Baker McKenzie advises on stake buy in Arab Bank
Baker McKenzie, a global law firm, advised a consortium led by Arab Bank chairman Sabih al Masri in acquiring…
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DFSA Launches Second Consultation into Crowdfunding Framework to support SME Financing
The Dubai Financial Services Authority (DFSA) has today launched the next phase of consultations on its proposed framework for regulating…
The Promise of Middle East Sovereign Wealth Funds
A decade ago, sovereign wealth funds from the Middle East and North Africa were the behemoths arriving on the global…
EBRD discussing co-investments with Gulf sovereign funds
The European Bank for Reconstruction and Development is in talks with Gulf sovereign wealth funds to invest jointly, and hopes…
Abu Dhabi owners chart new course at Shuaa Capital
The new Abu Dhabi-based owners of Shuaa Capital said their strategy to breathe life into the struggling Dubai investment bank…
Gulf countries set to drive global 2017 sovereign debt issuance
Gulf countries are forecast to drive the bulk of 2017 sovereign debt issuance, followed by Latin America, according to Bank…
Why cyber security is a big concern for M&A activity in the UAE
The past 12 months represented a landmark year for mergers in the UAE. According to Ernst & Young, the…
UAE nets $2.1bn revenue from e-Dirham in 2016
The UAE ministry of finance has collected Dh7.84 billion, $2.13 billion government revenue through e-Dirham payment gateway in 2016. …
Cadillac V-Series on the track in Dubai
Christian Soemmer, managing director Cadillac Middle East, has confirmed that Escalade contributes up to half the sales of Cadillac in…
Turkish hacker behind $45m Oman, UAE cyber heists gets 8 years
A Turkish hacker has been sentenced to eight years in a US prison for his role as one the masterminds…
UAE resident alert: 5% VAT is officially coming by Jan 1, 2018
Policy makers in the six-nation Gulf Cooperation Council are aiming to introduce a 5 percent value-added tax at the start…
60 years bodes well for ibq
International Bank of Qatar (ibq)’s net profit for the year ended 31 December 2016 was at QAR 500.3 million, an…