Abu Dhabi Financial Group lifts stake in Noble
A fund controlled by the Abu Dhabi Financial Group has increased its stake in Noble Group, the crisis-hit commodity trader,…
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Arabtec shares jump in sideways Dubai market
Arabtec jumped more than 7 per cent on Sunday even as the rest of the market moved sideways. Arabtec…
Qatar to sue Arab state quartet for ‘siege’ damages, sets up new body to calculate losses
Doha is threatening to sue Saudi Arabia, the United Arab Emirates, Bahrain and Egypt for their ongoing blockade and has…
Qatar’s financial system reels under impact of economic sanctions
More than a month into economic and diplomatic sanctions imposed by its neighbouring countries, Qatar’s financial system is showing signs…
Qatar’s economic fundamentals seen weakening as sanctions bite
Since the introduction on economic and diplomatic sanctions on Qatar by its fellow Arab states the country’s economic risks have…
Cityland Group secures $142m loan for Dubai mall
$330m Cityland Mall project gets financial backing from consortium of banks led by Emirates NBD. Cityland Group, the UAE-based…
Kuwait's real estate sales soar on housing demand
Kuwait's real estate market picked up momentum in May with sales surging to their highest level in 18 months hitting…
Iran, Turkey mull free trade plan to boost cooperation
Iran and Turkey are mulling a plan to achieve free trade between the two countries based on an earlier agreement…
Contraction in Saudi growth seen slowing pace fiscal reforms
Slowing economic growth in Saudi Arabia is expected to challenge the pace of fiscal reforms as the real GDP of…
Al Ahlia insurance IPO opens for subscription
Al Ahlia Insurance Company SAOG announced the opening of its initial public offering (IPO) for subscription. Al Ahlia’s IPO,…
ADX ready to provide general clearing service
Abu Dhabi Securities Exchange, ADX, has declared its technical and logistical readiness to provide the general clearing service, in a…
HSBC Private Banking UK revamps international team
HSBC Private Banking has ramped up its offer for international clients in London, whether non-domiciled UK residents or overseas investors.…