Why is China’s role in the Middle East growing?
As the second biggest economy in the world with an official GDP growth rate of 6.9 percent in 2015, China…
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Iran offers many opportunities — and pitfalls — for investors
Iran, the second-largest economy in the Middle East after Saudi Arabia, has the potential to evolve into a major emerging…
Middle East buyers take interest in Orlando real estate
Almost six months after direct flights opened from Dubai to Orlando, Middle Eastern investors are showing renewed interest in Central…
Saudi Arabia said to introduce floating rate bonds amid deficit
The Saudi Arabian government plans to start issuing floating-rate bonds to encourage local banks to buy its debt as it…
Saudi Arabia's NCB to close branches in Lebanon
National Commercial Bank , Saudi Arabia's largest bank, will close its two branches in Lebanon because of low financial returns,…
Iran's Bank Mellat to pursue damages against Britain after winning EU ruling
Iran's Bank Mellat will pursue damages against Britain after the European Union's top court on Thursday effectively ruled that the…
First Gulf Bank registers its 16th straight year of growth in net profits
First Gulf Bank , one of the leading banks in the United Arab Emirates, registered significant growth in 2015 by…
Turkey and UK have 'huge potential' around Islamic finance, British ambassador says
Britain's ambassador to Turkey has praised the economic ties between his country and Ankara, saying the U.K. "has a lot…
Top 10 cars in Dubai: How insured are they?
Although car insurance is mandatory in Dubai and across the United Arab Emirates, drivers must be aware of differences in…
DIFC adds 309 new firms in 2015
Dubai International Financial Centre or DIFC welcomed 309 new companies in 2015 up almost 28 per cent from the year…
Chinese banks play major presence in Dubai intl financial center: Official
The banks from China play major presence and stand for 25 percent of the combined balance sheets of the Middle…
Axis Bank strengthens Remittance offering in GCC, Plans to grow aggressively in fiscal 2016-17
Axis Bank, the third largest private sector bank in India, today announced its ambitious plans to further strengthen its Remittance…