What lies behind the luxurious lifestyle of the rich of Dubai. Photo
Dubai has long been a symbol of wealth. It is a Paradise for millionaires and a favorite vacation spot for…
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Qatar emerging stronger despite economic blockade
Qatar has proven its ability to overcome the challenges of the economic blockade imposed by Saudi Arabia and its allies,…
Bruised but coping, Qatar’s economy remains strong
Qatar’s economy has been hit by the sanctions imposed by a Saudi-led Arab bloc but the emirate’s economy is strong…
Rs110m embezzlement case against banks’ staff filed
The Khyber Pakhtunkhwa Ehtesab Commission on Thursday filed a reference against former managing director of Dubai Islamic Bank and other…
New permit strategy to boost realty sector
The new strategy for issuing building permits in Dubai is expected to benefit both developers and investors in the emirate’s…
EFG Hermes reports increase in net profits in Q2, H1 2017
EFG Hermes, one of the leading financial services corporation in the Middle East and North Africa (MENA) region, reported on…
Qatari Sovereign Wealth Fund Reduces Stake in Credit Suisse
The Qatar Investment Authority has reduced its shareholding in Credit Suisse Group AG to 4.94 percent. The country’s sovereign…
ADGM offers foundations for wealth management
Abu Dhabi Global Market (ADGM), the international financial centre in Abu Dhabi, has launched the first of its kind Foundations…
Falcon PB adds three new currencies to bitcoin AM services
Falcon will add Ether, Litecoin and Bitcoin Cash to its blockchain asset management services which are provided through the cooperation…
Merger set to create largest takaful firm
The entire business of Solidarity General Takaful is proposed to be transferred to Al Ahlia Insurance Company, which is also…
United Gulf Bank posts H1 results
UGB’s net profit attributable to shareholders of the parent increased by 18 per cent to $1.4 million for the second…
Middle East firms face weakening working capital performance
Working capital performance remains a challenge for companies in the Middle East with working capital metrics weakening each quarter from…