Dispute Over $500M Frozen In Dubai Inches Towards Resolution, As Kuwaiti Emir Watches From Sidelines
A dispute involving $496m belonging to a Kuwaiti investment firm which has been frozen in a bank account in Dubai…
Uncategorized
47651 articles found
Saudis, Chinese Eyeing Tajikistan’s Biggest Bank: Reports
Tajikistan’s largest bank, the Finance Ministry-owned Tojiksodirotbank, was in talks with several potential buyers, including a Saudi group that made…
New 100% investment law redefines UAE's business landscape
The new UAE investment law, which allows up to 100 per cent ownership to foreign investors in some specific onshore…
Saudis Seek Advisers for Major Bank Merger
National Commercial Bank and Riyad Bank are seeking advisers for a potential merger that would create the Gulf region’s third-biggest…
MCB Bank partners with Bank Al Jazira
MCB Bank has entered into an agreement with leading Saudi financial institution Bank Al Jazira for the facilitation of remittances…
Women hold $53bn in bank deposits in Saudi Arabia
Women hold 20 per cent of funds held in Saudi banks, worth more than $53 billion. “Women benefit from…
Rally in UAE bourses fizzle in first trading day of 2019
The rally seen on Dubai and Abu Dhabi indices on the final trading day of last year fizzled on Wednesday…
Doha Bank retains top spot in ESG rankings of listed firms in Qatar
Doha Bank, one of the largest private commercial banks in Qatar, has retained the top rating for the second year…
Dubai Bank Wins Right to Swap Abraaj Debt for Fund Stakes
Noor Bank PJSC, which provided a $100 million loan to the collapsed Abraaj Group, won the right to swap the…
Saudi plans to build leisure complex in Riyadh
Saudi Arabia announced plans on Wednesday to build an entertainment complex in the capital Riyadh, the latest in a series…
How the UAE rose to the top in global rankings
The UAE has become synonymous with endless and unrivalled achievements at all levels, not only by Arab, Gulf or regional…
Arabtec wins $60m contract to build 352 villas in Dubai
Arabtec Holding announced that its wholly-owned subsidiary Arabtec Construction has been awarded a $60m (AED222m) contract by Dubai Properties for…