The bank expects to post double-digit loan growth in the next 12 months, its CEO says.
The strategy will focus on bringing innovation into seven sectors namely renewable energy, transport, education, health, technology, water and space.
As part of a US settlement in August, the bank was given 90 days to end high-risk relationships with SMEs in the UAE.
The company’s chief executive said that the fund is looking to invest in sectors such as power and water, oil and gas, healthcare and education.
Worries about weak earnings report on growth and business had sent Middle East bourses tumbling, with Dubai’s index down 13.6 per cent last week
Christie’s will not be taking an equity stake in the new affiliate but will provide marketing and PR support.
The restaurant is among the first of five food and beverage outlets that Marka is planning to open by next year.
While average rents dropped in Q3 compared to Q2, rental rates recorded double digit increases on a year-on-year basis.
Gary Anderson is stepping down due to ill health and will be temporarily replaced with COO Gaurang Desai.
Portugal’s largest listed lender, Banco Espirito Santo, was rescued by the state in August.
The project will be spread across a total area of 25 million square feet and will be located along Emirates Road.
Jumeirah in the emirate came bottom on a list ranked by the cost of a basket of travel essentials.
Middle East bourses tumbled last week, with Dubai taking the biggest hit and losing 13.6 per cent.
In March, Arabtec said it would build one million homes in Egypt in a $40 billion project backed by the Egyptian and UAE governments.
Atlantis refinanced an $880 million loan to take advantage of favourable market conditions, ICD confirmed.
UAE government’s use of social media is revolutionising governance but experts say that challenges persist.
Gulf Business speaks to Neelesh Bhatnagar, director of Oasis Centre.
Globally, passenger numbers are expected to reach 7.3 billion by 2034, representing a 4.1 per cent average annual growth.
The BIE, which oversees World Expos, was provided an overview about the new Expo 2020 Bureau and the site’s positioning.
Resort blends leisure and business around an ‘understated’ luxury theme
The Saudi index sank to 9,407 points, its lowest level since mid-April.
Dubai’s airport retailer accounted for 5.19 per cent of global airport duty free business and almost three per cent of the wider duty free and global travel retail business.
Chang Zhou Almaden, which produces photovoltaic glass, will set up a 15,000 sqm manufacturing facility at the free zone.
The passenger arrived in Dubai on a plane from Liberia, the ministry said.
The new theme park, to be operated by Merlin, is coming up in Dubai Parks & Resorts.
The group will bring European brands such as Sonia by Sonia Rykiel, Berenice and Essential Antwerp to Dubai.
FGB, majority-owned by Abu Dhabi’s ruling family, signed an agreement with Integrated Financial Group.
Under the transaction, GEMS will be split into two entities, with the investing group buying a stake in the part of the business focussed on MENA and Asia.
The Note 4, priced at Dhs2,799, will be available from October 16, while the Note Edge will be launched later as a limited edition product.
The company is looking to invest in the GCC’s healthcare and education sector, with a focus on the UAE and Saudi markets.