Dubai's Majid Al Futtaim in talks with banks for revolving loan
Dubai's Majid Al Futtaim, a holding company which owns and operates shopping centres in the Middle East and North Africa,…
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Tech heavyweights have a say in Dubai’s office realty
Oracle, Samsung and Huawei are bringing their influence to bear into a different space Dubai’s office property market to be…
Bank Albilad 2016 profits up 2.45 per cent
Full year profits for 2016 were up 2.45 per cent at SAR 807.7 million. Earnings per share rose from SAR…
Model and her mother, face jail after launching a £1.2m fraud by moving into a dead millionairess's Kensington home
A mother who posed as a millionairess to pull off an 'audacious' property scam is facing jail with her model…
Banks more exposed to sovereign debt: Moody’s
International ratings agency Moody’s sees growing exposure to sovereign debt in Lebanon following the Central Bank’s recent swap operation that…
Award-winning Diebold Nixdorf Technology Enables First-of-its-kind Biometric-enabled Service For Al Rajhi Bank Consumers
Al Rajhi Bank, a leading international banking group, recently partnered with Diebold Nixdorf to collaboratively develop an award-winning biometric-enabled self-service…
Standard Chartered closes three shipping deals in excess of $1.6 billion
In November last year, the Bank leveraged its strong expertise in shipping finance and Islamic financing to structure the $350…
FATCA Working Both Ways, US Accounts Belonging to Israelis Reviewed
The Foreign Account Tax Compliance Act, a 2010 United States federal law requiring all non-US financial institutions to turn over…
Emirates NBD Asset Management sees significant growth opportunities for Saudi Arabian equities
Through its MENA funds, Emirates NBD Asset Management is targeting medium to long term capital growth in the Saudi market.…
Survey reveals opportunity for banks as a single provider for insurance products
The survey found that the majority of customers in the UAE would like a more streamlined approach to insurance services,…
Banks likely to report modest growth in assets and profitability
The first three quarters of 2016 saw the UAE banks reporting a general decline in earnings growth driven by rising…
Standard Chartered appoints Souad Benkredda as Head of Financial Markets, UAE
We are extremely pleased to have Souad join our AME Financial Markets management team. Her breadth of experience, familiarity…