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Fadi Arbid, CEO of Amwal AlKhaleej

Five minutes with… Fadi Arbid, CEO of Amwal AlKhaleej

Saudi CEOs Earn Highest Salary

Where is the best place to make your millions in the region? Gulf Business ranks the GCC states in order of highest earning potential.

Azerbaijani Bank Plans Qatar Presence

International Bank of Azerbaijan, the country’s largest lender, hopes to start operating in Qatar in the first quarter of 2013.

Branson Reveals Virgin’s London Tour Guide

The famous entrepreneur discloses his favourite places in the city, just in time for the Olympics.

GCC Not Yet ‘Luxury Tourist Hub’

Luxury retailers in the region need to innovate to attract savvy customers, says a new study by BCG.

Emirates In Alliance Talks With Qantas

Dubai’s flagship carrier is closer to a tie-up with the Australian airline, sending Qantas shares up eight per cent.

DIFC Benefits From “Safe Haven” Status

The Dubai International Financial Centre (DIFC) economy posted a ‘GDP’ of $3.13 billion in 2011, up seven per cent from 2010.

Top UAE Lenders Beat Q2 Estimates

Three of the country’s largest banks have all posted positive results with First Gulf Bank reporting a 14 per cent profit rise.

PineBridge Opens New MENA HQ In Bahrain

The new office of the global asset management company will be headed by ex-Mumtalakat CEO, Talal Al Zain.

Abraaj Names New CEO For Aureos

The private equity firm announced that Tom Speechley, senior partner at Abraaj, will take over as the CEO of UK-based Aureos.

UAE Has No Plans To Issue Bonds

Finance Minister Sheikh Hamdan says the country will fill any gap “from its own resources.”

Top Five Cities In The Middle East

Three UAE cities feature in the list that ranks cities on economic and social factors, labour rights and quality of life.

ENBD Q2 Profit Drops 13%

Dubai-based Emirates NBD made a net profit of Dhs647 million in the second quarter of the year.

Mashreq Posts 12% Rise In Q2 Profit

The Dubai-based bank made a second-quarter net profit of around Dhs320 million, mainly due to a drop in provisions.

UAE’s Tejari To Double Staff By 2015

The Dubai-based e-procurement technology provider plans to expand operations across the GCC.

Ramadan Prayer Timings

Here are the Ramadan prayer timings in the Gulf for week commencing Sunday 22 July:

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Kuwait’s NBK Posts 42% Q2 Profit Drop

The Kuwaiti bank’s CEO blamed the political deadlock in the country for hampering economic growth.

Fuelling Volatility In The Gulf

False hope and economic turbulence are threatening the reliability of the GCC’s oil income.

Jumeirah Boss: Be My Guest

Exclusive: Gerald Lawless, Jumeirah’s executive chairman, talks about Dubai’s growth and expansion plans.

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Twitter Has 2m Arab Users

Facebook has 45.2 million users in the region while four million Arabs use LinkedIn, says new report.

Zain Saudi’s Rights Issue Struggling

Zain’s share hold in the Saudi operator could rise to above 50 per cent forcing the Kuwaiti firm to consolidate losses.

Bank Muscat Shares Declined

Oman’s largest lender has offered new shares to existing holders at a discounted price to raise over $250 million.

Barclays Off UAE Rate-Setting Board

The bank has withdrawn from the interbank panel following the Libor scandal in the United Kingdom.

Bank Muscat Shares Declined

Oman’s largest lender has offered new shares to existing holders at a discounted price to raise over $250 million.

Painting For Profit

Aarti Nagraj catches up with the Kana’an sisters, who describe the tough but fulfilling life of being an entrepreneur in Dubai.

Qatar Sells Largest USD Sukuk

The Gulf-state priced five and 10-year tranches at $2 billion each, attracting an order book of over $24 billion.

Emaar Launches $500m Sukuk

The Dubai-based developer has selected seven regional and international banks for investor meetings in London.

Tamweel Q2 Profit Down 33%

The Dubai Islamic Bank-owned mortgage lender posted its second straight quarterly profit fall.