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 16, 2014
UAE. Virgin Mobile Central and Eastern Europe is an early-stage Mobile Virtual Network Operator providing innovative, affordable broadband mobile services to the youth and aspires to be the leading youth lifestyle and consumer-champion brand in the region.
Posted: September 16, 2014
INTERNATIONAL. Sentiment towards Europe has picked up in the wake of recent monetary policy easing by the ECB; U.K. unpopularity deepens as Scottish independence vote looms.
Posted: September 16, 2014
KUWAIT. Clients can now open gold accounts and implement selling and purchasing transactions; Service plays a significant role in the innovation of sharia-compliant products as well as in the diversification of investments.
Posted: September 16, 2014
INTERNATIONAL. "The Agenda" compiles results from 260 CEOs in Africa and includes insights from business and public sector leaders from 18 countries.
Posted: September 15, 2014
UAE. eZayed Real Estate launches today. The new platform allows for both physical and online bidding on real estate -- something new to the region.
Posted: September 15, 2014
UAE. Stock climbed 7.2%, the most since July 21, to 3.14 dirhams at 10:17 a.m. in Abu Dhabi; More than 10 million shares traded, almost three-times the three month daily average.
Posted: September 15, 2014
QATAR. QNB Group's total stake in Ecobank Transnational Inc, the leading pan-African bank, is now 23.5%; Aquisition in continuation of QNB's strategy of international expansion and growth.
Posted: September 15, 2014
UAE. Investors will have a chance this month to own part of a dancing fountain, an underwater zoo and an ice-skating rink in Dubai.
Posted: September 15, 2014
INTERNATIONAL. The adverse impact on commodities from a rising dollar has added another negative dimension; Brent crude traded down to a two-year low before finding support at US$96.75.
Posted: September 15, 2014
UAE. As part of his new role, Damak will be responsible for developing the next phase of growth of S&P's Islamic Finance ratings and research worldwide.
Posted: September 15, 2014
INTERNATIONAL. Investors with more than US$8 trillion in aggregate AUM will seek first-hand insights into compelling Middle East and North Africa investment opportunities at face-to-face meetings with C-suite executives from top listed companies in the Arab world.
Posted: September 15, 2014
UAE. Dr. Gaml El Din will develop Hawkamah & Mudara IOD's strategic, financial and operational objectives and oversee the implementation and accomplishment of these objectives.
Posted: September 13, 2014
QATAR. It remains to be seen whether the new set of measures will be enough to combat the Eurozone's problems of slow growth, high unemployment and near zero inflation.
Posted: September 13, 2014
UAE. Dubai International Academic City (DIAC) brought together over 25 heads of universities and HR and training executives to discuss the next steps in achieving Dubai's vision of becoming the global capital of the Islamic economy.
Posted: September 12, 2014
BAHRAIN. The decision was driven by declining valuations across the industry, one person said. Discussions are ongoing and no final decision has been made on the timing, according to two people familiar with the matter.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: September 16, 2014
INTERNATIONAL. The upcoming Scottish election, whichever way it goes, demonstrates the enormous power of the desire for national self-determination. If it can corrode the British union, it can corrode anything.
date:Posted: September 16, 2014
INTERNATIONAL. Sentiment towards Europe has picked up in the wake of recent monetary policy easing by the ECB; U.K. unpopularity deepens as Scottish independence vote looms.
date:Posted: September 15, 2014
UAE. In the rental market, Cluttons expects affordability to remain central to the rental value growth equation, with rises likely to slow further in the coming months; Residential values in Dubai rise by 3.8%; 19% growth in Abu Dhabi residential capital values over the same period.
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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