One in five of Dubai's prime properties said to lie empty
As much as one-fifth of Dubai’s prime properties lie empty for most of the year, according to property experts. …
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Number of high net worth individuals grows 300% in Qatar
The number of high net worth in Qatar has grown by 300 percent since 2000, according to a report. …
DIFC welcomes Scottish Government delegation
Headed by Humza Yousaf, Scotland Minister for External Affairs and International Development, the delegation’s visit to DIFC was aimed at…
Apollo Global Management plans to expand into Mideast via Dubai joint venture: Sources
Apollo Global Management is in talks to expand its business into the Middle East for the first time through a…
Al Hilal Takaful, Euler Hermes sign distribution deal
Al Hilal Takaful, the takaful insurance subsidiary of Al Hilal Bank, has signed a distribution agreement in Abu Dhabi, UAE,…
Emirates NBD Egypt Announces Strong 2014 Financial Results
Emirates NBD Egypt has announced its financial results for the year ending in December 2014, revealing a strong set of…
Investment law for 100% foreign ownership in final phase
Juma Al Kait, assistant undersecretary for foreign trade affairs, ministry of economy said the new law will help the country…
Iran Accord Gives Hope to World’s Largest Islamic Banking System
Few people likely are counting on a successful conclusion to Iran’s nuclear agreement more than the country’s bankers. Sanctions…
Mobile wallets are the future
Middle East retail banks need to embrace future trends across technology, customers, competition and macro-economics. This was echoed by…
The American banker at the heart of the Middle East's biggest financial scandal says he was treated like a slave
American banker Glenn Stewart amassed a fortune as “chief house slave” for one of Saudi Arabia’s billionaire Gosaibi family for…
Saudi's Riyad Bank Q1 net profit rises 8.6 percent
Riyad Bank, Saudi Arabia's third-largest listed lender by assets, posted an 8.6 percent increase in its first-quarter net profit on…
Arab billionaires' wealth hits $155bn
Despite plunging oil prices, the number of billionaires in the Arab world rose to 49 this year - four more…