GCC states must cut spending further, impose VAT to cope with low oil – IMF
Gulf Cooperation Council countries must reduce state spending even further and implement taxes to cope with the period of low…
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Sovereign Wealth Funds May Sell $404 Billion of Equities
Sovereign wealth funds may withdraw $404.3 billion from global stock markets this year if crude prices stay between $30 to…
Swicorp to host M&A Forum in Dubai
Swicorp, a leading investment banking, asset management and private equity firm in partnership with M&A International, announced today that it…
Opportunities for investors in volatile bear market: QFB CEO
In volatile bear market conditions, investment opportunities can surface at attractive valuations, offering options that investors can capitalise on and…
BNP Joins Schroder Taking Indonesia's Islamic Stock Funds Global
BNP Paribas SA, Manulife Asset Management and Schroder Investment Management Ltd. have set up global Islamic stock funds in Indonesia,…
Swiss Affiliate Bank in Middle East Responsible for Financial Mis-selling Fails to Comply With Court Ruling
One of two defendants in the biggest ever financial mis-selling case in the GCC region, Bank Sarasin-Alpen (ME) Limited, the…
Mercer ME 2016 Quality of Living Survey Ranks Dubai as Best City for Expats in Middle East and Africa
For the fourth time in a row, Dubai has been ranked as the top Middle Eastern city for expatriate living,…
BisB reports $29m net profit, up 20pc
Bahrain Islamic Bank has reported a net profit of Dh11.2 million $29.7 million for last year, compared to BD9.3 million…
A pioneering spirit
1. What were the beginnings of what became the Euris Group? Five years ago, we had an idea to…
Ahli United Bank posts 11.1 pct rise in Q4 net profit
Ahli United Bank (AUB), Bahrain's largest lender, posted an 11.1 percent increase in its fourth-quarter net attributable profit on Tuesday.…
Standard Chartered slides into the red
Standard Chartered said it incurred a full-year loss last year after the price of some commodities fell to multi-decade lows.…
Forum in Dubai contributes significantly to regional franchising market’s growth
The premier franchise event in the Middle East, the World Franchise Forum and Exhibition 2016, was held recently in Dubai…