Fitch backs Abu Dhabi financial policy with AA credit rating
Fitch Ratings has endorsed Abu Dhabi’s long-term foreign and internal banking International Depository Receipts with AA ratings and stable outlooks…
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Bahrain's Al Baraka posts 23% rise in Q4 net profit
Bahrain's Al Baraka Banking Group reported a 23 percent increase in fourth-quarter net profit on Sunday, and said it would…
Bahrain's GFH more than doubles Q4 net profit
Bahrain-based Gulf Finance House , whose unit is in the process of selling a majority stake in English soccer club…
Oman denies plan to sack 100,000 expats
Oman has denied reports it is set to sack 100,000 expats from jobs and give the work to Omanis but…
Bahrain : World Class Performance
Bahrain has maintained its 2013 global performance, ranking fourth in the world for ease of dealing with construction permits. …
Frontier-Markets lure investors with fixed currencies
Frontier markets with managed exchange rates from Dubai to Vietnam and Nigeria are luring equity investors fleeing the currency turmoil…
Qatar ‘ideally placed’ to be potential nucleus of global Islamic economy
Qatar is ideally placed to be the potential nucleus of global Islamic economy in view of its strong growth, legal…
Triggered by the Netanyahu scandal? New 'revolutionary' bill leaves little option for tax evasion in Israel
A government bill has been submitted to the Knesset to amend the Income Tax Ordinance, adding a chapter on the…
How much money do UAE bankers make, and how does your salary compare?
Salaries for 2014 show 1.5 to 6% increase, depending on role. The financial services industry has continued its steady…
Kuwait's Burgan Bank Q4 net profit slumps
Kuwait's Burgan Bank reported a big drop in fourth-quarter net profit on Sunday, according to Reuters calculations, with its full-year…
Dubai's Nakheel says repays 2.35 bln dirhams of bank debt
Dubai developer Nakheel said on Sunday it has initiated early repayment of 2.35 billion dirhams of bank debts 18 months…
Sovereign wealth funds are backing states
Caught in an emerging market storm, some resource-rich states may keep more windfall income in liquid assets, ready to aid…