Banking shares fall, bucking global trend in UAE, Kuwait
Gulf stock markets were mixed on Thursday, with banks in the United Arab Emirates and Kuwait generally weak despite a…
Hedge Funds & Alternative Investments
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Kuwait's KFH honors Imams at the state's Grand Mosque
Kuwait Finance House honored the Imams and Quran reciters of the State’s Grand Mosque in recognition of their role in…
Foreign exchanges in many countries are refusing Qatari riyals
Many banks and foreign exchange companies outside of Qatar are now refusing to buy Qatari riyals, Doha News has learned.…
Credit Bank fire-caused losses more than USD 6 mln — director
Kuwait Credit Bank General Director Salah Al-Mudaf said on Wednesday losses inflicted at the news headquarters building due to the…
T. Rowe hires former AXA IM multi-asset head for EMEA role
T. Rowe Price has hired Yoram Lustig, former head of multi-asset investments UK for AXA Investment Managers, as head of…
Dubai property prices down 20% on end-2015
Dubai property prices are now at levels not seen since late 2012 and early 2013 following an 18-month slide in…
Saudi business cheers leadership shift, frets over reforms
The promotion of Saudi Arabia’s top economic reformer to crown prince has cheered business leaders who believe it will open…
Dubai keen to invest in Myanmar gold
Dubai Gold Entrepreneurs Association wants to invest US$200 million in the gold industry in Myanmar, said U Kyaw Win, the…
Nearly 2,000 caught up in ‘biggest ever’ Abu Dhabi scam
Almost two thousand people have been caught up in a AED800m (£172m, $218m, €195m) Ponzi-style investment scheme that turned out…
Dubai’s Rise as an Epicenter for Blockchain Innovation
The United Arab Emirates city of Dubai is a vibrant, global trade center bolstered by low taxes, a first class…
Dubai Financial Market welcomes the listing of Orient UNB Takaful
Shares of Orient UNB Takafulhas commenced its journey with Dubai Financial Market listing under the trading symbol, which appears on…
The price of independence catches up with Barclays
Chief executives have been known to go to great lengths to defend the independence of their companies. When facing…