Bank Sohar, Bank Dhofar merger update, due diligence commenced
The statements said that, “Further to the update provided on 29 October 2015… The consultants appointed for legal and financial…
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Abu Dhabi to withdraw billions from ADIA to meet deficit, Fitch says
The assets of the Abu Dhabi Investment Authority will probably shrink by billions of dollars by the end of this…
Oil Prices Could Jump 50% by the End of 2016
Oil bulls distressed that last week’s rally fizzled can find some comfort in forecasts for a bigger and longer rebound…
Middle Eastern business leaders highlight business opportunities in the region
Middle Eastern business trends, innovation and entrepreneurship were the topics discussed by two of the region's most savvy business leaders,…
Barclays Israel again questioned on tax evasion
Barclays Israel CEO Leonard Rosen was summoned back for additional questioning by the Israel Tax Authority, following the testimony he…
SME confidence hits new low but maintains a cautiously optimistic outlook for 2016
Gulf Finance Corporation has announced the results of their Q4 2015 Gulf Finance SME Sentiment Survey. Q4 2015 Highlights:…
Ziraat Bank Azerbaijan announces full management and shareholder staff
A subsidiary of Turkish Ziraat Bank in Azerbaijan - Ziraat Bank Azerbaijan has announced the full management and shareholder staff.…
UAE shares record second consecutive weekly gain as oil strengthens
UAE shares rose for the second consecutive week as oil strengthened on the possibility of an emergency Opec meeting. …
Bonus reviews for UAE compliance sector
Many factors affected last year’s bonus payments including company performance, employees’ performance in relation to agreed targets, superiors’ notes and…
KHCB reports 109.8% increase in net profits over 2014
Khaleeji Commercial Bank announced its financial results for the year ended 31 December 2015 recording net profit of BD 8…
Qatar central bank cancels monthly T-bill auction
The Qatari central bank said it had cancelled its monthly sale of Treasury bills on Tuesday. The central…
Regulator wants orders blocking Dubai Bank liquidation lifted
Dubai Bank had been put under receivership over liquidity and capital deficiencies, but the High Court ruled that the process…