Egypt scraps tax on dividends, investment gains
Egypt will cancel a tax on stock dividends and investment gains from takeovers and will return revenue already levied on…
Market Forecasts
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Worldwide investment funds attract net sales of EUR 828 billion in 2012
The European Fund and Asset Management Association, has released the latest international statistical release containing worldwide investment fund industry results…
The World's Top 20 Green Banks in 2012
Last year's greenest banks runner-up, Bank of America Corp., failed to repeat the solar-investment bonanza that drove it to the…
UAB Chief: Gulf States will tax eventually
Tax-free Gulf States will eventually be a thing of the past, according to the head of the Union of Arab…
GCC banks outperform international banks: BCG
Middle East banking revenues continued to grow at single digit rates in 2012 with a 6.9 percent increase, while profits…
Prince Alwaleed urges opening Saudi market to foreigners
Saudi Arabian billionaire Prince Alwaleed bin Talal called on the kingdom's regulators to open up the stock market to foreigners…
Global ETP flows pass $70bn in record Q1
Inflows in the global exchange traded product industry increased to $70.1bn in the first quarter of 2013 due to renewed…
Abu Dhabi's Mubadala signs $2 bln refinancing
Abu Dhabi state investment fund Mubadala has signed a $2 billion loan refinancing, two banking sources said on Wednesday. The…
UAE lender Sharjah Islamic plans dollar sukuk sale
Sharjah Islamic Bank, a lender part-owned by the UAE emirate of Sharjah, plans to sell a dollar-denominated Islamic bond, or…
Turkey's Kuveyt Turk plans 100 mln lira sukuk in Sept-Oct
Kuwait Finance House's Turkish unit Kuveyt Turk plans to issue a lira sukuk worth 100 million lira ($55.40 million) in…
Standard Chartered UAE continues steady growth in consumer banking
Standard Chartered, the British lender with a major presence in the UAE, continues to witness growth in both deposit and…
Barclays Plans to Expand in Egypt as French Banks Retreat
Barclays Plc plans to add branches in Egypt this year as Britain’s second-biggest bank by assets seeks to expand in…