Saudis threaten $750B asset sale, but experts question it
Saudi Arabia says it may sell off $750 billion in U.S. assets if a Congressional vote doesn't go its way,…
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Qatar First Bank announces second Qatar share float since 2010
Qatar First Bank will list shares on the Qatar exchange on Sunday, a bourse statement said, in what will be…
Bader Al Kharafi, one of Kuwait’s most powerful figures
Bader Al Nasser Kharafi, is rapidly establishing a reputation as one of Kuwait’s most powerful figures and as one of…
A 30-year-old prince's bold vision for Saudi Arabia
Saudi Arabia's 30-year-old deputy crown prince's ambitious economic "vision" to diversify the economy could include 5 million new jobs for…
Wealth masters hail Dubai for churning out millionaires
Four globally acclaimed ‘wealth masters’ coming to Dubai next week for a top financial summit have hailed Dubai for its…
Reliance on credit cards in UAE is good for banks but bad for economy
Perusing this week the latest central bank credit sentiment report, a survey that gives an indication where demand for debt…
Massive shift of deposits to larger banks to hurt economy, warns report
The emerging trend where deposits are being shuttled from smaller banks to the larger banks is counter-productive to the country’s…
Doha Bank launches biometric app
Doha Bank has launched an enhanced version of its banking app offers that users the option of using their fingerprints…
Turkey is scrambling to stop hedge funds from driving the lira higher
Turkey’s central bank is on the front lines of a battle against hedge funds and other speculators. Emerging-market assets…
Rakbank Group Announces AED 250 million in Net Profit for the First Quarter of 2016
RAKBANK Group today announced a net profit of AED 250.0 million for the first three months ended 31 March 2016.…
Iranians May Soon Be Able to Make International Online Transactions
A global payment service provider based in the U.S. has announced that it has made its platform available to Iranians,…
ADIB Q1 net profit increases by 6.9 per cent for Q1 2016
Abu Dhabi Islamic Bank (ADIB), a leading financial services company, has reported a net profit of AED 482.0 million for…