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Last Updated: Thu, Jun 22 2017 | 3:20 PM |
Dubai's Abraaj said to plan IPO of South African firm
Banking & Finance»

Dubai's Abraaj said to plan IPO of South African firm

Thursday, 22 June 2017 7:20 PM

Sources say initial public offering of Libstar may value the firm at as much as $1bn

UAE bank launches ATM withdrawals via smartphone
Technology»

UAE bank launches ATM withdrawals via smartphone

Thursday, 22 June 2017 2:30 PM

Customers of RAKBANK can now take out money from ATMs without the need of debit or credit card

Bounced cheques in UAE total $7.8bn in first five months of 2017
Banking & Finance»

Bounced cheques in UAE total $7.8bn in first five months of 2017

Wednesday, 21 June 2017 4:42 PM

Dishonoured cheques make up 4.5% of total value of $175bn handled by UAE Clearing Cheque System

Gulf states continue to prepare for VAT in time of crisis
Banking & Finance»

Gulf states continue to prepare for VAT in time of crisis

Wednesday, 21 June 2017 2:08 PM

In case of a prolonged crisis, Qatar would have to replace imports with 'costlier' non-GCC goods

Abu Dhabi exposes $14m car investment fund fraud
Banking & Finance»

Abu Dhabi exposes $14m car investment fund fraud

Wednesday, 21 June 2017 2:07 PM

Attorney General Ali Mohammed Abdullah Al Balushi says he has ordered referral of 54 suspects to criminal court

Dubai job matching portal closes $3m funding round
Banking & Finance»

Dubai job matching portal closes $3m funding round

Tuesday, 20 June 2017 6:58 PM

Bloovo.com, which was launched in Dubai in 2016, says it now has more than 1,850 employers in its database

Bahrain bank exits investment in Bulgarian fertilizer giant
Banking & Finance»

Bahrain bank exits investment in Bulgarian fertilizer giant

Tuesday, 20 June 2017 5:04 PM

First Energy Bank says it has sold 60% stake in Feboran to joint investor Borealis

EFG-Hermes sees MSCI adding Saudi Arabia to watch list
Banking & Finance»

EFG-Hermes sees MSCI adding Saudi Arabia to watch list

Tuesday, 20 June 2017 3:09 PM

Cairo-based broker-dealer says Saudi stock market likely to earn emerging market tag for equities

Abu Dhabi court rules in investor's favour in case against Citi
Banking & Finance»

Abu Dhabi court rules in investor's favour in case against Citi

Tuesday, 20 June 2017 2:37 PM

UAE investor granted permission to pursue 'mismanagement' claims against bank

Barclays, former executives charged over Qatar fundraising
Banking & Finance»

Barclays, former executives charged over Qatar fundraising

Tuesday, 20 June 2017 11:07 AM

Case stems from $410m in fees Barclays paid Qatari investors for a loan as part of a wider $15bn fundraising during the 2008 financial crisis

Qatar wealth fund said to inject dollar deposits in local banks
Banking & Finance»

Qatar wealth fund said to inject dollar deposits in local banks

Tuesday, 20 June 2017 10:43 AM

Qatar Investment Authority has placed billions of dollars of cash with Qatari lenders after some banks in Saudi Arabia, the UAE and Bahrain started withdrawing funds

UAE private wealth to surge to $800bn by 2021
Banking & Finance»

UAE private wealth to surge to $800bn by 2021

Tuesday, 20 June 2017 9:08 AM

Households to grow wealth by average 7.4 percent, says Boston Consulting Group

Goldilocks inks deal to raise Dana Gas stake to 5%
Banking & Finance»

Goldilocks inks deal to raise Dana Gas stake to 5%

Monday, 19 June 2017 7:02 PM

Investment company says it has acquired 350 million shares in Abu Dhabi-listed energy firm

Mubadala says to sell stake in UAE's Tabreed to Engie
Banking & Finance»

Mubadala says to sell stake in UAE's Tabreed to Engie

Monday, 19 June 2017 1:44 PM

UAE fund will retain 42% shareholding in cooling firm under the deal with French energy giant

Revealed: How Saudi Arabia's deficit could rise to 10% of GDP
Politics & Economics»

Revealed: How Saudi Arabia's deficit could rise to 10% of GDP

Sunday, 18 June 2017 2:34 PM

Bank of America Merrill Lynch research says $40 per barrel oil would render country's net fiscal proceeds 'insufficient'


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