Egyptian billionaire sets up investment firm
Egyptian billionaire Nassef Sawiris, whose family owns the Orascom group of companies spanning construction to telecoms, has set up an…
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Qatar bourse mulls foreign brokerage firms
Qatar may soon allow foreign stock brokerages to operate in the Gulf state with its local bourse contemplating “remote membership”,…
Goldman Sachs to Advise Bank Asya on Qatar Stake Sale Talks
Asya Katilim Bankasi AS , the Turkish banks in talks to sell a stake to Qatar Islamic Bank, said it…
Nomura Asset Management launches in Middle East
Japanese fund manager Nomura Asset Management (NAM) has launched an office in Dubai International Financial Centre as part of its…
Emirates Steel secures $1.3 billion credit facilities
Abu Dhabi based Emirates Steel, a Senaat company, yesterday announced that it has secured new credit facilities of $1.3 billion…
UAE banks wooing customers with the promise of ‘easy money'
Some UAE banks are wooing people to avail of personal loans, credit cards and home loans by offering a wide…
Saudi sovereign wealth fund plan attracts debate in advisory body
A proposal to set up a Saudi Arabian sovereign wealth fund attracted debate at a meeting of the kingdom's influential…
‘Qatar businesses losing money by ignoring GCC customs duties savings’
Qatar businesses are losing money by ignoring potential savings in GCC customs duties, a senior KPMG expert has said. …
Middle East Exposure in Focus on MSCI Upgrade
The decision by the MSCI index family to upgrade Qatar and United Arab Emirates from "frontier markets" to "emerging markets"…
Alkhabeer Capital eyes SMEs in equity strategy
Alkhabeer Capital , a leading asset management and investment firm based in Saudi Arabia, and authorized by the Capital Market…
Al Wifaq Finance Company joins the DMCC Tradeflow platform
Al Wifaq Finance Company , the Islamic subsidiary of Union National Bank has joined the DMCC Tradeflow platform, in order…
8 luxury Italian firms set up base in Abu Dhabi
Abu Dhabi-based Gulf Automation Services & Oilfield Supplies, or Gasos, has set up the Italian Centre of Excellence, or ICE,…