Middle East sovereign funds spend more on alternative assets – report
Sovereign wealth funds in the Middle East are directing a greater proportion of their assets away from traditional investments such…
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Revealed: the average expat salary in Dubai
Dubai, the business hub of the Middle East, is one of the best places in the world for both job…
UAE insurers report strong results supported by gains in underwriting income
UAE insurers posted healthy top-line growth, improved operating profits and stronger shareholders’ equity in their 2017 financial results, according an…
Saudi January inflation jumps to 3.0 percent on VAT, gasoline price hike
The figures suggested the new tax and more expensive fuel, part of a government drive to cut a big budget…
Large UAE banks report higher Q4 profits
Despite higher provisioning and operating costs, four largest banks in the UAE managed to report higher net profit in the…
Millennials love to spend and not save
Millennials, who represent the highest proportion of the world’s population, are among the highest spenders compared to Gen X and…
Moody's: SAMA Deal with Ripple Provides $400 Million to Banks
The agreement between Saudi Arabian Monetary Authority and US-based financial technology company Ripple in managing a cross-border transaction of local…
Saudi Arabia: Loss Of Economic Confidence
Saudi Crown Prince Mohammed bin Salman is leading a delegation to the US in coming weeks, seeking to attract massive…
Saudi is biggest deal-maker in Middle East
Saudi Arabia has become the biggest deal-maker in the Middle East after its Public Investment Fund spent about $54 billion…
How Institutional Investors Are Preparing for Return of Volatility
Seventy-eight percent of institutional investors around the world expected stock market volatility to surge in 2018, according to survey results…
Qatar’s Commercial bank to pull out of Abu Dhabi-based UAB
Qatar’s third largest bank by assets, Commercial Bank, will soon make public the handover its 40 per cent stakes in…
UAE resilience: Banks' assets hit $734bln in 2017
The UAE-based banks' total assets surged to US$ 734 billion (AED2.693 trillion ) at the end of 2017 from AED…