Interview – ‘Oman market is an important part of Rolls-Royce’s Middle East strategy’
Torsten Müller-Ötvös, chief executive of Rolls-Royce Motor Cars Ltd was recently in Oman for a vacation along with family. …
Comment & Analysis
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Oman shares end marginally lower
Oman’s benchmark MSM30 Index was marginally lower by 0.04 per cent to close at 5,014.41 points. The MSM Sharia…
Israel, a Leading Tax Haven
Largely tax-free, they’re controlled by Wall Street and other powerful financial interests, part of a global tax injustice system, governments…
Banking on Kuwait's Local Market
Global Finance: What is your general sense of the banking sector in Kuwait today? Michel Accad: It is maybe…
Egypt's Biggest Bank Seeks $500 Million Loans, Eyes Saudi Market
The National Bank of Egypt is looking to secure $500 million in loans by the end of June, shunning the…
Kuwait pledges $2 billion in loans, investment for Iraq reconstruction
Kuwaiti Emir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah has pledged $1 billion in loans and $1 billion in direct investments to…
GFH 2017 income more than halves amid difficult market conditions
Bahrain-based investment bank GFH Financial Group reported a 56 per cent drop in its 2017 full-year net profit as income…
UAE banks seen turning the corner in 2018 as loan demand strengthens
UAE banks are set to see higher loan growth and profitability in 2018 as the local economy turns the corner,…
Azerbaijan’s PASHA Bank intends to increase its share in Turkey’s market
Fitch Ratings has affirmed Turkey-based Pasha Yatirim Bankasi A.S.'s National Long-Term Rating at 'BBB+(tur)', which is a subsidiary of Azerbaijan’s…
Mideast needs to invent new economic model: IMF chief
The International Monetary Fund said oil prices are expected to weaken gradually over the next three to four years and…
Emirates NBD main sponsor of Indian trade fair in Jeddah
Saudi Arabia successfully participated in the Indian trade fair held recently in Jeddah. Mohammed Shahid Alam, India’s deputy consul…
Life on Mars? UAE to fund space habitation ideas
The United Arab Emirates has announced it is to offer seed grants to support research into new ideas and technologies…