The rise and fall of UAE tycoon named in billion-dollar US suits
The rise and fall of Abu Dhabi tycoon Khadem al-Qubaisi, named this week in US Justice Department lawsuits seeking to…
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Emirates Islamic Announces H1 2016 Results
Emirates Islamic has delivered strong results for the period ending June 30, 2016, reporting net profit for H1 2016 at…
Qatar Re recruits trio from Zurich Insurance
Bermudian-headquartered Qatar Re has strengthened its Dubai team with three appointments. All three are former employees of the Zurich…
Understanding blockchain and its growing importance in the UAE
There’s one rule when interviewing futurist and the founder of Keynote Events Moe Levin on financial tech fintech and the…
Why many UAE expats can’t afford to buy property
With apartment and villa sale prices dropping steadily and many expatriates residing in the UAE for more than five years,…
Novus, SuMi Trust Launch $200m Aircraft Leasing Fund
Sumitomo Mitsui Trust Bank ,one of Japan’s top financial institutions, and Novus Aviation Capital, a leading global aircraft leasing platform,…
Abu Dhabi Wealth Fund Says Long Term Investment Gains Fell
The Abu Dhabi Investment Authority, one of the world’s biggest sovereign wealth funds, said its long-term gains dropped in 2015.…
Middle East Stocks Mixed, Qatar and Saudi Arabia Weighed by Disappointing Corporate Results
MidEast shares were mixed, with Qatar and Saudi Arabia weighed by disappointing earnings. Egypt was pressured by a drop in…
Ahlibank earns net profit of QR332.7mn in 1st half
Ahlibank has earned a net profit of QR332.7mn during the first half of this year, “maintaining its underlying performance” against…
Financial regulators shut down currency scheme in Dubai
Financial regulators have shut down a foreign exchange trading scheme in Dubai that promised investors they could more than double…
World economic downturn spares Middle East and North Africa for now
In the International Monetary Fund’s monthly World Economic Outlook, the global growth forecast for 2016 was cut down to 3.1%,…
Qatar has edge in European hotel acquisitions
Qatar’s cash reserves, coupled with its relatively relaxed interpretation of Islamic law, known as Sharia, is combining to make it…