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: November 10, 2018
INTERNATIONAL. "We're growing because we're able to offer clients the type of programs and infrastructure they need to efficiently and effectively access working capital solutions on a global basis."
Posted: November 10, 2018
INTERNATIONAL. In a new era of information overload, Kyriba Business Intelligence transforms mountains of financial data into visual dashboards to help executives make smarter global business decisions.
Posted: November 10, 2018
LEBANON. "The launch of the FX Global Code offers a unique opportunity to ensure the all FX market professionals adopt universal standards of ethics, conduct and behaviour".
Posted: November 10, 2018
LONDON. The specialist merchant banking and investment firm announces the appointment of Alexander Tsirigotis as Chief Operating Officer and Simon Evans as General Counsel.
Posted: November 9, 2018
UAE. The bank has been selected as the "Best Overall GCC Private Bank" and "Best UAE Private Bank - International" at the 2018 awards ceremony held in Dubai.
Posted: November 8, 2018
UAE. Net profit of AED 24.3 million for the 9M 2018 include the full consolidation of Middlesex University Dubai and Royal Hospital Bahrain post majority stake acquisition in August 2018.
Posted: November 8, 2018
UAE. Greater flexibility in terms of financing options will be required, with for example crowd funding type solutions coming into the equation.
Posted: November 8, 2018
UAE. Almost 900 C-suite executives from across the Gulf's industries were asked a wide-ranging series of questions on a face-to-face basis aimed at gauging business sentiment; Gulf highlights growing role of private sector.
Posted: November 7, 2018
EGYPT. Egypt PMI fell to 48.6 in October (48.7 in September); Lowest reading of 2018; private sector firms remain under pressure; future expectations remain robust.
Posted: November 7, 2018
LONDON. The industry will employ 5.6 million worldwide and have a projected tax impact of $24 billion by the end of the decade, according to new report.
Posted: November 7, 2018
UAE. Many UAE companies remain critically vulnerable to cyber-attacks because of a failure to maintain basic cyber-hygiene practices.
Posted: November 6, 2018
UAE. Maintains positive trajectory with growth drive on track despite challenging markets; Officially entered Kuwaiti market with the acquisition of Amwal and its subsidiary Noor Capital Markets.
Posted: November 5, 2018
UAE. Bank creates opportunity for collaboration with FinTechs, partners and developers; Four FinTechs on boarded so far to create proof of concepts.
Posted: November 5, 2018
UAE. Headline PMI falls to 55.0 in October, from 55.3 in September; Sharp increase in new orders; Business confidence hits record-high; New business growth remains strong in non-oil private sector.
Posted: November 4, 2018
UAE. Overall salaries projected to increase by 4.8% in the UAE across industries in 2019; Life Sciences industries had the highest salary increase in the UAE at 5%.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: November 19, 2018
UAE. Large majority of UAE survey respondents willing to bank with established technology companies, says Bain & Company study.
date:Posted: November 19, 2018
SAUDI ARABIA. First mover advantage for Saudi companies that protect consumer data.
date:Posted: November 16, 2018
UAE. The new cybercriminals are effectively a cross-breed of the once esoteric, targeted attacker, and the pedestrian purveyor of off-the-shelf malware, using manual hacking techniques, not for espionage or sabotage, but to maintain their dishonorable income streams.
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