Finance & Banking

FEATURED REPORT...
Posted: 11-08-2011
UAE. Dubai state companies are securing bank financing as the latest tumult in global markets fails to derail the emirate's recovery from the 2009 debt crisis. Dubai Holding LLC, one of the three main state-owned holding companies, reached an accord with lenders to extend a US$1.16 billion loan to December 2016, according to a company official. Port & Free Zone World FZE, an intermediate holding company for port operator DP World Ltd. (DPW), is raising US$850 million to refinance debt, three bankers familiar with the plan said. Investment Corporation of Dubai said on August 8 it will rep
Posted: May 18, 2017
UAE. "We have incorporated sustainability as one of our key growth deliverables, and are proud to be a regional leader in innovation by developing smart and user-friendly products & services."
Posted: May 16, 2017
INTERNATIONAL. Britain's Labour Party has announced that if elected it would introduce a 45% income tax rate on incomes over 80k pounds, and a 50% rate over 123k.
Posted: May 15, 2017
SAUDI ARABIA. Deloitte hosts VAT academies in Saudi Arabia and Bahrain; prepares companies for implications of VAT implementation; designed for legal, tax and finance experts who want to have a better understanding from experts on the VAT legal framework.
Posted: May 15, 2017
UAE. Over the week Qatar was the best performer (+ 1.7%), breaking the 10,000 point up, followed by Egypt (+ 1.6%); UAE markets were mainly flat over the week.
Posted: May 12, 2017
SAUDI ARABIA. Riyadh seeking private investment and partnerships for ambitious development programme outlined in Vision 2030.
Posted: May 9, 2017
SAUDI ARABIA. The private Fund was established by Swicorp in partnership with Retal Urban Development Company, a fast-growing urban developer in Saudi Arabia.
Posted: May 9, 2017
UAE. Deloitte reveals the regulatory opportunities and challenges facing the financial services industry and the five ways that institutions can take advantage of the new regulatory changes to drive efficiency and growth.
Posted: May 5, 2017
UAE. High costs, slow transactions are major pain points in cross-border payment transfers, reveals survey commissioned by PayCommerce; International payments to cross US$54.8 trillion by 2022; 67% of companies keen on shifting to more cost-effective and transparent methods.
Posted: May 4, 2017
UAE. The Dubai Gold and Commodities Exchange (DGCX) witnessed an eventful month of trading across its precious metals, base metals and currency segments in April.
Posted: May 4, 2017
OMAN. Oberthur Technologies announced the launch of Smart InHouse in Muscat, a new solution based on OT's Common Personalization System (CPS) in partnership with Bank Muscat.
Posted: May 3, 2017
UAE. 28 major transactions exceeding US$53 billion in total deal value.
Posted: May 3, 2017
BAHRAIN. Three Egyptian teams scoop the top prizes; Lebanon, Jordan and UAE teams share secondary prizes that total US$160,000
Posted: April 27, 2017
SAUDI ARABIA. Swicorp was involved throughout the entire process - from origination to due diligence, to deal structuring and negotiations of transactional documentations.
Posted: April 26, 2017
LEBANON. The reported drop in net profit (14.9%) in Q1 resulted mainly from the deconsolidation of investments of the Bank's subsidiaries in both Syria and Sudan, as well as from a lower risk appetite in some overseas markets.
Posted: April 26, 2017
KUWAIT. Factors such as big data and artificial intelligence will impact current models for investment research and asset management, although the GCC has been relatively slower in its adoption of Fintech innovations.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: May 18, 2017
UAE. 2020 Expo key to 'lukewarm' construction market in UAE with costs forecast to rise by 2% in 2017; Rest of the region including Qatar and Oman seeing construction slowdown and stable costs, reflecting oil prices.
date:Posted: May 16, 2017
INTERNATIONAL. Britain's Labour Party has announced that if elected it would introduce a 45% income tax rate on incomes over 80k pounds, and a 50% rate over 123k.
date:Posted: May 15, 2017
UAE. UAE, Saudi Arabia, Qatar, Kuwait and Oman's aviation infrastructure to help fuel travel and tourism sectors and accelerate economic growth; Around 46% of region's aviation projects are located in Saudi Arabia; More than two-thirds are being executed in the GCC.
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