Affluent Investors Bet on Tech, Energy for 2015
Affluent investors are optimistic going into the new year, according Morgan Stanley Wealth Management’s semiannual Investor Pulse Poll, released Monday.…
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Latest ADIB real estate report shows growth for Dubai real estate market
The latest quarterly report issued by the real estate consultancy arm of Abu Dhabi Islamic Bank (ADIB) - MPM Properties…
Retail-focused Rakbank doubles down on loan growth
Rakbank expects its loan book to have grown at twice the rate of its peers last year, helped by higher-yielding…
Dubai Islamic Bank Q4 2014 net profit rises 64.1 pct
Dubai Islamic Bank, the United Arab Emirates' largest sharia-compliant lender, posted a 64.1 percent increase in fourth-quarter net profit on…
Ex-Damac senior exec to head new UAE real estate firm
A new real estate company has been launched in the UAE, with plans to build a property portfolio of AED500…
Bank Nizwa receives British Authorities to discuss Islamic banking
Bank Nizwa, Oman’s first Islamic bank, recently hosted the Right Honorable Alderman Alan Yarrow, Lord Mayor of London, at its…
Abu Dhabi Commercial Bank Q4 Net Profit Jumps 29%
The bank made a net profit of Dhs1.02 billion in the fourth quarter of 2014, it said in a statement.…
Gulf Banks Flourish In 2014 On Strong Economic Growth
Gulf banks have recorded much improved net profit numbers in 2014 driven by higher loan growth, increased non-interest income and…
UAE Insolvency Law: Priority for business growth
New legislation rumoured to address financial deregulation, preventative composition of bankruptcy and bankruptcy. Towards the end of last year,…
Dubai’s Deyaar Q4 Net Profit Falls 43%
The company's 2014 annual profit was Dhs231.7 million, up from Dhs154.5 million in 2013. Dubai’s Deyaar Development fourth-quarter profit…
Bank Leumi hit by lawsuit from shareholders over U.S. tax settlement
Shareholders in Israel's Bank Leumi are seeking to file a class action lawsuit worth about 475 million shekels against the…
Opportune time for corporates to issue sukuks in UAE
Falling oil prices may prompt governments to reduce their deposits in banks, thereby crimping liquidity in the system. Corporates…