Sharjah FDI Forum to host five workshops and a Dubai Financial Market roundtable
The 5th edition of Sharjah FDI Forum which will be held on November 11 – 12, 2019, will host a…
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Bahrain's Al Salam Bank net profit surges 19%
Al Salam Bank-Bahrain has reported 19 per cent increase in net profit from BD4.1 million in Q3 2018 to BD4.9m…
How Unofficial Capital Controls Stopped a Run on the Banks in Lebanon
Lebanon’s banks were closed for two weeks due to the mass protests throughout the country. The banks opened last…
October 2019 sees 11-year high in Dubai real estate transactions
Contradicting reports of a slowdown in the property market, October 2019 was a record month for Dubai real estate with…
UK Supreme Court upholds first successful claim for breach of the "Quincecare" duty financial institutions owe their customers
In Singularis Holdings Ltd (In Official Liquidation) v Daiwa Capital Markets Europe Ltd ([2019] UKSC 50), the Supreme Court upheld…
Kuwait current account surplus $10b – CBK issues data
The Central Bank of Kuwait said on Wednesday that the current domestic account posted a surplus at KD 3.2 billion…
National Bank of Bahrain makes offer to buy Bahrain Islamic Bank
National Bank of Bahrain, which has a 29% stake in Bahrain Islamic Bank, has made an offer to buy the…
Middle East businesses among world's most positive on global trade prospects
The latest HSBC ‘Navigator: Now, next and how’ survey of 9,131 companies worldwide, found that 85% of respondents in the…
By any measure, Aramco’s IPO will be historical By Amine Chaieb, Partner & Investment Advisor, Spearvest
As the world’s most profitable company and largest oil producer globally, Saudi Aramco’s forthcoming IPO will be closely followed by…
Saudi threatens expat employers with jail terms
Saudi Arabia has threatened to impose of jail terms and huge fines for transporting or recruiting what it is classifying…
National Bank of Fujairah relocates its operation within Sharjah with its new branch opening
National Bank of Fujairah PJSC announced the relocation of its operation in the Emirate of Sharjah by opening its new…
Projected sales boom lifts UAE business confidence
Business confidence in the UAE is on the upswing as preparations for Expo 2020 Dubai gain momentum, two surveys show.…