Real estate sector dominates Abu Dhabi foreign investment
Investors from outside of the UAE pumped $40.3 million into the UAE capital in February, with the real estate market…
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QInvest’s Income-generating Ijarah Fund oversubscribed
Qatar-based QInvest, has successfully launched its QInvest SQN Income Fund (the “Fund”), with it being oversubscribed. The Fund, which…
Commercial Bank of Qatar considers international bond issue
Commercial Bank of Qatar (CBQ) is in talks with banks about a potential international bond issue that will most likely…
Abu Dhabi Commercial Bank issues $230 million Formosa bond
Abu Dhabi Commercial Bank (ADCB), the emirate's second largest bank by assets, raised $230 million through the sale of a…
CIB appoints chief executive
Commercial International Bank Egypt has promoted Hussein Abaza to chief executive, a position which has been vacant since 27 April…
World’s most expensive burger sells at Dubai auction for charity
The world’s most expensive burger has been sold at auction to raise money for a cancer charity. The Dh36,700…
Emirates NBD Asset Management launches India Equity Fund with UTI International
The agreement follows the approval from the UAE Securities & Commodities Authority. The Fund aims to achieve medium…
Dubai investment bank Shuaa confirms merger talks with Bahrain’s GFH
Dubai’s Shuaa Capital has confimed it has held discussions with GFH with a view to the Bahraini investment group acquiring…
Turkey reassures investors, says Dutch business not at risk
Dutch investment in Turkey is not at risk from the diplomatic row between the two countries, as Ankara's ire is…
Kuwait inaugural $8 billion bond offer oversubscribed
Kuwait on Wednesday announced that it has successfully issued its inaugural dual-tranche $8 billion bond offering into the international debt…
UAE Central Bank raises rates in line with US Federal Reserve
The Central Bank of the UAE raised interest rates on its certificates of deposit by 25 basis points on Thursday,…
Arab bank deposits amount to $2.2tr, says report
Arab bank deposits amounted to about $2.2 trillion in 2016, equal to 89 percent of the value of the overall…