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: October 31, 2014
INTERNATIONAL. In his latest interview with The Gold Report, the 321gold.com founder delivers a frank overview of U.S. international policy and lambasts commentators who look to their tea leaves in search of the next market moves.
Posted: October 31, 2014
SAUDI ARABIA. Net income increased to 265 million riyals (US$71 million) from 220 million riyals a year earlier, the company controlled by Saudi billionaire Prince Alwaleed bin Talal, said.
Posted: October 30, 2014
BAHRAIN. Founded in 1991, PRO Unlimited delivers a full range of services to address procurement, management and compliance issues related to contingent workers.
Posted: October 30, 2014
UAE. For many SMEs, there is a funding gap during their development journey which, if filled, can enable them to achieve tangible success, say experts
Posted: October 30, 2014
UAE. Richard Teng will be responsible for overseeing the development and administration of the regulatory framework to govern ADGM and its member institutions.
Posted: October 30, 2014
INTERNATIONAL. While the Fed retained its guidance that overnight borrowing costs would remain near zero for a "considerable time", the new phrase marks a turn toward a new regime.
Posted: October 30, 2014
UAE. GCC corporate earnings strength intact; Regional bonds unaffected by global shocks; Central Banks support financial markets.
Posted: October 29, 2014
UAE. The investment firm, owned by Abu Dhabi's sovereign wealth fund, is talking with lenders about refinancing stake valued at US$2.2 billion.
Posted: October 29, 2014
UAE. The agreement includes setting up Real museums and expanding their soccer schools around the world, as well as creating content for digital media platforms.
Posted: October 29, 2014
UAE. Net income rose to 701 million dirhams (US$191 million) from 581 million dirhams a year earlier, the Dubai-based developer said.
Posted: October 29, 2014
UAE. Event is a tremendous opportunity for Dubai to further develop its role as a financial hub and gateway for China.
Posted: October 29, 2014
UAE. compareit4me.com survey results come as UAE banks' personal loans portfolio reaches US$80.5 billion.
Posted: October 29, 2014
UAE. Ranking largely owed to position as region's leading trade and financial hub; BVI and Cayman Islands retain number one status; Hong Kong and Singapore gain tractions as demand shifts from offshore to mid-shore; Asset protection and wealth management are primary drivers for using offshore entities.
Posted: October 29, 2014
UAE. Total wealth in the GCC stood at US$ 1.7 tillion in 2014, up 4.75% from 2013; Total wealth in Saudi Arabia and UAE grew by 5%; Global household wealth up 8.3% to US$263 trillion, driven by the US and Europe, according to Credit Suisse Research Institute.
Posted: October 29, 2014
UAE. Significant increase in inflows of private capital into UAE in 2014; UAE seen as hub between Africa and Asia; Political stability remains a major factor driving flows; UAE clear winner in the region, as other GCC countries see net outflows of private capital.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: October 31, 2014
INTERNATIONAL. In his latest interview with The Gold Report, the 321gold.com founder delivers a frank overview of U.S. international policy and lambasts commentators who look to their tea leaves in search of the next market moves.
date:Posted: October 31, 2014
INTERNATIONAL. If Russia's "pivot to Asia" results in Moscow and Beijing trading oil between them in a currency other than the dollar, that will represent a major change in how the global economy operates and a marked loss of power for the U.S. and its allies."
date:Posted: October 30, 2014
UAE. GCC corporate earnings strength intact; Regional bonds unaffected by global shocks; Central Banks support financial markets.
INTERNATIONAL. If Russia's "pivot to Asia" results in Moscow and Beijing trading oil between them in a currency other than the dollar, that will represent a major change in how the global economy operates and a marked loss of power for the U.S. and its allies."
INTERNATIONAL. In his latest interview with The Gold Report, the 321gold.com founder delivers a frank overview of U.S. international policy and lambasts commentators who look to their tea leaves in search of the next market moves.
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