Shuaa Capital swings to net loss in first quarter
Shuaa Capital said on Thursday it swung to a net loss in the first quarter to March, even as revenues…
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Saudi British Bank plans capital-boosting sukuk sale – sources
Saudi British Bank is planning to sell a riyal-denominated sukuk that will boost its capital reserves, sources aware of the…
Oman’s Bank Sohar says $104m rights issue oversubscribed
Oman’s Bank Sohar, which is in talks about a possible merger with larger rival Bank Dhofar, said on Thursday its…
Keeping Your Wealth in Good Health
Nedbank Private Wealth is an international private bank headquartered in the Isle of Man, a self-governing British Crown dependency. …
Saudi Arabia Likely to Be Classified as Emerging Market
Saudi Arabia, the Middle East’s biggest economy, is likely to be classified as an emerging market following the opening of…
Khaleeji Commercial gains surge 216pc to $4.4m
Khaleeji Commercial Bank said its net profit surged 216 per cent to BD1.67 million ($4.4 million) for the first quarter…
Middle East luxury industry grows despite volatility
The Arab world is at a crossroads on many levels, but one thing remains a constant: the luxury sector is…
GCC’s top 50 brands see 23pc rise in value
The total brand value for the Middle East’s top 50 brands has increased 23 per cent between 2014 and 2015…
Expats in Qatar spend 40% on housing: MEC
Expatriates in Qatar spend about 40% of their expenditure on housing; while nationals spend more on food, transport and overseas…
Clearer regulation key to future Dubai success
A sea change in regulation within the UAE is paving the way to growth for financial services businesses operating in…
New Bitcoin Buying Platform Launched for Middle East Market
The recently concluded NY Techcrunch Disrupt featured plenty of promising startup ideas, one of which is the bitcoin buying platform…
Innovations in Islamic Finance 2015: Balancing innovation and integrity
It’s an industry where asset growth regularly nudges 20% a year, but one that has been all but abandoned by…