DEC enhances ties with Bank of China
The Dubai Economic Council (DEC) has enhanced its partnership with the Bank of China (BOC) in its role in the…
Hedge Funds & Alternative Investments
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Saudi likely to tap multiple funding sources to bridge budget gap
In the absence of further increase in oil prices and or drastic cut in government expenditures, analysts expect Saudi Arabia’s…
Asma Capital in $147million deal with UAE’s Utico
Asma Capital owned by sovereign institutions including Islamic Development Bank, Saudi Arabia’s Public Investment Fund (PIF) and Public Pension Agency,…
Will Chinese currency swap help Egypt face dollar crisis?
Egypt is still struggling with its dollar shortage. It has sought to face the shortage through a series of decisions,…
Oman Arab Bank completes perpetual bonds listing
Oman Arab Bank successfully concluded its issue of OMR-denominated Perpetual Bonds, raising OMR 30 million as Additional Tier 1 capital.…
United Bank signs partnership protocol with Suez Canal Economic Zone
Ashraf Elkady, chairperson of the United Bank of Egypt, and Ahmed Darwish, chairperson of the General Authority for the Suez…
Global events weigh on Dubai property market sentiment
The UAE property market is heavily reliant on expatriate and international buyers and is, therefore, vulnerable to international economic dips. …
Zawaya unveils OMR7million Al Noor luxury project
Zawaya Development has unveiled its latest luxury properties projects under the brand name Al Noor Projects. The OMR7million-cost residential…
Dubai’s Gold Souq feels Indian demonetisation heat
It’s not just the shopping season in India that got wiped out by the demonetisation move — Dubai’s famed Gold…
The unstoppable march of Qatar's banks abroad
The great confidence in the national economic boom thanks to the wise vision of His Highness Sheikh Tamim bin Hamad…
Year in review: Abu Dhabi Global Market spreads wings with the right international partners
Three years after its founding by federal decree, Abu Dhabi Global Market really started to find its feet in 2016.…
Say goodbye to older versions of Saudi currency
Older versions of Saudi Arabia currency will soon go out of circulation, reports Saudi Gazette, quoting a financial analyst. …