Egypt's Current Account Deficit Widens to $7.6 Bln in First Nine Months of FY 18-19
Egypt’s current account deficit widened to $7.6 billion in the first nine months of the 2018/19 fiscal year from $5.47…
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UAE’s Etihad Rail to seek $2bn for network expansion
Etihad Rail, the developer and operator of the United Arab Emirates’ (UAE’s) national rail network, is expected to approach banks…
UAE sees steady increase in mortgage transactions
There has been a steady increase in mortgage transactions across the UAE, in line with the current market trend which…
Israeli businessmen tout ‘relationships’ with Arab investors formed in Bahrain
Last week’s U.S.-led economic workshop in Bahrain, which was designed to promote development of the Palestinian territories and the broader…
DEWA honours distinguished employees for first half of 2019
Dubai Electricity and Water Authority held a ceremony to honour its distinguished employees during the first half of 2019, with…
Masdar and FAB support energy-saving project for Future Rehabilitation Centre
Abu Dhabi Future Energy Company (Masdar) and First Abu Dhabi Bank (FAB) are supporting an Abu Dhabi school for people…
Israeli businessmen: Manama workshop offers wealth of opportunity
A regional workshop held in Bahrain last week ended with a thud instead of the big bang that its North…
Most Gulf markets reverse course, Kuwait extends gains on MSCI upgrade
Most major Middle East markets clawed back earlier losses on Wednesday largely on back of their financial stocks, while Kuwait…
Expat tycoons welcome UAE's new investment policy
The landmark investment reform allowing 100 per cent foreign ownership is set of take full effect with the UAE Cabinet…
Qatar central bank says sells 600 million riyals of t-bills
Qatar central bank sold 600 million riyals ($165 million) of treasury bills in an auction, it said in a statement…
Foreigners can now have 100% ownership in 13 sectors in the UAE
The UAE's Cabinet recently approved a historic decision that effectively makes 122 economic activities in 13 sectors eligible for up…
In first, Arab Israeli appointed chairman of Israel’s largest bank
An Arab-Israeli has been named chairman of the board of a major Israeli bank for the first time. Bank…