World Bank's IFC calls for investment in Iraq reconstruction
The World Bank's private sector arm urged international companies on Sunday to overcome concerns about funding reconstruction projects in Iraq…
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Rebound in Dubai house prices unlikely as supply pipeline grows
Dubai's residential market "shows few signs of bouncing back quickly" from what is now a three-year downturn, according to note…
Saudi's Al Rajhi Bank Q4 net profit rises 20%
Al Rajhi Bank, Saudi Arabia's second-largest lender by assets, reported a 19.8 percent rise in its fourth-quarter net profit on…
Life on Mars? UAE to fund space habitation ideas
The United Arab Emirates has announced it is to offer seed grants to support research into new ideas and technologies…
Alpen Capital closes first Lebanon transaction
The Syndication was led by FMO, the Dutch Development Bank who acted as the Arranger and Facility Agent with $32.5…
UAE Exchange uses blockchain for instant cross-border payments
Through this partnership, UAE Exchange joins RippleNet, Ripple's enterprise blockchain network with over 100-member banks and financial institutions. Leveraging…
Al Tayer: UAE has no intention to raise tax rates
The UAE’s government has no intention of raising the current rate of Value-Added Tax or excise tax in the medium…
IBQ named ‘Best Private Bank in Qatar’ by Global Finance
International Bank of Qatar has received the ‘Best Private Bank in Qatar Award’ from Global Finance magazine during the third…
Paperless society requires proper security solutions
While residents and businesses in the region are looking forward to the UAE being a completely paperless society in a…
French PM Edouard Philippe at Abu Dhabi bank opening
Shaikh Hamed Bin Zayed Al Nahyan, Chief of the Abu Dhabi Crown Prince's Court, and Prime Minister Edouard Philippe of…
CBD 2017 profit surges 9.4pc to $474m
Commercial Bank of Dubai has reported a 9.4 per cent increase in operating profit of Dh1,742 million ($474 million) for…
Saudi exchange ‘aims to dominate Arabian Gulf markets’
The Saudi stock exchange, or Tadawul, aims to become the dominant market in the Arabian Gulf with further moves to…