Dubai wealth fund ICD announces six-month net profit of $2.7bn
Investment Corporation of Dubai has announced half-year revenues of AED115.1 billion and net profit of AED10 billion ($2.7 billion). …
Financial Results
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Dubai sovereign wealth fund records 23% uptick in first half revenue
The Investment Corporation of Dubai, the emirate’s sovereign wealth fund, reported a 23.4 per cent increase in first half revenue…
Lebanon’s banks remain stable, seeing moderate growth
Socioeconomically, Lebanon at the end of 2018 gives the appearance of having experienced a year of only two seasons: an…
UAE Central Bank's foreign currency assets hit $94.28bn
Total foreign currency assets held by the UAE’s Central Bank stood at AED 346.3 billion in November ($94.28 billion) against…
Qatar Overcomes Negative Consequences Of Blockade Imposed By Neighbors – Central Bank
Qatar has overcome negative economic consequences of the economic blockade imposed by neighboring countries and has a budget with a…
Egyptian reforms are driving uptick in foreign investment, minister says
Ongoing reforms by Egypt to help boost growth and reduce inflation are bearing fruit with foreign companies increasing their investment…
Growing Middle East Market for Bombardier Jets
"In spite of the global economic uncertainties in 2018, the Middle East remains a solid market for Bombardier," Khader Mattar,…
UAE private sector growth remains strong on higher demand
The UAE’s non-oil private sector continued to report strong output growth in November, with the Purchasing Managers’ Index (PMI) rising…
Dismal: Newbie lenders struggle as loss streak continues
New entrants into the banking sector are struggling to get a footing in the Kenyan market as they continue with…
Deal Drought Caps Testing Year For Middle East Funds
It has been far from a vintage year for Middle East private-equity firms. A brittle economic backdrop, ongoing geopolitical…
Private sector corporates lead UAE’s credit growth
The UAE’s credit growth saw a solid rise in October, largely driven by improving credit demand from the private sector…
Mideast economies still dominated by oil sector development: ICAEW
Economic recovery in the Middle East is gathering momentum after last year’s slump when economic growth slowed to an eight-year…