Russian state bank lent billions to fund privatization deal
Russian state-owned bank VTB briefly lent over $11 billion to an entity controlled by Qatar and commodities trader Glencore four…
Comment & Analysis
9436 articles found
UAE Investors are cautiously optimistic, according to new FGB Wealth Sentiment Index
FGB has announced the first score of its Wealth Sentiment Index, which stands at 1017.41 for January 2017. The…
Sinking banks drag down Saudi stocks, rest of Gulf region mixed
A slide in banking shares after earnings at a major bank missed analysts' estimates dragged down Saudi Arabia's stock market…
DIFC firms need to do more to combat money laundering risks
The Dubai Financial Services Authority (DFSA) published a Trade Finance Report detailing key findings of a review of trade finance…
Andersen Global Initiates Expansion in Israel
Mark Vorsatz, CEO of Andersen Tax, commented, “Ilan and his team are an excellent complement for Andersen Global, especially given…
FATCA and Common Reporting Standard in Kuwait
The Financial Account Tax Compliance Act, spearheaded by the United States Internal Revenue Services has been in play since 2014.…
Dubai's Majid Al Futtaim in talks with banks for revolving loan
Dubai's Majid Al Futtaim, a holding company which owns and operates shopping centres in the Middle East and North Africa,…
Tech heavyweights have a say in Dubai’s office realty
Oracle, Samsung and Huawei are bringing their influence to bear into a different space Dubai’s office property market to be…
Banks more exposed to sovereign debt: Moody’s
International ratings agency Moody’s sees growing exposure to sovereign debt in Lebanon following the Central Bank’s recent swap operation that…
Emirates NBD Asset Management sees significant growth opportunities for Saudi Arabian equities
Through its MENA funds, Emirates NBD Asset Management is targeting medium to long term capital growth in the Saudi market.…
Survey reveals opportunity for banks as a single provider for insurance products
The survey found that the majority of customers in the UAE would like a more streamlined approach to insurance services,…
Banks likely to report modest growth in assets and profitability
The first three quarters of 2016 saw the UAE banks reporting a general decline in earnings growth driven by rising…