United Arab Bank reports net profit of AED77 million in 2018
United Arab Bank, UAB, has reported its financial results for the 12 months ended on 31st December, 2018. UAB reported…
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EDB closes first federal entity issuance of $750m bond
Emirates Development Bank, rated AA- by Fitch, has successfully closed a $750 million five-year senior bond, according to statement released…
Andrej Kormuth Joins Bracewell's Award-Winning Projects Team in Dubai
Bracewell has announced that Andrej Kormuth has joined the firm as a partner in the Dubai office. Kormuth comes…
Egyptian Bank EFG-Hermes Weighs South East Asian Acquisition
EFG-Hermes Holding SAE is considering an expansion into South East Asia as Egypt’s biggest investment bank seeks to grow in…
Bahrain invites Indian fintech firms to set up base
In a bid to promote Bahrain as financial tech hub, the Middle Eastern country is seeking participation from Indian firms…
DFSA Publishes its Business Plan 2019/2020
The Dubai Financial Services Authority has published its Business Plan for the period 2019 to 2020. The Plan covers the…
New legal practice launched
Two well-established UAE law practices have partnered to create a new law firm, offering independent legal solutions to businesses in…
Dubai regulator says Abraaj collapse may spur oversight changes
The Dubai Financial Services Authority could make changes to its oversight procedures following last year's collapse of private equity group…
EU set to remove Saudi Arabia from blacklist
The adoption of a European Union money-laundering blacklist which includes Saudi Arabia could be blocked after virtually unanimous opposition from…
Growth in UAE economy to outshine those of other Gulf countries, thanks to non-oil sector
The UAE’s economic growth in 2019 is projected to top overall growth across the Gulf Cooperation Council (GCC) region, largely…
Asia to drive global economic growth
The UAE’s strategic location makes it the ideal hub to revitalise and strengthen intra-Asia trade corridors, says H.E. Sultan bin…
40% UK Inheritance Tax: What Omani Investor must know
Properties in the UK, particularly London, have always been popular with investors from the Gulf including Oman. Foreign investors…