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Last Updated: Sun, Jan 22 2017 | 1:45 PM |
Dubai's SKAI to repay $300m loan before maturity, says CEO
Property»

Dubai's SKAI to repay $300m loan before maturity, says CEO

Sunday, 22 January 2017 4:12 PM

Mulchandani said company has already paid 30% of loan taken for its two Dubai projects

Dubai's economic department fines 25 'illegal' money transfer firms
Banking & Finance»

Dubai's economic department fines 25 'illegal' money transfer firms

Sunday, 22 January 2017 2:33 PM

Unauthorised firms were transferring money to Bangladesh, says DED official

MidEast business confidence hit by lower oil prices in Q4
Politics & Economics»

MidEast business confidence hit by lower oil prices in Q4

Sunday, 22 January 2017 2:11 PM

New survey says Saudi Arabia has been impacted most amid sharp declines in export and fiscal revenues

Careem founders say targeting IPO within three years
Transport»

Careem founders say targeting IPO within three years

Sunday, 22 January 2017 2:11 PM

Company wants to become region’s ‘biggest mover of people and things’

Saudi ATMs 'will take six months' to accept new banknotes
Banking & Finance»

Saudi ATMs 'will take six months' to accept new banknotes

Sunday, 22 January 2017 2:10 PM

Sixth edition Saudi currency entered circulation on December 26

SABIC to acquire remaining stake in Saudi JV with Shell for $820m
Energy»

SABIC to acquire remaining stake in Saudi JV with Shell for $820m

Sunday, 22 January 2017 12:25 PM

The agreement which is expected to be complete before the end of this year is subject to regulatory measures, SABIC said

Abu Dhabi creates $125bn fund by merging Mubadala, IPIC
Banking & Finance»

Abu Dhabi creates $125bn fund by merging Mubadala, IPIC

Saturday, 21 January 2017 10:20 PM

Mubadala Investment Co will be run by CEO Khaldoon al-Mubarak; a board has also been appointed

DIFC Authority hires ex-Emaar Malls exec as new CFO
Banking & Finance»

DIFC Authority hires ex-Emaar Malls exec as new CFO

Saturday, 21 January 2017 11:12 AM

Body overseeing Dubai International Financial Centre appoints Yazan Mohamad Al Nasser as chief financial officer

Is Africa's investment dream still on track?
Politics & Economics»

Is Africa's investment dream still on track?

Saturday, 21 January 2017 1:33 AM

It was the new bright spot for global investors, but widespread falling GDP growth and decreased commodity prices has meant Africa's dream of attracting billions of dollars of investment from the GCC is taking longer to realise than anticipated. But ahead of the Arabian Business Africa Forum, stakeholders argue serious returns are there to be made

Dubai Chamber sees 16,800 new members in 2016
Politics & Economics»

Dubai Chamber sees 16,800 new members in 2016

Saturday, 21 January 2017 1:27 AM

Total value of members’ exports and re-exports amounted to $74.3bn last year, with Saudi the biggest customer

CEO of Dubai's Abraaj says Africa is key to investment plan
Banking & Finance»

CEO of Dubai's Abraaj says Africa is key to investment plan

Saturday, 21 January 2017 1:25 AM

Arif Naqvi says investment firm is betting on Africa's rising middle class consuming more goods

Sukuk market will remain subdued in 2017, says S&P
Banking & Finance»

Sukuk market will remain subdued in 2017, says S&P

Friday, 20 January 2017 1:29 AM

Ratings agency says global sukuk issuance fell short of market expectations last year

Saudi's Kingdom Holding posts 6% rise in Q4 net profit
Banking & Finance»

Saudi's Kingdom Holding posts 6% rise in Q4 net profit

Thursday, 19 January 2017 4:29 PM

Investment firm owned by billionaire Prince Alwaleed bin Talal says earnings boosted by rise in hotel revenue

UAE launches $50m fund for Caribbean clean energy projects
Energy»

UAE launches $50m fund for Caribbean clean energy projects

Thursday, 19 January 2017 1:57 PM

UAE-Caribbean Renewable Energy Fund represents one of the largest-ever single investments in the region

Saudi Arabia set to debate 6% levy on expat remittances
Politics & Economics»

Saudi Arabia set to debate 6% levy on expat remittances

Thursday, 19 January 2017 1:57 PM

Shoura Council member claims move is a response to rising levels of remittances in Gulf kingdom


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