UAE's ADNOC signs shipping deal with Chinese firm
The Abu Dhabi National Oil Company,ADNOC, signed, on Tuesday, a Partnership Framework Agreement with Wanhua Chemical Group Co., Ltd.,Wanhua Chemical,…
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Turkish central bank slashes rates below 20% in first shift since crisis
Turkey’s central bank slashed its key interest rate by a more than expected 425 basis points to 19.75% on Thursday…
Amadeus Gulf appoints new Managing Director
Amadeus Gulf LLC announces the appointment of Mr. Ernesto Sanchez Beaumont as Managing Director, effective September 2, 2019. He replaces…
UAE boosts its innovation standing by 2 ranks to remain 1st among Arab Countries in the 2019 Global Innovation Index
The UAE maintains its good standing in this year’s edition of the Global Innovation Index (GII) as it recently ranked…
JP Morgan foresees 10% growth in its Middle East wealth operations
JP Morgan estimates its wealth management business in the Middle East and North Africa (MENA) will grow up to 10%…
Top 10 Largest Sovereign Wealth Funds In The World
Sovereign wealth funds are investment vehicles owned by governments. They invest in a wide range of financial assets such as…
IHG strengthens midscale portfolio in Dubai with signing of Holiday Inn Dubai Deira Islands
IHG has signed a management agreement to develop a new Holiday Inn hotel at the upcoming 'Dubai Deira Islands', the…
UAE partners with 3 Chinese financial institutions
Etihad Credit Insurance (ECI), the UAE federal credit insurance company has signed strategic agreements with China Export and Credit Insurance…
CBK Gov. sees higher bank profitability amid economic improvement
Banks' profitability is likely to stay healthy on back of better economic conditions, marginally higher interest income, improved credit off-take,…
State fund sells Gulf Bank stake
Kuwait Investment Authority has sold a 16.1 percent stake in Gulf Bank to Alghanim Trading Co for KD 152.93 million…
GCC Equities Review: Inclusion stories drive Kuwait, Saudi markets higher
The stellar returns enjoyed by investors in equity markets in the United States during the first six months of this…
UAE is fastest growing eCommerce market in MENA, Dubai Economy-Visa report shows
The UAE is the most advanced eCommerce market in the Middle East and North Africa, according to a joint study…