Mohammed bin Rashid chairs the “Year of Giving” higher committee
Vice President, Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, on Wednesday chaired a…
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Dubai-based investment company now the reported buyer of Sahara Group's NYC hotels
According to one report, Royale Partners Investment Fund, a Dubai-based investment company, has acquired Sahara Group’s two New York hotels:…
Emirates NBD most trusted lender in UAE, Brand Finance Banking survey finds
Emirates NBD, Dubai’s biggest bank by assets, is the most trusted local lender in the UAE and has the most…
Pension Funds second largest investor in GCC after SWFs
Marmore MENA Intelligence, a subsidiary of Kuwait Financial Centre “Markaz”, recently released a report on GCC Institutional Investors III –…
CBE announces new BoD of state-owned banks beginning of next week
The Central Bank of Egypt will announce at the beginning of next week the final formation of the boards of…
UAE Central Bank ramps up clampdown on banks mis-selling consumer and investment products
The Central Bank of the UAE has stepped up action against banks following complaints of mis-selling on consumer and investment…
Emerico launches virtual smart machine with self-service banking in Middle East
The launch was announced at the seventh Middle East Banking Innovation Summit, the region’s largest banking technology and innovation event,…
Ultra-luxury mega project nearing completion
Dubai-based ultra-luxury property developer, Forum Group, has announced it is on course to complete its first residential project, XXII Carat,…
Egypt back on investment map: IFC
The flotation of the local currency and the cut in fuel subsidies, although difficult decisions, are steps in the right…
Qatar Pours Billions More Into Banks as Gulf Crisis Drags On
Qatari authorities stepped up their support of domestic banks for a third month in an attempt to offset foreign withdrawals,…
Sharjah’s unique business environment increasingly attractive for FDI
The unique business environment that Sharjah and the UAE have been consistently offering foreign investors, and further developments that are…
PwC Working to Establish Iran Presence
PricewaterhouseCoopers, a leading multinational professional services network, is working to establish a formal presence in Iran, as foreign interest in…