UAE growth in credit demand slows in June quarter -c.bank
Growth in demand for business credit in the United Arab Emirates slowed during the three months through June, especially in…
Comment & Analysis
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The calm amid the storm: Patrick Odier
As global markets flounder in the wake of Britain’s vote to leave the European Union, it is easy to forget…
Two banking consortia to offer Egypt's Medinet Nasr $168.8 mln loan in days
Egyptian property developer Medinet Nasr will receive this week two offers from two banking consortia competing to secure a loan…
UASC Said to Eye Chemical Tanker Unit Sale as Part of Hapag Deal
United Arab Shipping Co. is weighing a sale of its tanker business for oil and petrochemicals that could fetch more…
Housing allowances in the UAE up roughly 4% in 2016
Companies in the United Arab Emirates have increased allowance and benefits allocations this year, although the growth is slower than…
Politics of Islamic finance in Turkey
FOR over three decades successive Turkish governments did not dare speak its name for fear of being branded radical or…
Household spending surges 200 percent in Saudi Arabia over Eid
Household spending during Eid al-Fitr increased by 200 percent in Saudi Arabia this year, it has been claimed. The…
Brexit unlikely to hit GCC sovereign wealth funds – Moody’s
The UK’s vote to leave the European Union (EU) will have a “negligible” impact on GCC sovereigns’ credit ratings, Moody’s…
Israeli Billionaire Eyal Ofer Buys 1250 Broadway For US$565 Million
IInternational business magnate Eyal Ofer – who, with a net worth of US$9.1 billion, has been certified by Forbes magazine…
UAE Expats Sent $1.4 Bln Back Home During Eid
Expatriate workers in the United Arab Emirates who make up over 80 percent of the country’s population of 8.5 million…
Look Out For The Little Guys After Big Abu Dhabi Banks Merge
The merger of National Bank of Abu Dhabi and its closest rival in town, FGB, may be a great thing…
Alizz Islamic Bank's Ramadan Auto Finance Offer Well Received
Alizz islamic bank’s Ramadan Auto Finance offer has seen great interest from the public in order to own their dream…