US named top overseas location for UAE property investors
The US, UK, Australia, Singapore and Germany have been named as the top five destinations for UAE residents looking to…
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Emerging markets hedge fund assets post steep decline in January
Emerging markets hedge funds posted steep declines to begin 2016, as concerns about slowing growth and weakening currency in China,…
MidEast banks face profits crunch amid lag on digital services
The Middle East's banking sector risks seeing profits slump over the next five years if it continues to lag behind…
Dentons wins Middle East Law Firm at emeafinance awards
The Dentons Middle East Banking team has been recognised for its regional strength. The Firm was named 'Best Middle East…
Nigeria welcomes Islamic Bank infrastructure financing offer
President Muhammadu Buhari Thursday in Mecca welcomed an offer by the Islamic Development Bank, IDB, to organize a financing round-table…
Bahrain denounces 'unwarranted' ratings downgrade
Bahrain’s banking regulator has strongly criticised ratings agency Standard & Poor’s downgrade of Bahrain. Central Bank of Bahrain Governor…
Oman talking to banks ahead of potential dollar bond in Q2 – sources
The government of Oman is in talks with banks about a sovereign dollar bond issue, sources aware of the matter…
Emirates NBD launches global challenge for fintech startups
Middle East banking powerhouse Emirates NBD is inviting fintech startups from around the world to take part in a competition…
Kuwait’s credit growth exceeds expectations – NBK ECONOMIC REPORT
Credit growth exceeded most expectations as it ended 2015 at 8% thanks to a strong December gain. Total credit…
Bank Muscat says opening Iran office
Bank Muscat, Oman's largest lender by market value, is opening a representative office in Iran, the bank said on Thursday,…
Turkey could become interest-free financial hub, Al Baraka Banking CEO says
Adnan Ahmed Yousif, the head of Al Baraka Banking Group, one of the foremost experts in retail, corporate and investment…
Government adopts new financial instruments to implement national projects, including Sukuk
Egypt is currently experiencing unprecedented activity for the advancement of the economy, Prime Minister Sherif Ismail said during the launch…