Second thoughts? IMF updates its outlook for Bahrain
On May 21, 2014, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Bahrain.…
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Remit2India launches 24/7digital remittance services for UAE NRIs
“While India remains the largest recipient of international remittances according to World Bank figures, touching $70 billion in 2013 alone,…
SABB awarded multiple Treasury Awards in Saudi Arabia
The Saudi British Bank " SABB " was named winner across 3 Treasury related categories for 2014 from The Banker…
Standard Chartered Bank picked by Dubai Economic Council to facilitate trade and investment flows between Dubai and USA
Dubai Economic Council (DEC) and Standard Chartered Bank have signed a MOU stipulating that Standard Chartered Bank will advise, arrange…
Saudi Arabia to maintain currency peg to the dollar
Saudi Finance Minister Ibrahim Alassaf reiterated Tuesday at the same news conference that the Kingdom would continue to peg its…
Middle East private wealth surged 11.6 per cent in 2013
Private financial wealth in the Middle East region grew by 11.6 per cent to reach $5.2 trillion (Dh19 trillion) in…
Easy Money Hopes Still Underpin Stocks
Local markets are tipped for a positive start Tuesday as Wall Street managed a modestly higher close in the face…
UAE bond sales raise record $6billion
Top UAE entities have raised more than $6 billion in record bond sales. Telecom operator etisalat led Thursday’s announcements…
Govt spending, personal consumption to drive earnings of Saudi-listed firms
"Earnings of companies listed in Saudi Arabia will be driven primarily by government spending and increased personal consumption. The…
MENACORP awarded 'Best Brokerage House-Dubai' by AFE
MENACORP, the UAE's leading investment bank, has won the prestigious 'Best Brokerage House- Dubai' award given by the Arab Federation…
Middle East Exposure in Focus on MSCI Upgrade
The decision by the MSCI index family to upgrade Qatar and United Arab Emirates from "frontier markets" to "emerging markets"…
Qatar bourse mulls foreign brokerage firms
Qatar may soon allow foreign stock brokerages to operate in the Gulf state with its local bourse contemplating “remote membership”,…