07/24/2012
Hilton Worldwide has announced expansion plans in Iraqi Kurdistan, Northern Iraq, with the signing of a management agreement with the Mihtab Group to develop the first Hilton Hotels & Resorts property in the rapidly growing city of Erbil, Iraq.
07/24/2012
Samir Shah, Chief Business Officer of DGCX said: "Gold prices have had a phenomenal run over the last two years, but the distinguishing feature of the gold market in this period has been the extreme price volatility of the precious metal, which has c
07/24/2012
With the consummation of this acquisition, Abraaj Capital now has approximately $7.5bn in assets under management, a presence in over 30 countries, and over 150 investments managed by a seasoned team of investment professionals with unmatched local expert
07/24/2012
The Dubai International Financial Centre (DIFC), the financial and business hub connecting the region's emerging markets with the developed markets of Europe, Asia and the Americas, issued its fifth annual Economic Activity Survey Report.
07/23/2012
However, perhaps the most important key driver of insurance in the Kingdom, as in many countries, is compulsion through government policy and legislation such as compulsory health insurance for expatriate workers and motor third party liability insurance
07/23/2012
Real estate and banking officials told Arab News that Saudi Arabia would offer a bunch of facilities to investors in a bid to attract more foreign investment.
07/22/2012
Located in Abu Dhabi, Securities & Investment Company United Arab Emirates (SICO UAE) will execute trades for its institutional and high net worth clients on the three principal stock exchanges - ADX, DFM and NASDAQ Dubai.
07/22/2012
The report noted that a number of regional governments are interested in using bonds and sukuk as a liquidity management tool while stimulating the development of the capital markets more broadly.
07/22/2012
It said a deal might be imminent, but cautioned the exact terms could not be determined and that discussions could still fall apart.
07/22/2012
QNB and Standard Chartered, he said, will be starting their activities as custodians in the next few days.
07/19/2012
First-quarter trading activity surged from a low of Dh62 million (US$16.8m) a day in January to a peak of Dh981m in March as sentiment and investor appetite for riskier asset classes improved, causing many brokerages to postpone plans to shut down.
07/18/2012
The research stated that if those jobs were created, and the new population had an average household size of three people, Dubai would see demand for an extra 317,000 units, or 94 percent of current stock.
07/18/2012
Waleed Al-Bawardi, director of cash and markets at Tadawul, said details on disclosure requirements were being agreed with the CMA after the regulator amended listing rules in January to allow for cross-listing.
07/18/2012
The first conventional bond issue in two years was oversubscribed by 400 percent by investors from the United States, Asia and Europe.
07/17/2012
GFH has already paid US$55 million of the total amount in the past and now has restructured the remainder.
07/12/2012
Kuwait’s National Bank of Kuwait was third, ahead of two more Saudi firms – Samba Financial Group and Riyad Bank.
07/12/2012
Investment banks have funnelled cheap credit towards the Gulf in an effort to make up for declining fee income and maintain relationships with big corporate clients.
07/12/2012
With 152 companies listed, the Tadawul is one of the biggest exchanges in the Gulf. And in terms of volume, it’s the largest in the region.
07/12/2012
The JV will provide Cigna opportunities to reach and serve a rapidly expanding middle class market in Turkey through Finansbank’s network of retail banking branches.
07/10/2012
Through the partnership, NBF will gradually introduce a series of products over the next few years starting with general protection plans like mortgage, motor and salary insurance, before moving on to longer-term and more sophisticated solutions such as l