UAE approves record budget
The UAE government approved a zero-deficit 60.3-billion dirham ($16.4 billion) budget for 2019 on Sunday, up 17% from this year’s…
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Banque du Caire ready to go public at anytime: chairperson
The Chairperson and Chief Executive Officer of Banque du Caire Tarek Fayed, said that the bank is ready to be…
Qatar's emir to seek increased trade in tour of Latin American countries
Qatar's Emir Tamim bin Hamad Al-Thani will visit Latin America on Monday, the state news agency reported on Saturday. …
Bahrain awaiting Gulf bailout package to repair its finances
Bahrain’s Gulf allies are weighing plans for a five-year aid package to steady its finances and protect a currency peg…
Bahrain attracts record levels of foreign investment
Kingdom attracted 76 companies with $810m of investment during first nine months of the year Bahrain’s Economic Development Board attracted…
Qatar boycott puts it at highest risk of downgrade globally – S&P
Qatar is the country at highest risk of being downgraded by S&P Global Ratings as it continues to feel the…
Qatari investments in US exceed $45bn: Minister
Qatari investments in the US have exceeded $45bn (about QR164bn), the equivalent to 23 percent of Qatar’s GDP, the Minister…
Turkey is ready to support its banks, if needed: Albayrak
The Turkish government is ready to provide required support to its banks should the need arise due to recent developments,…
Turkey slashes growth forecasts to boost investor confidence
Turkey sharply cut its growth forecasts for this year and next yesterday, but disappointed investors who had hoped for a…
Abu Dhabi Islamic Bank aims to boost lending after capital increase
Abu Dhabi Islamic Bank (ADIB) expects to increase lending in 2018 after boosting its capital, its acting chief executive said,…
Emirates NBD sees high single-digit retail book growth this year and next
Emirates NBD, the biggest lender in Dubai by assets, expects its retail banking business that accounts for about half of…
Saudi c.bank: foreign reserves rising, capital outflows due to investment
Foreign reserves at Saudi Arabia’s central bank have been increasing this year and a large proportion of recent capital outflows…