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Last Updated: Sun, Aug 2 2015 | 11:53 AM |
Saudi central bank curbs credit card cash withdrawals
Banking & Finance»

Saudi central bank curbs credit card cash withdrawals

Sunday, 2 August 2015 3:53 PM

Official ceiling of 30% has been imposed according to regulations posted on the central bank's website

Banking & Finance»

Head of failed bitcoin company arrested in Japan

Sunday, 2 August 2015 12:18 PM

It was once the world's biggest exchange company for the virtual Bitcoin currency. Now Mount Gox is arrested under accusation of accessing the company's computer system in 2013 and inflating a cash account by more than 900,000 euros.

Saudi's Kingdom Holding Q2 profit rises 13%
Banking & Finance»

Saudi's Kingdom Holding Q2 profit rises 13%

Sunday, 2 August 2015 10:08 AM

Kingdom made a net profit of $63.6 million in the three months to June 30

UAE investors ink deal for $204m Egyptian resort project
Travel & Hospitality»

UAE investors ink deal for $204m Egyptian resort project

Sunday, 2 August 2015 9:45 AM

Global Sphere signs contract to build five-star resort in El Alamein; to feature about 500 rooms

Saudi royal invests in private jets smartphone app
Banking & Finance»

Saudi royal invests in private jets smartphone app

Friday, 31 July 2015 9:05 AM

Prince Abdullah bin Bandar bin Abdullaziz Al Saud backs JetSmarter which aims to make private jets more accessible to travellers

GFH Capital to buy 80% stake in Dubai private school
Banking & Finance»

GFH Capital to buy 80% stake in Dubai private school

Friday, 31 July 2015 9:05 AM

Invesment company says education sector is ripe for growth amid rising demand for world-class facilities

Why Xanyar Kamangar's Iran gamble is about to pay off
Banking & Finance»

Why Xanyar Kamangar's Iran gamble is about to pay off

Friday, 31 July 2015 1:25 AM

Xanyar Kamangar made the bet of his life by giving up a well-paid job in London to set up a finance house to facilitate investment into Iran. Now that the nuclear deal has been signed, Griffon Capital may well be best placed to reap the rewards

UAE's Q2 consumer confidence slips by most in six years
Banking & Finance»

UAE's Q2 consumer confidence slips by most in six years

Friday, 31 July 2015 1:17 AM

New Nielsen survey sees UAE retain title of Middle East's most optimistic nations but falls by seven points since Q1

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Saudi's Mobily restates profits over last 27 months, cutting $470m
Banking & Finance»

Saudi's Mobily restates profits over last 27 months, cutting $470m

Thursday, 30 July 2015 7:28 PM

Troubled telecom operator slashes total profits in latest attempt to resolve accounting scandal

NBAD sees government deposit outflow easing after $10bn H1 exit
Banking & Finance»

NBAD sees government deposit outflow easing after $10bn H1 exit

Thursday, 30 July 2015 10:00 AM

Major dollar liquidity squeeze in the UAE and the region due to lower oil sales and dollars moving to different markets, says CEO Alex Thursby

UAE's largest lender posts 1% rise in Q2 net profit
Banking & Finance»

UAE's largest lender posts 1% rise in Q2 net profit

Wednesday, 29 July 2015 5:14 PM

National Bank of Abu Dhabi makes net profit of $395m in the three months to June 30

Dubai regulator fines Arqaam over money laundering rules
Banking & Finance»

Dubai regulator fines Arqaam over money laundering rules

Wednesday, 29 July 2015 3:33 PM

Dubai-based investment bank is fined $50,000 after investigation into anti-money laundering rules

UAE credit growth expected around 2% in 2015 - Mashreq CEO
Banking & Finance»

UAE credit growth expected around 2% in 2015 - Mashreq CEO

Wednesday, 29 July 2015 1:58 PM

Abdul Aziz al-Ghurair also forecasts that UAE banking sector will see profits rise to about 10% this year

Bahrain's Mumtalakat says seeking aviation acquisitions
Banking & Finance»

Bahrain's Mumtalakat says seeking aviation acquisitions

Wednesday, 29 July 2015 1:57 PM

Bahrain's sovereign wealth fund to create dedicated aviation company, says CEO

Dubai Islamic Bank Q2 net profit jumps 35%
Banking & Finance»

Dubai Islamic Bank Q2 net profit jumps 35%

Wednesday, 29 July 2015 12:19 PM

Bank made $246 million in the three months to June 30


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Most Discussed
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    The UAE: On the road to economic development

    I understand and agree with the economic reasons for this move. They are logical. But bringing the environmental benefits into this isn't justified when... more

    Sunday, 2 August 2015 7:48 PM - Dubai2020