China, India top list of migrating millionaires
About 61,000 wealthy ('high net worth' individuals, or HNIs) migrated from this country in the past 14 years, largely to…
Comment & Analysis
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Emirates NBD Dubai Real Estate Tracker July 2015
According to the latest survey, real estate agents in Dubai experienced softer overall property market conditions in June, with just…
Saudi bank NCB posts 2.6 pct drop in net profit, misses forecasts
Saudi Arabia's National Commercial Bank, the kingdom's largest lender, posted a 2.6 percent fall in second-quarter net profit on Thursday,…
Dubai property prices dip in Q2 as business activity hits two-year low
Real estate prices fell in Dubai along with growth rates in business activity and new orders during the second quarter.…
Why UAE expats fail to save: Consumption, socialising drain savings
Most people move away from home to make more money and save for retirement, but many of them tend to…
Cases at DIFC Courts surge on growing reputation for legal excellence at home and abroad
The first six months of 2015 has seen a dramatic rise in the value of claims filed at DIFC Courts,…
Families at Risk with Lack of Legacy Planning in the UAE
United Arab Emirates: Families without a legacy plan in place risk child custody ambiguity, and can put financial burdens on…
CI affirms ratings of Arab National Bank
Ratings are constrained by the Bank’s relatively low capital adequacy ratio, low stocks of MLT funding, high related-party exposure and…
WB urges GCC states to improve quality of financial intermediation
Despite its depth, the GCC financial sector has not produced the expected inclusive growth-enhancing benefits, signalling a 'quality gap' with…
Moody's and Fitch assign IBQ investment grade status
International Bank of Qatar has received investment grade credit ratings of "A2" and "A+" assigned by Moody's and Fitch respectively.…
Saudi British Bank beats forecasts despite 1.71 pct Q2 net profit fall
Saudi British Bank , the kingdom's sixth-largest bank by assets, posted a 1.71 percent drop in its second-quarter net profit,…
Dubai property market unlikely to see drastic correction – survey
Dubai’s property market is unlikely to see a severe correction similar to the one in 2008, a market intelligence survey…