Aabar Investments initiates a process to turn the company private
Aabar Investments board of directors signed off on the plan to turn the company private at a meeting on Thursday. In another meeting,...
Middle East banking industry registered 6.9% increase in 2012, says study
According to a new study by The Boston Consulting Group (BCG), the banking industry in the Middle East settled at single digit revenue growth...
USD May Turn Bullish Today
Following yesterday's losses, the US dollar has the potential to stage a bullish correction today providing that this week's Unemployment Claims figure comes in...
UAE financial markets to close on Thursday
Securities and Commodities Authority(SCA) has announced that the financial markets nationwide will close on Thursday, Nov. 15, and resume transactions on Sunday, Nov. 18,...
Abu Dhabi will host a World Bank office
The Executive Committee of Abu Dhabi Executive Council in its meeting yesterday approved to host the World Bank's office in Abu Dhabi for a...
Gulf banks face ‘Skills Shortage’ amid growing demand for financial services
Findings Indicate Gulf Banks Will Focus on Small- and Medium-Sized Businesses, Youth and Women
Hedge Funds Launches Accelerate
Liquidations also increase to two-year high through European market turmoil
Opportunities for industry service providers continue to evolve
New hedge funds launches in 1Q12 increased to...
2017 Sees a Record High Number of IPOs in GCC
A surge in number of floats in the GCC following the launch of the Parallel Market in Saudi Arabia creating a new platform for...
Foreign Investment Office releases special report: Dubai – The FDI...
The final report finds that more than 80% of Middle East investors plan to maintain or increase investments in Dubai
The final report “Dubai –...
UBS appoints Ali Janoudi to Middle East and North African role
UBS today announces the appointment of Ali Janoudi, who will be responsible for the Saudi Arabia and Near East/Northern Africa Wealth Management business in...
ADNEC Group to Organise Bitcoin MENA Conference 2024 in Abu Dhabi
ADNEC Group has announced the launch of the region's first Bitcoin MENA Conference 2024 set to take place December 9-10th in the heart of Abu Dhabi...
Banking sector- the most targeted for cybercrime in UAE
Cyber-attacks have mostly targeted the banking sector, including the ATM and Internet banking applications, in the UAE, a report published in the January issue...
Number of Bitcoin ATMs Up 70% in a Year, Hit Over...
Recent years have witnessed an impressive growth of the cryptocurrency market, followed by a surge in the number of people trading with bitcoin, as...
Emirates NBD launches online customer care platform
Provides dedicated webpage on bank website to channel customer feedback and enquiries
New service to expedite review...
Precious metals off to big start in 2014
Gold had its biggest day in three weeks on Thursday, up 1.8% to $1,224 per ounce. Silver was also higher by 3.3%, with optimism...
New Hedge Fund Launches Fall
Launches lowest since 2010, highest liquidations since 2009
Top performers lead decile dispersion to highest level in four years
New hedge fund launches declined to their...
Punjab National Bank Granted License to Operate from DIFC
DIFC is Strategic Base for Bank's Middle East and Africa Operations
Punjab National Bank (PNB), India's No.1 ranked nationalized bank, has received a license to...
Istithmar World Capital defaulted on mortgage on New York’s Hotel
Istithmar World Capital, the investment arm of the Dubai government, has defaulted on its $300 million mortgage on the former Knickerbocker Hotel site in Times...