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: September 30, 2014
QATAR. Speakers from U.S. Federal Reserve, Qatar National Bank and other major institutions to address challenges of the global economy.
Posted: September 30, 2014
KUWAIT. The Kuwaiti Capital Markets Authority said in a statement that the move obliged institutions to freeze all funds belonging to those accused of terror financing.
Posted: September 30, 2014
SAUDI ARABIA. Ashmore, with about US$122 billion of assets under management, is opening an office in Riyadh to serve as a hub for the region, according to people with knowledge of the matter.
Posted: September 30, 2014
UAE. Investors, regulators and tax authorities are pushing the choice of fund domicile to the fore with requirements for good corporate governance, transparency and financial regulation.
Posted: September 29, 2014
UAE. The company will announce the hotel sale "in the next few months," Mohamed Alabbar said, less than seven hours after Emaar said it raised US$1.6 billion from the share sale of its malls unit.
Posted: September 29, 2014
UAE. Led by chief executive officer Paul Willing and the existing management team, Elian aims to deliver more value by setting the standard in terms of client service in the company, fund and trust administration industry.
Posted: September 29, 2014
UAE. Country assessment ranked at A3 by Coface; 5% growth projected for 2014; Business climate favourable with the new companies' law improving transparency; Debt profile improves, financing needs of GREs continue.
Posted: September 29, 2014
SAUDI ARABIA. Acquisition as part of Alkhabeer's SME Private Equity Strategy; Asset management firm continues to expand its focus on new investment strategies in the region.
Posted: September 29, 2014
INTERNATIONAL. Stock market weakness, falling bond yields and the strong dollar, were some of the overall drivers, with geopolitical worries holding steady on the horizon.
Posted: September 29, 2014
UAE. The Foreign Account Tax Compliance Act (FATCA) is a new US law aimed at foreign financial institutions (FFIs) and other financial intermediaries to prevent tax evasion by US citizens and residents through the use of offshore accounts.
Posted: September 29, 2014
UAE. PMI data indicates that MENA has still the same leaders, and same laggards, according to the latest Crédit Agricole report; UAE August 2014 PMI set a new record at 58.4; Saudi Arabia headline PMI in August hit its highest level in over 3 years.
Posted: September 27, 2014
QATAR. QNB Group expect Indonesia's real GDP growth to slow further in 2014-15. Nonetheless, the country's long-term potential remains large if challenges can be overcome.
Posted: September 27, 2014
QATAR. Qatar's strong net external and fiscal asset positions balance the concentration risk related to the economy's reliance on the oil and gas sector, says S&P; The outlook is stable.
Posted: September 26, 2014
UAE. Technical indicators are neutral to bearish putting short-term investors in danger; A close watch is needed for short term investors as they need to start cashing out at levels below 5,055 points.
Posted: September 26, 2014
UAE. Abraaj, which has about US$7.5 billion in global assets under management, plans to reach its fundraising target by the end of the year, according to people with knowledge of the matter.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: September 30, 2014
IRAQ. The UN estimates land under IS control accounts for as much as 40% of Iraq's annual production of wheat, one of the country's most important food staples alongside barley and rice.
date:Posted: September 30, 2014
UAE. Bayt.com survey reveals that 78% consider meetings to be great for decision-making; Meetings in MENA workplaces often have agendas distributed in advance, according to 80% of respondents, and tend to start on scheduled time (according to 88%).
date:Posted: September 29, 2014
UAE. Country assessment ranked at A3 by Coface; 5% growth projected for 2014; Business climate favourable with the new companies' law improving transparency; Debt profile improves, financing needs of GREs continue.
UAE. Bayt.com survey reveals that 78% consider meetings to be great for decision-making; Meetings in MENA workplaces often have agendas distributed in advance, according to 80% of respondents, and tend to start on scheduled time (according to 88%).
INTERNATIONAL. Bitcoin has followed a volatile path to growing acceptance since its creation in 2009; In this interview finance expert Arturo Bris analyses the risks associated with bitcoin.
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