Riyals take wings: With $44bn remittances, KSA leads Gulf states
Foreigners working in the Gulf states sent home more than $100 billion in remittances last year, an economic report showed…
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FGB set to raise $3 billion euro-commercial paper
First Gulf Bank, or FGB, is set to raise a $3 billion euro-commercial paper programme. The lender has received…
UAE firms on ‘best-performing’ list
Led by telecom giant etisalat, 40 publicly-listed companies in the UAE, accounting for a combined net profit estimated at $16.7…
Finance Minister urges support for IDB projects
The Minister of Finance H E Ali Shareef Al Emadi yesterday urged member states to support Islamic Development Bank’s (IDB)…
Experts see positive outlook for Saudi banks
After several years of stabilizing asset quality,declining credit losses, and improving returns,banks in the Gulf are navigating rougher waters,Standard &…
Sovereign wealth funds turn to internal fund management -Invesco
Sovereign wealth funds are relying more on in-house expertise to manage their funds in a drive to bring down costs…
United Finance hires KPMG as financial advisor
Oman's United Finance has hired KPMG to provide financial advisory services for proposed acquisitions of the company by National Bank…
Offshore accounts of UAE expats: All you need to know
The word offshore banking often evokes quite a number of unsavoury connotations. It’s associated with tax evasion, money laundering and…
Societe Generale wins first Tier 1 bond mandate
Societe Generale has been awarded its first Tier 1 bond mandate in the Middle East in which it acted as…
QInvest Awarded Best Investment Bank in Qatar for the Fourth Consecutive Year by Euromoney
QInvest has announced that it was named Best Investment Bank in Qatar at the Euromoney Awards for Excellence 2015. ha…
Path Solutions hits double top at The Asset Triple A Islamic Finance Awards 2015
Path Solutions has announced that it has received two awards at The Asset Triple A Islamic Finance Awards 2015. The…
Mezzan Holding debuts on the Kuwait Stock Exchange
Mezzan Holding, one of the largest manufacturers and distributors of food, beverage, FMCG, and pharmaceutical products in the Gulf, today…