED 176 million for H1 2016
Total Assets reached AED 26,289 million, a two per cent decrease over the corresponding 30 June 2015 balance of AED…
UAE SMEs to be exempt from bank guarantees by October
The UAE’s Ministry of Human Resources Emiratisation had announced a new decree to exempt Emirati small and medium enterprises from…
Why DIFC is a hub for financial organisations
June 30, 2016 saw the Middle Eastern operation of HSBC, the world's fourth-largest bank, complete its move, together with some…
The rise and fall of UAE tycoon named in billion-dollar US suits
The rise and fall of Abu Dhabi tycoon Khadem al-Qubaisi, named this week in US Justice Department lawsuits seeking to…
Saudi’s Arab National Bank Q2 net profit slips 2.1% on higher costs
Arab National Bank, Saudi Arabia’s seventh-largest lender by assets, reported a 2.1 per cent fall in second-quarter net profit on…