UAB chief confident bank will gain from job seekers attracted by UAE growth
United Arab Bank will benefit from a stream of job seekers from other parts of a world still characterised by…
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NBK posts net profits of KD 261.8 mln in 2014
The National Bank of Kuwait during its General Assembly meeting Saturday announced net profits of KD 261.8 million (USD 894.2…
Dubai hedge fund firm adds top UAE tycoon to board
Dalma Capital Management Limited, a Dubai-based hedge fund manager, has announced that high profile business tycoon Mishal Kanoo has been…
UAE banks’ credit growth forecast at 7.8% in 2015
The UAE’s economy is forecasted to witness credit expansion at around 7.8 per cent in 2015, said a leading economist.…
Dubai's luxury house price growth flatlines in 2014
The value of luxury residential property in major Gulf cities grew at the slowest rate in Dubai in 2014, a…
UAE may invest in Pak’s gold, copper projects: Durrani
The UAE has shown interest to invest in Balochistan’s Reko Diq exploration project, one of the world’s largest gold and…
EFG Hermes: How patience turns to profit
The past 12 months have been busy for EFG Hermes. After a period of consolidation and retrenchment in 2013, the…
Qatar takes 3rd position among top 10 nations globally for luxury spending
Qatar, Saudi Arabia and Kuwait rank among the top 10 countries worldwide that is most likely to see strong growth…
UAE banks turn to selfie credit cards and other gimmicks to attract customers
Fawzya Ahmed, an Abu Dhabi-based television presenter, always shied away from credit cards in the past. Then the Islamic lender…
Tight regulation in Qatar ensures stability
With such huge potential yet to be tapped in the financial industry and regional security issues putting Qatar under scrutiny,…
Dubai still favoured by ultra-rich as city to be in
Those luxury properties may not be getting snapped up at the pace they were accustomed to, but Dubai ranks among…
Turkish economy 2nd biggest among Islamic countries
Turkey, whose gross national income was $820 billion in 2013, has now become the second biggest economy among Islamic nations…