Abu Dhabi’s Mubadala fund loses $1.19 bln in first half of 2016
Abu Dhabi’s state-run Mubadala Development Co. wealth fund has announced it lost $1.19 billion in the first half of 2016.…
Financial Results
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Sharjah Islamic Bank and Emirates Islamic list Sukuk on Nasdaq Dubai
The listings raised the total value of Sukuk listed in Dubai to $44.8 billion, reinforcing the emirate’s stature as the…
UAE listed firms see profits drop by 8% in first half
UAE listed companies’ earnings dropped by 8 percent year-on-year in the first half of 2016 as low oil prices and…
Emerging markets drove global equities higher as oil declined
Global equities were slightly positive for the month of August, led by emerging markets. Brent oil reversed some of…
GCC Corporate Earnings fall by 8% in First half of 2016. Expected to fall by 4% in 2016
Persisting lower Oil prices, liquidity squeeze and sedate global growth led to decline in GCC corporate earnings during the first…
Gulf corporate earnings slide 8% in H1
The earnings of Gulf-listed firms dropped eight percent in the first half of 2016 due to low oil prices and…
DIFC Posts Strong Growth And Reaches Major Milestones In First Half Of
Dubai International Financial Centre, the leading financial hub for the US$7.8 trillion Middle East, Africa and South Asia region, today…
Hiring freeze puts brakes on UAE small business growth in Q2
A more optimistic outlook and higher orders for small businesses in the UAE are being offset by a continued freeze…
Qatar leads GCC's banking sector growth
Led by QNB, Qatar-based banks outperformed GCC peers across various metrics in the second quarter of 2016 (Q2, 2016). Banks…
UAE- DIFC posts Strong growth in first half of 2016
Dubai International Financial Centre (DIFC), the leading financial hub for the US7.8 trillion Middle East, Africa and South Asia (MEASA)…
Saudi foreign assets drop by $6bn in July
Official data show the foreign assets of the kingdom fell to $555 billion in July, down $6 billion from the…
Lebanon: Remittances in decline but holding steady this year
Lebanon’s economy is not in good health, as its main constituents are under pressure. The tourism and real estate sectors…