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Last Updated: Wed, Aug 24 2016 | 2:32 PM |
Abu Dhabi's $101m funding kickstarts construction of Bahrain city
Banking & Finance»

Abu Dhabi's $101m funding kickstarts construction of Bahrain city

Wednesday, 24 August 2016 6:32 PM

Abu Dhabi Fund for Development puts up money for phase 1 land reclamation work for North City

Emirates NBD's Islamic unit said to cut over 100 jobs
Banking & Finance»

Emirates NBD's Islamic unit said to cut over 100 jobs

Wednesday, 24 August 2016 3:27 PM

Sources say Emirates Islamic has made lay-offs as part of cost-cutting plan to adjust to slower economy

Bahrain, Kuwait agree $1bn financing agreements
Banking & Finance»

Bahrain, Kuwait agree $1bn financing agreements

Wednesday, 24 August 2016 2:06 PM

Deals cover plans for housing projects; part of grant provided to Bahrain by Kuwait via the Gulf Development Programme

Banking & Finance»

Video: China's richest man expects Hollywood deals

Wednesday, 24 August 2016 12:52 PM

Wang Jianlin, chairman of real estate and entertainment conglomerate Dalian Wanda Group Co and China's richest man, says he expects to announce two billion-dollar film-related deals this year. David Pollard reports.

SME debt crisis 'hit bottom' and is now improving, says RAKBank chief
Banking & Finance»

SME debt crisis 'hit bottom' and is now improving, says RAKBank chief

Wednesday, 24 August 2016 10:11 AM

Loan growth to remain subdued in 2016, according to RAKBank chief executive Peter England

Qatar buys $622m stake in Empire State Building owner
Banking & Finance»

Qatar buys $622m stake in Empire State Building owner

Wednesday, 24 August 2016 9:08 AM

QIA acquires 9.9% economic and voting interest in the company

China the frontrunners for Abraaj's $1.5bn Pakistan utility stake
Energy»

China the frontrunners for Abraaj's $1.5bn Pakistan utility stake

Wednesday, 24 August 2016 9:07 AM

Dubai-based Abraaj is seeking final bids for its stake by the end of August

UAE's RAKBank sees low single-digit loan growth in 2016
Banking & Finance»

UAE's RAKBank sees low single-digit loan growth in 2016

Tuesday, 23 August 2016 1:47 PM

CEO of National Bank of Ras Al Khaimah says borrowing demand remains muted from SMEs

Saudi gov't selling $5bn of bonds to help cover budget shortfall – report
Politics & Economics»

Saudi gov't selling $5bn of bonds to help cover budget shortfall – report

Tuesday, 23 August 2016 12:16 PM

Government has sold $41.75 billion of bonds in the monthly sales since mid-2015 to help cover a budget deficit caused by low oil prices

Chinese investor group buys Dubai-based Media.net for $900m
Media»

Chinese investor group buys Dubai-based Media.net for $900m

Tuesday, 23 August 2016 8:58 AM

Beijing Miteno Communication Technology said it will now focus on expanding Media.net's presence in China

1
UAE agrees to provide Egypt central bank with $1bn deposit
Politics & Economics»

UAE agrees to provide Egypt central bank with $1bn deposit

Tuesday, 23 August 2016 12:44 AM

Egypt has previously also secured pledges from the UAE and Saudi Arabia for about $4.5bn

Mashreq Capital CEO said to quit after just a month
Banking & Finance»

Mashreq Capital CEO said to quit after just a month

Monday, 22 August 2016 2:19 PM

Aamir Peracha reportedly leaves role at bank's asset management unit

Bahrain inflation rises to 3.5% in July, driven by housing costs
Banking & Finance»

Bahrain inflation rises to 3.5% in July, driven by housing costs

Monday, 22 August 2016 2:09 PM

Latest figures released by statistics office shows housing and utility costs rise 3.8% on annual basis

Bahrain's GFH signs MoU to buy control of Bank Al Khair
Banking & Finance»

Bahrain's GFH signs MoU to buy control of Bank Al Khair

Monday, 22 August 2016 10:46 AM

GFH said if the acquisition went ahead it would a larger financial group with operations in GCC, UK, Malaysia, Turkey, Pakistan and India

Oman invests in Cambridge University research fund
Banking & Finance»

Oman invests in Cambridge University research fund

Sunday, 21 August 2016 2:43 PM

Oman Investment Fund part of group to invest $98 million in healthcare research


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