08/02/2016
The IMF revealed, however, that non-performing loans in the construction and real estate development industries saw a significant decrease from 12.3 percent of the total in 2013 to just 7.5 percent in March 2016.
08/02/2016
The sovereign wealth fund says it has a “significant” minority stake, but did not elaborate further.
08/01/2016
These two recognitions make it eight awards in total for the Saudi based financial services company in 2016.
08/01/2016
Aramex said last week that it recorded a 24 per cent growth in net profit for the first half of this year to Dh222.5 million.
08/01/2016
The latest Indosuez Wealth Management research report, ‘Macro Comment – MENA Update’, noted that the demography of the GCC region would play a crucial role in the economic growth and future of the region.
08/01/2016
Launch of The Tower in Dubai Creek Harbour marks a new milestone in development strategy of Emaar
08/01/2016
The first half profits of the listed Saudi banks marginally rose by 0.75 per cent to SR23.3 billion, compared to SR23.1 billion in the same period last year.
08/01/2016
The bank's main shareholder is Qatar National Bank, with a stake of over 35 percent.
08/01/2016
“These include the continued diversification and open nature of the Dubai economy."
07/29/2016
Mubadala's investment strengthens Investcorp's shareholder base
07/29/2016
The alliance will involve "multiple levels of collaboration," including cross-marketing and distributing each other's products and services
07/29/2016
CIMB group chief executive Tengku Datuk Seri Zafrul Aziz said CIMB remained committed to the Middle East.
07/27/2016
The UK’s vote to leave the European Union has also reinforced the pressure on interest rates.
07/27/2016
This should also to a certain extent, benefit EM stocks.
07/27/2016
Al Rayan, the UK subsidiary of Masraf Al Rayan, began to actively target the expat market in 2013.
07/27/2016
The sales event for phase 2 will be held for only one day at Jumeirah Emirates Towers in Dubai on July 30 from 2pm till 10pm on a first-come-first-served basis.
07/27/2016
He explained that such policy was the result of the decline in oil prices and the subsequent rationalisation of government spending.
07/27/2016
The firm posted a quarterly net profit of 104mn riyals, beating analysts’ forecasts for a net loss of 1.2mn riyals and ending a run of five straight losses, although sales fell.
07/26/2016
Sahara also said profit jumped because some of its plants experienced scheduled shut-downs in the year-earlier period.
07/26/2016
Abandoned cars at the airport show impact of slump in crude oil prices on the Gulf state