UAE real estate back in vogue as banks dole out cash
Banks in the United Arab Emirates are increasing their exposure to the country’s booming real estate industry, betting that five…
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Mashreq Expects Consumer Bank Profit Surge on Wealth, SMEs
Mashreqbank PSC, Dubai’s third-biggest lender, expects its consumer business profit to double this year, driven by the wealth and small…
Dubai lifted by emerging market status
Close on the heels of the MSCI market upgrade coming into effect on Monday, Dubai’s benchmark DFM General Index rose…
Islamic Development Bank and World Bank Presidents Eye More Extensive Cooperation with a Focus on Education
Islamic Development Bank (IDB) President Dr. Ahmad Mohamed Ali, and World Bank President, Jim Yong Kim, discussed on Monday enhancing…
UAE’s asset price recovery is fundamentally sound
Abu Dhabi’s fiscal strength, improved liquidity in the banking system, relatively low leverage in the corporate sector and considerable progress…
Lebanese lenders may see profits go up: Salameh
Central Bank Governor Riad Salameh predicted modest growth in the profits of Lebanese banks in 2014 despite the difficult political…
Saudi Hollandi Bank appoints new HR head
Saudi Hollandi Bank announced the appointment of May bint Mohammed Al-Hoshan as the GM for the organization’s HR department. …
IDB, World Bank to partner in development
Presidents of Islamic Development Bank (IDB) and World Bank, Dr. Ahmad Mohammad Ali and Jim Kim respectively, agreed to build…
Envoy Calls Iran-Ankara Double Taxation Agreement as A Step Forward in Trade Ties
A senior trade official termed the recent memorandum of understanding signed by Turkey and Iran on avoiding double-taxation as an…
U.A.E. Real Estate Back in Vogue as Banks Dole Out Cash
Skycrapers and developments around the Dubai Marina area are seen from the Princess Tower in Dubai, United Arab Emirates. …
QDB organizes meetings between Qatari and Tunisian delegates to explore business opportunities
Qatar Development Bank, through its export arm Tasdeer, recently organized high-level meetings in Tunisia between Qatari and Tunisian delegates to…
Saudi Arabia Plans $270 Million Venture Fund for Tech Startups
Saudi Arabia’s government and one of the country’s biggest banks plan to start a venture capital fund of as much…