UK Foreign Office says loses $1.3m in Dubai scam
The UK’s foreign office was conned out of $1.3 million (£870,572) after officials fell victim to a major fraud in…
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Oman central bank rejects Bank Muscat's $1.3 bln sukuk plan -source
Bank Muscat, Oman's largest lender, has delayed plans to launch a 500 million rial ($1.3 billion) sukuk programme after the…
Qatar fund's ex-head sticks with EU assets
While most sovereign wealth funds in the Gulf are moving away from European trophy assets, Sheikh Hamad Bin Jassim Bin…
QIA and CapitaLand Work Together to Set up $600m fund
Qatar Investment Authority has entered into a joint venture with Singapore’s CapitaLand Limited’s wholly-owned subsidiary Ascott Serviced Residence(Global) Investment. …
HSBC Unit in the Cross Hairs of Saudi Regulator
HSBC Holdings PLC’s Saudi Arabia unit has come under investigation by regulators in the kingdom for its role in a…
Which economic spheres of Iran attract Turkish investors?
Some countries do not hide their intentions to invest in Iran after the lifting of sanctions imposed on this country.…
The alternative interest-free banking system – how it works
The 2008 sub-prime financial crisis led to protests and criticism on the negative impact of the financial and banking system…
The Middle East loves its gold — but who tops the MENA region?
When it comes to buying gold, there are only two countries that stand out. According to the statistics compiled…
Pistachios, iPhones and flights: How will Iranians benefit from nuclear deal?
After years of negotiations and much speculation, the Iranian nuclear deal has finally been penned. Iranian President Hassan Rouhani…
Structured products getting more popular with UAE expats
In the world of apparel, there are continual and much-publicised trends. And there are also definable trends in investing, too.…
UAB first-half profit up 5%
United Arab Bank, or UAB,on Tuesday said its 2015 first-half net profit rose five per cent to Dh344 million due…
Gulf Bank Posts 20% growth in Net Profit for the First Half 2015.
Gulf Bank has announced a net profit of KD 18.7 million for the first half of 2015, up 20% from…