Middle East investment banking fees shrink 15 per cent in the first half of 2017
Middle Eastern investment banking fees totalled an estimated $462.1 million (Dh1.7 billion) during the first six months of 2017, down…
Financial Results
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United Arab Emirates shares higher at close of trade; DFM General up 0.64%
United Arab Emirates equities were higher at the close on Tuesday, as gains in the Telecoms, Banking and Insurance sectors…
Qatar National Bank profit rises on loan growth
Qatar National Bank QNBK the country's largest bank, on Tuesday said a rise in lending helped fuel a 7% increase…
As crisis lingers QNB reports 3.6 per cent rise in second-quarter profit
Qatar National Bank, the country's largest lender, reported a 3.6 per cent rise in second quarter net profits yesterday, in…
Arabtec shares jump in sideways Dubai market
Arabtec jumped more than 7 per cent on Sunday even as the rest of the market moved sideways. Arabtec…
Contraction in Saudi growth seen slowing pace fiscal reforms
Slowing economic growth in Saudi Arabia is expected to challenge the pace of fiscal reforms as the real GDP of…
UAE 28th in the world for number of super-rich people
The United Arab Emirates is ranked 28th in the world and second in the Middle East in the number of…
Investment Should Be The Growth Driver For Egypt’s Economy
Egypt’s economic structure is changing as it faces a number of challenges. Private consumption, the driving engine for the…
Islamic banking assets in UAE hit $142billion in Q1 2017
The UAE’s AED522 billion Islamic banking assets will help fuel the growth of the country’s Halal sector, according to a…
UAE economic growth forecast to slip to 2% this year
The UAE economy grew by 3 percent in real terms last year, according to provisional data released by the country's…
First-quarter figures show increase in money supply at Oman’s banks
The increase was supported by a 6.9% quarter-on-quarter (q-o-q) rise in government deposits to commercial banks between January and March,…
Ireland has more multimillionaires than Belgium and UAE
Some 85 new multimillionaires were created in Ireland last year – an increase of 6.4 per cent on the previous…