UAE reaffirms ties with China and India
The UAE is turning its attention to India and China as it looks to boost its investment and trade relations…
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Adnic latest UAE insurer to report losses
UAE insurers are still feeling the pinch from too much competition despite consolidation and the departure of some major players.…
UAE banks to use Emirates ID cards to access credit history
Lenders will be able to check borrowers’ credit history via their Emirates ID cards, it has been revealed. National…
Kuwait's KIPCO says Q4 net profit rises by 10.7%
Kuwait Projects Co (KIPCO), the Gulf state's largest investment company, reported a 10.7 percent rise in fourth-quarter net profit on…
Saudi Arabia looks to ease tightening liquidity in banking system
Seeking to ease tightening liquidity in the banking system, Saudi Arabia's central bank has raised the ratio of deposits which…
UAE federal bonds issue to bolster country’s banks, says Arqaam Capital
The UAE’s forthcoming federal bond issue is good news for the country’s banks, which have endured falling deposits as government-related…
Sunil Vaswani tops Indian Rich List for second year running
Sunil Vaswani is once again the Gulf’s richest Indian with a net worth of $7.1 billion, according to the sixth…
Hunting for Israel’s next Waze, investors start new $100 million fund
A new $100 million slush fund for startup investments will make it a priority to locate the next big Israeli…
Dubai's Nakheel said to seek $1.4bn loan to fund projects
Dubai property developer Nakheel is seeking to borrow 5 billion dirhams ($1.4 billion) from banks, sources aware of the matter…
Israel Secondary Fund closes most of $100m fund
ISF is a secondary fund that provides liquidity to the private equity and venture capital market. Israel Secondary Fund is…
Profile Software in the Middle East Wealth Management forum in Dubai, supporting its operations in MENA
Profile Software today announced its sponsorship of the inaugural Middle East Wealth Management Forum organized by Hubbis, taking place…
Markets set to rise in global bounce; strong UAE earnings
Middle East stock markets look set to firm on Monday as global bourses rebound in response to rallies in European…