Are There Lessons for GCC Countries?
GCC governments face significant challenges in their economic diversification efforts as they face sustained decline in oil prices in recent…
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UAE Surplus Reserves Jump 77.6 Percent in June
Surplus reserves at UAE banks and other financial institutions surged to AED 42.8 billion ($11.6 billion) by the end of…
UAE will 'have to go on without Qatar’, says Gargash
The Minister of State for Foreign Affairs appeared to close the door on mediation efforts to resolve the Doha crisis…
Bahrain sends request for proposals for U.S. dollar bond, sukuk issues
Bahrain's government has sent out a request for proposals to banks to arrange issues of U.S dollar-denominated conventional bonds and…
UAE orders banks to freeze accounts, assets of those on terrorist list
The Central Bank of the UAE issued a general statement to all banks and financial institutions to search for and…
Bank interest rates in Oman increase amid tight liquidity situation
Bank interest rates in Oman have increased in view of the tight liquidity situation and increased competition among banks for…
Dubai Islamic Bank plans African expansion after planting Kenyan roots
Dubai Islamic Bank has plans to solidify its foundations in the East African Islamic banking sector. Comments from DIB…
Al Rayan Says Worst Behind for Qatar Foreign Investors
Al Rayan Investment Senior Director Asset Management Akber Khan discusses his outlook for investing in Qatar and the Middle East.…
Mena Growth Will Fall Considerably
Economic growth in the Middle East and North Africa is forecast to slow considerably over oil prices as the Saudi…
Epic Saudi fraud trial coming to a close in Cayman court
One of the biggest trials in Cayman Islands history involving the Middle East’s longest-running business feud is coming to an…
DIFC a hit with Chinese, Indian financial firms
A number of leading Chinese and Indian banks are in the process of obtaining Category 1 banking licences in the…
QIB named ‘Islamic Bank of the Year’ in Qatar for 5th year
Qatar Islamic Bank was recognised as the ‘Islamic Bank of the Year — Qatar” for the fifth year in a…