09/26/2016
Online marketplace The Luxury Closet closes $7.8m series B round
The firm said it would use the funds to accelerate its regional expansion
Alternative Investments
09/26/2016
Luxury property brokerage Tamleek Real Estate Co. to recruit 240 by year end
This would effectively raise staff levels at the top-selling agency by 150 % over present numbers.
09/25/2016
UAE based compareit4me secures $2.4 million investment in latest round of funding
The sum more than doubled the $1 million that the company set out to achieve, taking the total amount that it has raised to date to almost $6 million.
09/25/2016
Dubai Exports hosts joint forum in Sao Paulo to bring focus on Dubai as global halal hub
Hub-to-Hub concept of integrating Dubai as a vital point in the halal supply chain
09/25/2016
Dubai FDI invites Portuguese investors to pursue innovation and growth in Dubai
The Dubai FDI team met representatives of over 50 businesses from diverse sectors such as construction, engineering, healthcare, information technology, and food and beverages in Lisbon and Porto
09/25/2016
23% public private partnership projects abandoned in Middle East
The primary reason identified for PPP deals not getting off the ground was seen to be governments failing to offer deal structures that were attractive to investors
09/25/2016
BIBF partners with Euromoney Learning Solutions
The MOU signed by the Director of the BIBF Ms. Solveig Nicklos, and Euromoney Learning Solutions CEO Mr. Guy Cooper, at the BIBF campus in Juffair.
09/25/2016
Women Making Great Improvements in the UAE Business Sector
The UAE was proud to have 17 women that made it to the top 100 list.
09/25/2016
RiverCrossing and Greenman Launch German Retail Property Investment Vehicle for GCC Investors
RiverCrossing will act as the Investment Manager while Greenman will manage the portfolio of assets.
09/22/2016
Burgan Bank wins prestigious Thomson Reuters Lipper Award Burgan Equity Fund
The fund invests across a wide range of sectors including consumer services, oil & gas, telecommunications, basic materials, consumer goods, real estate, financial services, industrial, and banking.
09/22/2016
CIBC forms strategic alliance with National Australia Bank and Israel's Bank Leumi
The alliance was officially signed this week in Tel Aviv, a world leader in high-tech startups and a global tech hub.
09/22/2016
ABK’s Accad named ‘Bank CEO of the Year’ – ‘Michel Accad takes bank to a new operational level’
The awards represent the benchmark of success for senior executives in the Middle East.
09/22/2016
Antigua and Barbuda Set to Become Premier Destination for Investors in the Middle East
The country has already seen a significant increase of investment from the Middle East, including a recent MOU for US$120 million towards a luxury resort in the south of the island.
09/22/2016
Dubai property set for return to growth next year, says Knight Frank
The real estate market is more mature, and this resilience will drive the next growth cycle.
09/21/2016
UAE Bank Deploys AI Robot to Keep Customers Engaged
UAE-based bank is introducing an artificial intelligence, AI robot that will engage customers by telling them about the products and services
09/21/2016
SMEs deserve better access to financing, Chamber official says
SMEs, backbone of economy, can play a role in Emiratisation also in future
09/21/2016
UAE Al-Futtaim's investments in Egypt currently exceed $1 billion
Government and central bank of Egypt have to cooperate to reach decisive solutions to the country's dollar shortage crisis soon.
09/21/2016
Slowdown in Gulf, a soaring dollar take a toll on nonresident deposits
this year, their earnings dipped, leading to a fall in the flow of money they send to Indian banks as the United Arab Emirates, Saudi Arabia, Qatar and other countries in the Gulf region cut spending on construction projects and sent the Indian workers ba
09/21/2016
Lubna Al Olayan tops Forbes' list of most powerful Arab women
Egypt, Arab World’s most populous country, continued to lead with the highest number of entries with 18
09/20/2016
Saudi stocks drop near technical support level
There has been less participation in the market comparatively, and this is the first year that there is no grand re-opening of the markets after the Eid holidays