Latest Markets News

Last Updated: Tue, Apr 25 2017 | 9:01 AM |
UAE-listed banks report over $2bn in Q1 net profit
Banking & Finance»

UAE-listed banks report over $2bn in Q1 net profit

Tuesday, 25 April 2017 1:01 PM

First Abu Dhabi Bank tops list with AED2.92bn in profits

First Abu Dhabi Bank name gets shareholder approval
Banking & Finance»

First Abu Dhabi Bank name gets shareholder approval

Tuesday, 25 April 2017 10:37 AM

New name still needs approval of UAE Central Bank and SCA

MidEast set to lead the race in space mining
Technology»

MidEast set to lead the race in space mining

Monday, 24 April 2017 2:01 PM

Most resources would be processed and used in space although it may be economic to ship some commodities, such as platinum, back to Earth

Euro surges as France's Macron set for presidential win
Currencies»

Euro surges as France's Macron set for presidential win

Monday, 24 April 2017 10:34 AM

Investors globally had been watching the vote fearing that could lead to a win for the anti-European Le Pen and put the future of the bloc in doubt

Saudi construction giant lists $500m sukuk on Nasdaq Dubai
Markets»

Saudi construction giant lists $500m sukuk on Nasdaq Dubai

Wednesday, 19 April 2017 2:53 PM

Chairman of Dar Al-Arkan rings the market opening bell to celebrate latest listing on Dubai exchange

Dubai's Emirates NBD Q1 profit up 4% to $509m
Banking & Finance»

Dubai's Emirates NBD Q1 profit up 4% to $509m

Wednesday, 19 April 2017 11:27 AM

Bank expects UAE economic growth to improve to 3.4% in 2017

Emaar Malls approves 10% cash dividend, equivalent to $354m
Retail»

Emaar Malls approves 10% cash dividend, equivalent to $354m

Tuesday, 18 April 2017 9:01 PM

Shopping malls and retail business of Emaar Properties says assets welcomed 125m visitors last year

Citigroup said to appoint female CEO to lead Saudi return
Banking & Finance»

Citigroup said to appoint female CEO to lead Saudi return

Tuesday, 18 April 2017 9:33 AM

Citigroup is looking to rebuild its Saudi business more than 10 years after losing a key banking license in the kingdom

Emaar declares 15% cash dividend, equivalent to $292m
Banking & Finance»

Emaar declares 15% cash dividend, equivalent to $292m

Monday, 17 April 2017 9:04 PM

Developer announces distribution to shareholders after posting net profit of more than AED5bn in 2016

Kuwait politician blames foreigners as GCC austerity sets in
Politics & Economics»

Kuwait politician blames foreigners as GCC austerity sets in

Thursday, 13 April 2017 10:23 AM

The angst against non-citizen workers that is sweeping the globe isn’t skipping the region

2
Saudi Arabia's debut Islamic bond sale gets $17.5bn orders
Banking & Finance»

Saudi Arabia's debut Islamic bond sale gets $17.5bn orders

Wednesday, 12 April 2017 11:22 AM

Saudi Arabia has been hit by a drop in oil prices, prompting the kingdom to cut spending, raise debt

Abu Dhabi's Mubadala raises $1.5bn ahead of IPIC merger
Banking & Finance»

Abu Dhabi's Mubadala raises $1.5bn ahead of IPIC merger

Wednesday, 12 April 2017 11:21 AM

The merged entity, which will be known as Mubadala Investment Co, will have combined assets of $125 billion

'Developers want to be part of the Holy cities' success story' - Marriott MidEast boss
Travel & Hospitality»

'Developers want to be part of the Holy cities' success story' - Marriott MidEast boss

Wednesday, 12 April 2017 10:44 AM

Alex Kyriakidis says Saudi Arabia’s tourism drive is attracting hoteliers, developers keen to take advantage of pent up demand

Gulf's $24bn bond bonanza meets cash need in cheap oil era
Bonds»

Gulf's $24bn bond bonanza meets cash need in cheap oil era

Sunday, 9 April 2017 10:58 AM

Middle East international bond sales are off to the strongest ever start to a year, according to Bloomberg data

Gulf IPO activity falls to lowest level for six years
Markets»

Gulf IPO activity falls to lowest level for six years

Friday, 7 April 2017 10:10 AM

PwC says investors' sentiment continues to be affected by geopolitical uncertainty, additional austerity measures


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