Cost of living in UAE drops as rents fall
The cost of living in the UAE continued to drop in the first-half of 2018, thanks to fall in rents,…
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AXA acquires Islamic reinsurer Emirates Re
AXA Group's specialist run-off acquirer and manager has acquired a majority stake in Emirates Re. Emirates Re, an Islamic…
Is your retirement package guaranteed in the UAE?
Financial experts have called for new legislation making it compulsory for employers to set capital aside, separate from company assets,…
Egypts parliament passes 11 billion sovereign wealth fund
Egypt is setting up a sovereign wealth fund with a capital of 200 billion Egyptian pounds ($11 billion), the state…
UAE advisers may be next for a cold-calling ban
Responding to news that real estate agents are now prohibited from cold calling or risk a AED50,000 ($13,613, €11,709, £10,436)…
New products, standards buoy Islamic trade finance business
Islamic trade finance is poised for change with the launch of new products and common standards as Islamic banks look…
Bank Audi is not merging with Bankmed
Bank Audi is not considering a merger with any big bank, and claims that it is in talks to acquire…
Doha Bank wins ‘Best Arab Customers Services’ title
Doha Bank, one of the largest commercial banks in Qatar, has triumphed in the ‘Best Arab Customers Services’ category at…
Saudi grants banking licence to Commercial Bank of Iraq
The Saudi Cabinet approved the licence for Commercial Bank of Iraq to open a branch in the kingdom, it was…
Dubai sees 14% growth in number of registered companies
The number of companies registered with Dubai’s International Financial Center has grown 14% in the last 12 months, with over…
Perkins+Will names new Mideast operations director
Perkins+Will, a global interdisciplinary, research-based architecture and design company, has appointed Andrew Mowat, a qualified Scottish architect as its new…
Dubai International Financial Centre reports strong start to 2018
Number of active registered companies increased by eight percent in the first six months of 2018 and 14 percent year…