GGICO signs debt restructuring with Creditors Dubai
Dubai-based Gulf General Investment Co. PSC announced that it has completed an AED 2.1 Billion (USD 584 Million) Debt Restructuring…
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UAE 'sin tax' comes into effect today
The UAE’s Excise Tax came into effect today, doubling the price of tobacco and increasing the price of soft drinks…
Saudi Arabia finalizes seven deals with Russia worth $1 bln
Business relations between Saudi Arabia and Russia have been making headway at a steady phase since 2015, when the Public…
Bahrain is Eyeing at Becoming Middle East Pioneer in Blockchain
Bahrain, one of the major oil-producing country in UAE, is turning to digital currencies as part of their financial structure. …
Tourists visiting Abu Dhabi, Dubai, RAK up 9.9pc in H1
The number of tourists of various nationalities visiting Abu Dhabi, Dubai and Ras al-Khaimah increased by 9.9 per cent during…
Saudi Arabia’s banks getting ready to finance women buying cars
The decision to allow women to drive will result in increased car sales requiring bank loans, and it is expected…
Holborn Assets to resume trading in the UK with FCA backing
Holborn Assets has been given the green light from the Financial Conduct Authority (FCA) to resume operations in the UK. …
Saudi insurers soar after ban lifted
Investors in Saudi Arabia are betting insurance stocks will be key beneficiaries from the lifting of a ban on women…
Millionaires' wealth at a global $63.5 trillion record – Capgemini World Wealth Report 2017
The 2017 World Wealth Report finds that the average high-net-worth individual1 (HNWI) investments overseen by wealth managers2 in 2016 increased in…
Saudi Capital Markets Authority and Tadawul stock exchange
FTSE Russell is set to announce over the weekend in the Middle East if it will add Saudi Arabia and…
Imminent Activation of Yemeni Outward Transfers via Domestic Banks
London- Yemeni commercial banks have been informed that outward transfers will be activated soon, but they are required to meet…
Mideast funds more cautious toward equities, positive on Qatar
Middle East funds on balance became more cautious towards regional equities over the past month but more positive towards Qatar,…