First Abu Dhabi Bank raises impairments to Dh1.06b
Abu Dhabi’s biggest lender joined its regional Gulf competitors in setting aside higher provisions to cover a spike in bad…
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Gulf banks are weathering the pandemic storm — for now
A shiver went through the UAE’s financial community last week when Emirates NDB, the champion of the Dubai banking business…
Apex Dubai Expands Relationship with ENBD REIT
Apex Group Ltd. has announces its appointment by ENBD REIT (CEIC) PLC (“ENBD REIT”) to provide property-level accounting and reporting…
COVID-19 disruptions hit DP World's first-half 2020 container volumes
Disruptions caused by the COVID-19 pandemic resulted in DP World handling 5.3 per cent lower container volumes in the first…
Alliance Global supports the MenaLabs in Dubai in the fight against COVID-19
Alliance Global has successfully installed and commissioned a PCR samples automation system at MenaLabs in Dubai. The system will greatly…
Sharjah developer Arada bucks UAE property downturn with 10% rise in H1 sales
UAE developer Arada has announced a 10% increase in sales during the first half of 2020, a set of results…
Private sector companies in Abu Dhabi restricted to 60% on-site workforce capacity
A maximum of 60 per cent of the workforce in the private sector is allowed to work on-site, according to…
Kuwait’s draft law on expat quotas to exempt domestic workers, those on government contracts
A draft law in Kuwait which seeks to impose an expat quota system in the country to help “rebalance its…
HSBC arranges first green export credit agency loan for Saudi ministry
Lender HSBC arranged a $258m export credit agency loan for Saudi Arabia’s Ministry of Finance. HSBC acted as a…
DFM appoints Hassan Al Serkal as Chief Executive Officer
Hassan Al Serkal: “looking forward to achieve DFM’s strategic objectives and strengthen its position amongst the leading financial markets” Dubai:…
Gold may correct to $1,700 near-term, but bounce back to $2,500
Gold prices, which touched an all-time high of $1,944.66 an ounce on Monday afternoon, will see a correction in the…
Tom De Waele on Bain & Company's Middle East ambitions
With a team of over 25 partners and 300 professionals, Bain & Company is one of the leading strategic consultancies…