Dubai's Mashreq Q1 net profit falls 18.3 pct
Mashreq , one of the leading financial institutions in the UAE has reported its financial results for the first quarter…
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Saudi Arabia set for a 'Yellow Oil' Revolution
Saudi Arabia is on the cusp of developing another source of energy that would be sought-after throughout the world, known…
Oman's Bank Dhofar offers terms of proposed merger to Bank Sohar
Oman's Bank Dhofar, in talks with Bank Sohar on a possible merger, said on Sunday that it communicated the terms…
National Bank of Kuwait gets regulatory nod for capital raise
National Bank of Kuwait said on Sunday it had received approval from the country's Capital Markets Authority for its proposed…
Dubai’s sovereign wealth fund puts Doncasters up for auction
One of Britain’s oldest engineering manufacturers, Doncasters, has been put up for auction for around £1.2bn by Dubai’s sovereign wealth…
Sloanes Real Estate opens office in Qatar
Sloanes Real Estate Brokers today announced the expansion of its operations in the Middle East with the opening of a…
Qatar Investment Authority's lack of transparency goes against standards for sovereign wealth funds
Questions about how sovereign wealth funds work practically and what happens when they are not handled in a transparent way…
UAE allocates $4 bln to Egypt for development and c.bank
The United Arabic Emirates has allocated $4 billion to Egypt, half of it in investment and half as a central…
Noor Bank Reports Record Increase in 2015 Net Operating Profit
2015 Financial Performance Highlights: -Operating income of AED1,397 million, a robust growth of 38% in comparison to 2014; -Net…
Foreign court judgments could now be enforceable in onshore UAE via the DIFC Courts
The DIFC Court of Appeal has decided that the DIFC Courts can be used as a "conduit jurisdiction" for the…
Ethica Joins Leaders in Switzerland at Arab Banking and Finance Forum
As Knowledge Partner at the Zurich conference, Ethica Institute of Islamic Finance joins banking leaders from around the world to…
Millennium Capital hires senior trader from J.P. Morgan
Millennium Capital Management, the hedge fund with a reputation for both lifting out investment banks’ traders and churning its money…