Industries » Latest Banking & Finance News

Last Updated: Fri, Jul 29 2016 | 6:19 AM |
Chinese investors said to be keen to raise Dubai property spending
Property»

Chinese investors said to be keen to raise Dubai property spending

Friday, 29 July 2016 10:19 AM

Chinese real estate website chief says UAE has 'the perfect product for Chinese investors' as enquiries increase 40% in H1

Gulf SWFs see worsening creditworthiness during 2016
Politics & Economics»

Gulf SWFs see worsening creditworthiness during 2016

Friday, 29 July 2016 12:03 AM

S&P delivers verdict as Bahrain, Oman, and Saudi Arabia are sets to see average fiscal deficits of 12% of GDP per year in 2016 and 2017

Saudi central bank's foreign assets slump $11bn in June
Banking & Finance»

Saudi central bank's foreign assets slump $11bn in June

Friday, 29 July 2016 12:01 AM

Assets shrink 15.9% from a year earlier to their lowest level since early 2012

Saudi's Kingdom Holding Q2 net profit falls 22%
Banking & Finance»

Saudi's Kingdom Holding Q2 net profit falls 22%

Thursday, 28 July 2016 5:18 PM

Kingdom attributed fall in profit to lower income from associates, JVs and other income sources, in addition to a decrease in dividends income, and a rise in finance charges

UAE's Mubadala set to buy 20% stake in Bahrain's Investcorp
Banking & Finance»

UAE's Mubadala set to buy 20% stake in Bahrain's Investcorp

Thursday, 28 July 2016 2:25 PM

Mubadala will buy 9.99% immediately, and a further 10.01% following the necessary regulatory approvals

UAE should ease spending cutbacks, says IMF
Politics & Economics»

UAE should ease spending cutbacks, says IMF

Thursday, 28 July 2016 1:28 PM

Country is urged by the International Monetary Fund to use large financial reserves to balance the budget

1
India's Sahara dismisses $1.3bn UK-Gulf bid for luxury hotels
Travel & Hospitality»

India's Sahara dismisses $1.3bn UK-Gulf bid for luxury hotels

Thursday, 28 July 2016 1:28 PM

Embattled company describes bid as 'baseless'; says it values prime assets in London, New York under market value

Janoa Investment buys $119m stake in Dubai's Aramex
Banking & Finance»

Janoa Investment buys $119m stake in Dubai's Aramex

Thursday, 28 July 2016 1:27 PM

Deal to buy 99.4 million Aramex shares comes just days after its founder reportedly sold all his shares in the company

Dubai-based Pacific Controls in talks with banks about $381m debt
Technology»

Dubai-based Pacific Controls in talks with banks about $381m debt

Thursday, 28 July 2016 10:53 AM

Set to be the highest-profile example to date of a company receiving assistance from a special mechanism set up by the UAE’s banking federation to help firms struggling to repay debt

NBAD CEO Alex Thursby won't be part of merged banks' leadership
Banking & Finance»

NBAD CEO Alex Thursby won't be part of merged banks' leadership

Thursday, 28 July 2016 9:41 AM

UAE bank NBAD said its expects low single-digit revenue, earnings growth in 2016

Exclusive: DIFC Courts logs $925m of claims in H1, 48% rise
Banking & Finance»

Exclusive: DIFC Courts logs $925m of claims in H1, 48% rise

Thursday, 28 July 2016 9:28 AM

Number and value of cases brought to Dubai’s commercial courts up as economic uncertainty deepens

Kuwait's KIPCO says on track to hit 2016 profit target
Banking & Finance»

Kuwait's KIPCO says on track to hit 2016 profit target

Wednesday, 27 July 2016 4:49 PM

Investment firm Kuwait Projects Co posts 8% rise in second-quarter net profit

Abu Dhabi's largest bank sees 4.8% dip in Q2 net profit
Banking & Finance»

Abu Dhabi's largest bank sees 4.8% dip in Q2 net profit

Wednesday, 27 July 2016 3:22 PM

National Bank of Abu Dhabi reports net profit of $375m during quarter, ahead of planned merger with First Gulf Bank

IMF says UAE's property loans improving despite price declines
Banking & Finance»

IMF says UAE's property loans improving despite price declines

Wednesday, 27 July 2016 2:10 PM

International Monetary Fund says loan quality rise is sign that UAE is coping better with property downturn than 7 years ago

Saudi, UK consortium launches $1.3bn bid for Grosvenor House and Plaza hotels
Travel & Hospitality»

Saudi, UK consortium launches $1.3bn bid for Grosvenor House and Plaza hotels

Wednesday, 27 July 2016 10:34 AM

UK family office 3 Associates and Saudi family that runs a private wealth fund in Dubai launch rival bid for Sahara's hospitality empire


14480 results found
Most Popular
Don't miss

In pictures: Sheikh Mohammed launches Saruq Al Hadid Museum at Al Shindagha

Sheikh Mohammed launched the new museum in Bur Dubai, which displays thousands of golden, bronze...

Gulf buyers said to re-enter UK property market after Brexit

Gulf buyers said to re-enter UK property market after Brexit

Real estate advisor Savills says UK's decision to leave the EU has tempted Middle East investors...

New 2030 plan to inject $44bn into Dubai economy

New 2030 plan to inject $44bn into Dubai economy

Aircraft spare part manufacturing, boat building and pharmaceuticals are all part of Dubai...

Revealed: Middle East's 100 most influential people in construction industry

Revealed: Middle East's 100 most influential people in construction industry

Construction Week’s Power 100 annual ranking of the most influential people in the middle east...

7 looks from Instagram’s Arab fashionistas

From Nancy Ajram to Huda Kattan, Arab ladies show off their style

Revealed: 12 GCC projects due for completion in 2016

A number of high profile and impressive projects are set to come to fruition across in the...

Abu Dhabi merger to create $175bn banking heavyweight

Abu Dhabi merger to create $175bn banking heavyweight

State investment funds Abu Dhabi Investment Council and Mubadala will hold 33.2 percent and...

The most stylish Arab women

From celebrities to fashion bloggers

Qatar's $42.5bn UK investments will hopefully rise, says PM Cameron

Qatar's $42.5bn UK investments will hopefully rise, says PM Cameron

Prime Minister says that he is confident economic cooperation between Qatar and the UK can...

Most Discussed
sponsoredTracking