Middle East investors target $5.3bn London commercial property spend in 2020
Middle East investors are set to increase commercial real estate investment in London this year, according to Knight Frank. …
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Profile assigns Chief Business Officer for MEA, APAC, UK, Ireland and Americas
Profile Software has announced that Mr. Akash Anand is joining the Group as Chief Business Officer, to further strengthen its…
PwC dragged into bitter Middle East legal battle between an entrepreneur and a sovereign wealth fund
PwC has been dragged into a legal dispute between an Iranian-American entrepreneur and a Middle Eastern sovereign wealth fund. …
Lebanon PM signs 2020 state budget with $700m spending cuts
Lebanese Prime Minister Hassan Diab has today signed off on the 2020 state budget and referred the plan to President…
Mashreq reports slight improvement in full-year 2019 net income
Mashreq Bank, the Dubai lender controlled by the Al Ghurair family, reported a slight improvement in its full-year 2019 net…
UAE banks to maintain 'stable' credit profiles in 2020, S&P says
Banks in the UAE are expected to remain resilient despite tougher operating conditions this year, as Abu Dhabi’s fiscal stimulus…
China virus may further subdue Gulf bond sales in 2020
The uncertainty surrounding the new coronavirus outbreak has added to fund managers' expectations that 2020 will see fewer hard currency…
Lebanon Banks Tighten Withdrawal Caps, Sparking Outcry
Major banks in Lebanon began tightening banking controls this month, halving the amount of dollars depositors are allowed to withdraw…
DAE signs deal for $300m financing facility with ENBD
Dubai Aerospace Enterprise announced on Monday it has signed a $300-million (Dh1.1 billion), five-year unsecured financing facility with Emirates Islamic…
Capital markets in UAE set for listings boost
The UAE has inked a draft law encouraging family-owned businesses to list, while an emerging pensions industry in Dubai is…
Citigroup Suspends Trader for Stealing Cafeteria Food
Citigroup Inc. suspended a junk-bond trader in London for repeatedly failing to pay for food taken from the bank’s cafeteria.…
Qatar Commercial Bank completes trial on the Marco Polo Platform
Qatar’s Commercial Bank has participated in the Blockchain Open Account Trade Finance Trial on the Marco Polo platform, built on…