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Last Updated: Mon, Aug 31 2015 | 2:07 PM |
Saudi Al Tayyar founder 'to retain stake' despite resignation
Banking & Finance»

Saudi Al Tayyar founder 'to retain stake' despite resignation

Monday, 31 August 2015 5:24 PM

Nasser bin Aqeel al-Tayyar will step down as vice chairman and managing director of the firm on Sept 1

Dubai gold retailer defaults on $136m, banks consider options
Banking & Finance»

Dubai gold retailer defaults on $136m, banks consider options

Monday, 31 August 2015 3:44 PM

Update: non-payment by Atlas Jewellery, which has more than 50 branches across the Gulf and in India, said to affect at least 15 banks

UAE residents to get access to credit report by Q4
Banking & Finance»

UAE residents to get access to credit report by Q4

Monday, 31 August 2015 1:50 PM

Al Etihad Credit Bureau CEO says almost all banks are now using date from credit bureau

Dubai Atlas Jewellery owner reportedly detained over outstanding debts
Retail»

Dubai Atlas Jewellery owner reportedly detained over outstanding debts

Monday, 31 August 2015 11:42 AM

Numerous banks lodged complaints with Dubai Police over bounced cheques

2
Spanish retailer ousts rebel shareholder who objected to $1bn Qatari deal
Retail»

Spanish retailer ousts rebel shareholder who objected to $1bn Qatari deal

Monday, 31 August 2015 9:44 AM

El Corte Ingles minority shareholder Corporacion Ceslar has been in a row over former Qatari prime minister Sheikh Hamad Bin Jassim Bin Jaber Al Thani's purchase of a 10% stake

GFH Financial says returns $53 million to investors
Banking & Finance»

GFH Financial says returns $53 million to investors

Sunday, 30 August 2015 5:59 PM

Bahrain-based firm reports dividends from investments in US, Bahrain, UAE and India

UAE's GEMS Education refinances $818m loan at better terms
Education»

UAE's GEMS Education refinances $818m loan at better terms

Sunday, 30 August 2015 5:42 PM

Joins a number of UAE firms using plentiful liquidity in the local banking system to enhance borrowing terms.

UAE investors expect market to grow over next 12mths – survey
Banking & Finance»

UAE investors expect market to grow over next 12mths – survey

Sunday, 30 August 2015 4:15 PM

Organisers of Cityscape Global claim property investors expect the UAE market to grow, contrary to analysts’ predictions

1
Bahrain's Investcorp says 2014-15 net income rises 13%
Banking & Finance»

Bahrain's Investcorp says 2014-15 net income rises 13%

Sunday, 30 August 2015 11:27 AM

Acquisitions this year include a US school provider, $300m worth of residential properties & a majority stake in a Turkish vehicle tracking system.

Dubai's Abraaj inks deal to exit stake in Peru's Condor Travel
Banking & Finance»

Dubai's Abraaj inks deal to exit stake in Peru's Condor Travel

Saturday, 29 August 2015 10:04 AM

Company says it has signed an agreement with Carlyle Group; marks first secondary private equity sale in Peru

MidEast firms look to cut costs, seek new markets in Q2
Banking & Finance»

MidEast firms look to cut costs, seek new markets in Q2

Saturday, 29 August 2015 10:04 AM

Business confidence in region falls in second quarter but not as quickly as it fell in first three months of 2015 - survey

UAE's VAT plan 'unlikely to result in expat exodus'
Banking & Finance»

UAE's VAT plan 'unlikely to result in expat exodus'

Saturday, 29 August 2015 12:48 AM

Links Group says move is sign of maturing market and is unlikey to deter foreign investors from setting up shop in the UAE

10
Alitalia 'revitalised' after Etihad investment, says Hogan
Banking & Finance»

Alitalia 'revitalised' after Etihad investment, says Hogan

Friday, 28 August 2015 9:03 AM

Abu Dhabi airline chief confirms plan for Italy's national carrier to break-even in 2016 and see profits in 2017

Optimism among MidEast CFOs slumps as cheap oil bites
Politics & Economics»

Optimism among MidEast CFOs slumps as cheap oil bites

Friday, 28 August 2015 9:03 AM

Deloitte study shows just 26% of finance chiefs reporting positive prospects compared to 47% before oil price declines

Dubai residents snub home insurance cover despite fire risk
Banking & Finance»

Dubai residents snub home insurance cover despite fire risk

Friday, 28 August 2015 1:10 AM

New survey reveals more than 60% of residents living in the emirate do not have home insurance


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