Saudi Arabia to become first GCC country to impose 'sin tax'
Saudi Arabia will become the first Gulf Cooperation Council (GCC) country to impose excise tax at 100 percent on tobacco…
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Most Omani Banks Post Better Q1 Performance
Oman’s commercial banks performed well during the first quarter of 2017 despite the difficult economic challenges facing the global banking…
Moody's downgrades Qatar's rating to Aa3 from Aa2 and changes the outlook to stable from negative
Moody's Investors Service has downgraded the Government of Qatar's long-term issuer and senior unsecured debt ratings to Aa3 from Aa2…
Oman's Islamic banking assets reach RO3.3bn
Total assets of Islamic banks and windows in #Oman reached to RO3.3bn at the end of March 2017, accounting for…
Lebanon seeks a secure financial sector
The Lebanese Cabinet took all but a single minute to grant Riad Salame a fifth six-year term as Central Bank…
CBI partners with Al Jalila Foundation
Commercial Bank International, a leading bank headquartered in Dubai, UAE has partnered with Al Jalila Foundation, a not-for-profit organisation, to…
Emirates NBD rolls out e-commerce marketplace
Emirates NBD has launched online shopping store, SkyShopper, enabling its credit and debit card customers to buy the likes of…
Saudi Telecom to form $500m venture capital fund
Saudi Arabia's largest telecommunications firm has announced that it will set up a $500-million venture capital fund to invest in…
The rise of the angel investor in the UAE
Tarek Ahmad is an optimist, which is just as well. As an angel investor who lost US$80,000 on his…
Amundi Asset Management opens DIFC office
Amundi Asset Management opened its new offices at the Dubai International Financial Centre on Wednesday. The company, which has…
Banking on Saudi Arabia's 'very realistic' privatisation plan
What is your first impression of a typical senior executive from Deutsche Bank? A thrusting Frankfurter perhaps, or a…
Israel's Bank Leumi Q1 profit up, pays 1st dividend in 6 years
Bank Leumi, Israel's second-largest lender, reported a 36 percent rise in first-quarter net profit and declared its first dividend in…