UAE bank UNB expects limited profit and loan growth in 2016 – CEO
Union National Bank doesn't expect to see much growth in profits or lending in 2016, its chief executive said on…
Hedge Funds & Alternative Investments
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Nigeria, Qatar sign agreements on air service, avoidance of double taxation
Nigeria and the State of Qatar on Sunday in Doha signed Bilateral Air Services Agreement (BASA) to pave way for…
Outlook for pay hike, hiring in UAE this year
Salaries for many UAE employees will most likely remain unchanged this year, as companies focus on cost savings to weather…
Emerging markets hedge fund assets post steep decline in January
Emerging markets hedge funds posted steep declines to begin 2016, as concerns about slowing growth and weakening currency in China,…
US named top overseas location for UAE property investors
The US, UK, Australia, Singapore and Germany have been named as the top five destinations for UAE residents looking to…
UBS Real Estate offloads Paris office scheme to Middle Eastern buyer
UBS Asset Management Global Real Estate has sold a Paris office development to a Middle Eastern sovereign wealth fund for…
Businesses guilty of wasting 5% of revenues a year
Global organisations needlessly wasted an average amount of 5% of revenue every year, according to a new study by the…
Will VAT affect UAE residents? Here's your answer
The rate of tax at five per cent, as recommended by the World Bank and the International Monetary Fund, is…
Government adopts new financial instruments to implement national projects, including Sukuk
Egypt is currently experiencing unprecedented activity for the advancement of the economy, Prime Minister Sherif Ismail said during the launch…
Turkey could become interest-free financial hub, Al Baraka Banking CEO says
Adnan Ahmed Yousif, the head of Al Baraka Banking Group, one of the foremost experts in retail, corporate and investment…
Kuwait’s credit growth exceeds expectations – NBK ECONOMIC REPORT
Credit growth exceeded most expectations as it ended 2015 at 8% thanks to a strong December gain. Total credit…
Bahrain denounces 'unwarranted' ratings downgrade
Bahrain’s banking regulator has strongly criticised ratings agency Standard & Poor’s downgrade of Bahrain. Central Bank of Bahrain Governor…