UAE Expats Sent $1.4 Bln Back Home During Eid
Expatriate workers in the United Arab Emirates who make up over 80 percent of the country’s population of 8.5 million…
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Israeli Billionaire Eyal Ofer Buys 1250 Broadway For US$565 Million
IInternational business magnate Eyal Ofer – who, with a net worth of US$9.1 billion, has been certified by Forbes magazine…
Albilad in S.A. selected IMSplus Custody to effectively manage their operations
Profile Software today announced that Albilad Capital, the investment arm of Albilad Bank, one of the largest banks in Saudi…
KFIC Report for the Global and GCC Financial Markets in June 2016
Kuwait Finance and Investment Company clarified in its financial report for June; that global equities remained in neutral territory during…
A&O and Freshfields advise in $175bn bank merger
Allen & Overy and Freshfields Bruckhaus Deringer have advised on the creation of the biggest bank in the MENA region.…
Emirates National Oil Company secures $230 million loan from Chinese bank
The Emirates National Oil Company has secured a $230 million unsecured loan from the Industrial and Commercial Bank of China…
Tara Smyth named J.P. Morgan Private Bank's Middle East market head
J.P. Morgan Private Bank, a part of JPMorgan Chase & Co, appointed Tara Smyth the head of its Middle East…
Persian Gulf’s Huge New Export: Debt
The energy-producing states of the Persian Gulf are issuing bonds at the fastest clip ever, showing how the oil bust…
ICC Qatar holds banking workshop in Doha
International Chamber of Commerce Qatar (ICC Qatar), along with sponsors Qatar National Bank and Ahli Bank, recently held its first…
Sahara to sell 3 overseas hotels to Qatar Investment for $1.6 billion
Qatar Investment Authority is keen to buy Sahara's stake in 3 overseas hotels for $1.6 billion, as per a CNBC…
Profile of a Middle East corporate fraudster
As the world moves into a new era of digital integration and smart technologies, organisations are grappling with unprecedented fraud…
Analysis: Abu Dhabi mergers have similar causes but different purposes
In response to two recent Abu Dhabi mergers – National Bank of Abu Dhabi with FGB and the International Petroleum…