Financial Weather: Top UAE in banks resilient despite fall in profit
The first-half profit of the top 10 listed UAE banks declined at an average of 38.9 per cent against their…
Hedge Funds & Alternative Investments
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UAE's Tabreed shareholders approve $1bln bond or sukuk issuance
Shareholders of Tabreed have approved a bond or sukuk issuance worth up to $1 billion after a vote during its…
Qatar intends to repay $20bn in debt by 2021, says Fitch
Qatar intends to repay $20bn in debt by 2021, including more than $10bn this year, on top of scheduled maturities…
Saudi Arabia’s BinDawood Holding prices IPO
Saudi Arabian supermarket retailer BinDawood Holding has priced its initial public offering at SR96 ($25.59) a share. The retailer,…
UAE Exchange Centre's 3,000 odd employees hope a Finablr takeover will do them good
The 3,000 odd employees of UAE Exchange Centre are starting to see a flicker of hope about their future after…
UAE Top 10 Banks See Profits Drop by 38.9 Percent in H1'20, KPMG Report Finds
KPMG has released a report analyzing the results of the UAE's top 10 listed commercial banks for the first six…
UAE-Israel accord could bring new sparkle to Dubai diamond trade
The week that Israel and the United Arab Emirates normalized ties, Israeli diamond trader Zvi Shimshi headed to the United…
Gulf markets – Saudi Arabia leads and the UAE retreats due
Most of the Gulf financial markets witnessed increases at the close today, Tuesday, led by the Saudi Stock Exchange, while…
Mashreq names new Group Head of Compliance and MLRO
Mashreq has appointed Scott Ramsay as its new Group Head of Compliance & Bank Money Laundering Reporting Officer (MLRO). …
BNY Mellon and NCB Capital team up to service major Saudi asset owners
BNY Mellon and NCB Capital have struck an alliance to deliver combined banking services to major institutions and big asset…
The bankruptcy of Arabtec continues to put pressure on the shares…
The main index of Dubai shares fell, for the second day, by 0.9%, affected by the decline of the leading…
To protect African minigrids, Schneider will invest in cybersecurity
Schneider will “for sure” increase its investments in cybersecurity to ensure that its systems remain secure against the threat of…