Dubai developer gets 'locked out' of own project by contractor
A developer in Dubai has been "locked out" out of its two completed projects in Dubai, after a dispute escalated…
Comment & Analysis
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Northern Trust Whole Office To Accelerate Growth
Northern Trust, which provides wealth management, asset servicing, asset management and banking, expects the growth of its Whole Office platform…
Qatar- Banks 'key enablers' to successful restart of local economy: QIB chief
Banks in Qatar are acting as key enablers for the successful restart of the local economy, supported by the Governments'…
Revealed: Top 10 companies in the Middle East in 2020
The year 2020 began on an ambivalent note. The coronavirus pandemic set a new world order in motion, enforcing…
Turkey’s Yapı Kredi bank to impose limit on forex deposit accounts – Reuters
Turkish bank Yapi Kredi will impose a limit on fixed foreign currency deposit accounts and a minimum duration on some…
UAE is the safest Arab country and 11th globally amid COVID-19 pandemic
The UAE has been ranked the safest Arab country and the 11th globally for safety, security, and health, economic and…
GCC faces tough long road to recovery
As the pandemic stifles economic activity, experts kept warning of a much harsher recession in the Gulf. Sadly, the dreary…
Egyptian state banks collect over $10bn from high-yield savings product
Egypt’s two biggest state banks have collected 171 billion Egyptian pounds ($10.5 billion) from a new high-yield savings product they…
Former Jumeirah CEO confident Dubai's tourism industry will bounce back
Former CEO of Jumeirah Group, Gerard Lawless, is confident Dubai’s tourism industry will bounce back from the devastating impact of…
French talent management firm steps into UAE
A French talent management agency has launched activities into the Middle East and North Africa (MENA) region. The initiative, Spread…
Private deposits in commercial banks rise by 8.8%
Total deposits held with ODCs registered a growth of 8.8 per cent and stood at OMR13,697.7 million at the end…
DIFC posts 17.4% growth in reinsurance during 2019
Dubai International Financial Centre (DEFC) has announced a sustained performance in the reinsurance sector, posting a growth of 17.4 percent…