Dubai property price falls dubbed ‘healthy housing correction’
Property in Dubai has fallen in price for seven consecutive quarters. Prime prices in July were 10 per cent below…
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StanChart starts direct trading between yuan, Saudi riyal, UAE dirham
Standard Chartered said on Thursday it had started direct trading between the Chinese yuan, Saudi Arabia's riyal and the UAE's…
Gulf countries launch $2.5bn fund to tackle poverty
The Lives and Livelihoods Fund to combat poverty and infectious diseases in the Muslim world was launched in Saudi Arabia…
Bahrain to require external sharia auditors for Islamic banks
Bahrain's central bank has proposed new governance rules that would require Islamic banks in the kingdom to conduct external sharia…
Credit Suisse Plans Middle East Growth as Millionaires Rise
Credit Suisse Group AG expects the Middle East to account for a significant part of its growth in private banking…
Bahrain’s Diyar Al Muharraq secures $366m Islamic financing
Bahrain-based real estate developer Diyar Al Muharraq said on Wednesday that it had secured $366 million, Dh1.34 billion in Islamic…
Goldman's Libya Salesman Was a Little Too Good
I used to sell equity derivatives at Goldman Sachs, which puts me in fascinating company. For instance there is Youssef…
Adam Rix to leave Amundi's Middle East operation
Adam Rix, director - third party distribution for the Middle East at European asset management giant Amundi is to leave…
Investing in the next generation: the value of Gulf education
Education at the heart of every growing economy — is proving to be a boon for developers seeking alternatives to…
Dubai's Gulf General Investment aims to renegotiate part of debt plan
Dubai-listed conglomerate Gulf General Investment Co is seeking to restructure loans linked to a 2.8 billion dirham debt plan which…
Yemen’s new central bank governor says inherited ‘bank empty of money’
Yemen’s newly appointed central bank governor said on Thursday he had inherited a bank with no money, a dysfunctional monetary…
Saudi Arabia hands tied as rising rates risk worsening economy woes
Saudi Arabia’s currency peg is forcing the central bank to look beyond rate cuts to spur growth, as a slowdown…