Investment law for 100% foreign ownership in final phase
Juma Al Kait, assistant undersecretary for foreign trade affairs, ministry of economy said the new law will help the country…
Investment Banking
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Iran Accord Gives Hope to World’s Largest Islamic Banking System
Few people likely are counting on a successful conclusion to Iran’s nuclear agreement more than the country’s bankers. Sanctions…
UAE banks on hiring spree, says recruiter
Hiring in Saudi Arabia and Egypt is soaring Demand for jobs in the creative industry in Saudi Arabia increased by…
Russia seeks UAE investments to boost its economy
As the Russian economy shrinks due to sanctions and falling oil revenue, the country is seeking to strengthen its trade…
UAE’s banking and financial industry is hiring
According to the latest Monster Employment Index, hiring in Saudi Arabia and Egypt is soaring, and demand for jobs in…
Iran becomes founder member of Asian investment bank
Iran has been admitted to membership of the Chinese-initiated Asian Infrastructure and Investment Bank as a founding member, the Finance…
UAE Joins AIIB as Prospective Founding Member
The United Arab Emirates became a prospective founding member of the Asian Infrastructure Investment Bank, an initiative proposed by Chinese…
GCC banks set the pace despite falling price of oil
Banks in the Arabian Gulf have been outperforming international counterparts in terms of revenues and profitability, and despite the drop…
Bahrain said to need $400m to finish major stalled projects
A study carried out by the Bahrain Chamber of Commerce and Industry (BCCI) found that it would cost between $350…
Oman's Bank Dhofar sets price, ratio for 45 mln rial rights issue
Oman's Bank Dhofar, the sultanate's second-largest lender by assets, has set the share price and the subscription ratio for its…
CIB management to decide whether to submit offer for Citigroup’s Egypt retail portfolio
The board of directors of the Commercial International Bank (CIB) said that it has delegated to management the decision whether…
Saudi Bank Aljazira Names Advisers For $800m Rights Issue
Saudi Arabia’s Bank Aljazira has appointed the investment banking arms of Gulf International Bank and Riyad Bank to advise it…