RBS Deserts Dubai Over £6.7bn Refinancing Plan
The state-backed Royal Bank of Scotland is resisting plans for a restructuring of one of Dubai's largest conglomerates, underlining the…
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New taxes will be the last resort to boost GCC revenues
Lower government revenues resulting from declining oil prices are expected to trigger further fiscal reforms across the GCC countries, however…
UAE's Bank of Sharjah plans to refinance $200 mln loan in Q1 2015
Bank of Sharjah plans to refinance a $200 million two-year loan maturing next year, said the lender's executive director, as…
UAE c.bank studying new rules for bank lending against shares
The United Arab Emirates central bank is looking at proposals for new rules covering bank loans against shares, a senior…
Standard Chartered signs with Earthport to extend international ACH reach
Standard Chartered has signed a multi-year agreement with Earthport plc. Standard Chartered offers market leading International ACH coverage in its…
UAE and Hong Kong to strengthen trade ties
Trade relations between the UAE and Hong Kong are strong and growing, visiting financial secretary of Hong Kong John C…
The Saudi Investment Bank to increase capital through bonus share issue
In a statement to the Tadawul, The Saudi Investment Bank revealed that its Board of Directors is proposing to increase…
NBK the only Arab bank among world’s Best Foreign Exchange Providers 2015
For the third consecutive year, National Bank of Kuwait (NBK) was recognized as the Best Foreign Exchange Provider in Kuwait…
Room for more crowd funding in the UAE and the Middle East
Middle East markets still have plenty of room for crowd-funding platforms despite a surge of new companies launching in the…
Islamic consumer spending to exceed $3.7 trillion in 2019
Global spending of Muslim consumers on food and lifestyle sectors grew 9.5 per cent last year according to the State…
Reasons to be optimistic about the global economy in 2015
One way in which Middle East investors are increasing their holdings is by placing more capital into alternatives andresGrowth…
Gulf lays plans for local currency bond markets
In a region dominated by bank loans and international bonds, Gulf Arab countries are laying plans to develop local currency…