UBS Eyes Middle East Investments Beyond Oil and Gas
The Middle East is well placed to diversify its economy away from oil and gas, with growth potential in numerous…
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Saudi Arabia's Bank Al Bilad prices 2 bln riyal sukuk issue
Saudi Arabia's Bank Al Bilad priced an Islamic bond issue worth 2 billion riyals ($533 million) at 200 basis points…
SMEs still unwilling to expand and hire staff despite improved optimism
The tide is turning for small and medium-sized enterprises as banks lend them more money and business confidence heals, according…
Qatar's Royal Family in exploratory talks with Centrum
The Royal Family of Qatar, promoters of Doha Bank, one of the largest commercial banks of Qatar, is in exploratory…
Saudi foreign assets drop by $6bn in July
Official data show the foreign assets of the kingdom fell to $555 billion in July, down $6 billion from the…
UAE policies help weather challenges
The world has experienced a series of market traumas since the financial meltdown of 2008 — over the past year…
OMD managing director Nadim Samara promoted to UAE CEO
The managing director of OMD UAE and Lower Gulf Nadim Samara has been promoted to the newly created role of…
French environment minister announces partnerships in Iran
France's environment minister signed Sunday a plan for French firms to help tackle Iran's environmental problems, but criticised the refusal…
Lebanon: Remittances in decline but holding steady this year
Lebanon’s economy is not in good health, as its main constituents are under pressure. The tourism and real estate sectors…
Etisalat launches mobile wallet service in the UAE
Telecom operator etisalat has announced the launch of its mobile phone-based commerce service — etisalat Wallet — in the UAE.…
Mashreq strengthens leadership team with new Head of Asset Management Business
The UAE’s leading financial institution, Mashreq, announced that Christophe Pella has been named Head of its Asset Management unit and…
Leading Arab banks to participate in SWIFT's annual global financial services event
SWIFT, a member-owned cooperative and global provider of secure financial messaging services, announces today that more than 200 delegates and…