05/22/2019
Nearly $1trln GCC bank mergers under way
The UAE leads the pack with highest number of mergers both in terms of value and volume.
Alternative Investments
05/22/2019
Developer Arada gets $1bn loan for two major Sharjah projects
The two Islamic facilities will be used to finance the Aljada and Nasma Residences projects
05/22/2019
Updated: UAE launches permanent residency visas for investors and skilled expatriates- Dubai ruler
Tweets from Sheikh Mohammed bin Rashid state that there are around 6,800 investors eligible for the first batch of visas
05/22/2019
Dubai salaries are among highest in the world according to new report
The same report also listed Dubai among the world’s top 20 cities for quality of life…
05/22/2019
Oman hires banks for bond issue, deal could raise $2bn
The government has been preparing the debt sale for quite some time
05/21/2019
Real estate woes impacting banks in Qatar, sasy Fitch
Qatar has built far more villas, apartments, commercial office towers, hotels and malls than there is demand for
05/21/2019
Lebanon may struggle to refinance foreign currency debts
Lebanon’s austerity budget makes slow progress amid deteriorating global market conditions.
05/21/2019
Carlyle Co-Founder Sees Emerging Markets Yielding ‘The Greatest Reward’ in the Coming Years
Rubenstein argued the worst has passed when it comes to issues negatively affecting the appeal of emerging market economies – such as commodity price declines, corruption and a lack of transparency, as well as the dearth of viable deals.
05/21/2019
Dubai ranks among 20 top cities in terms of high salaries
Emirate also ranks at number one on safety with strong purchasing power in the world
05/21/2019
Dubai rents fall, but salary declines mean incomes are lower
Deutsche Bank's Mapping the World's Prices index found San Francisco was the city with the highest salaries and disposable income
05/20/2019
Qatari banks under pressure from collapsing property market
Ratings agency Fitch says rentals in Qatar have fallen 20% over the past 3 years, again similar to Dubai and Abu Dhabi, and echoed around the rest of the region.
05/20/2019
Miral Closes Two Residential Plot Sales at Yas Bay
Siadah International Real Estate Development brings two residential buildings to Yas Island
05/20/2019
CI Capital Asset Management managed equity funds "Estithmar" and "Halal" awarded 6 prestigious awards
"Best Equity Funds" in 2019 for its 3 and 5 years cumulative performances" in 2019 by Lipper Fund Awards by Refinitv - Thomson Reuters
05/20/2019
Dubai ends lower on property, banking as Gulf markets mixed
Arabtec Construction shares closed at a limit down of 10% after it reported a halving in first-quarter profit last week and the departure of its chief executive.
05/20/2019
Qatar shares close flat as local retail investors turn bearish
Islamic equities were seen declining vis-a-vis gains in the main index in the market, where the Gulf funds continued to be net buyers but with lesser intensity.
05/17/2019
London firm to invest $440mln in Oman algae farm
The initiative will enable Oman’s entry into the booming multibillion dollar global algae farming industry
05/17/2019
New system to boost UAE finance sectors's integrity
The new system "will not affect the customers of banks since it is not applicable to them", the central bank said
05/16/2019
Standard Chartered launches the world’s first Sustainable Deposit
Our new product will bring more private capital to where it matters most
05/16/2019
Expatriates in UAE elated over planned pension funds
A recent survey revealed that majority of expatriates do not have realistic retirement plans when they finish working.
05/16/2019
Emirates posts $631m profit, awards $136 million dividend
“Higher oil prices and the strengthened U.S. dollar eroded our earnings, even as competition intensified in our key markets.