The good time in capital markets must come to an end at some point, says Saxo Bank CEO
The UAE has, so far, reported 21 cases of coronavirus of whom five have fully recovered
China was Dubai’s largest trading partner, followed by India, US, Switzerland and Saudi Arabia
The loan is expected to finance about 37,000 projects over the next four years and create over 200,000 jobs in the African country
Emirati banks received approximately 89.8 per cent of the total investments
The number of enforcement cases also rose 35 per cent to 251 with a total claim amount of Dhs2.6bn
Falling reserves and inflows have led to a shortage of foreign exchange in Lebanon, disrupting the financial system
It raises Dar Al-Arkan’s total sukuk value listed on Nasdaq Dubai to $2bn
The total number of exhibitors was up nearly 40 per cent compared to the previous year
The five-year sukuk was oversubscribed 2.5 times with a total book size exceeding $750m
Further investments of $4.3bn are expected into MENA’s desalination projects by 2022
The Gulf nation plans to lower its debt and review state companies
The UAE economy grew 4 per cent in the second quarter of 2019 while the fourth quarter posted the lowest growth figure of 1.3 per cent
Bullion prices have taken off this year, rising almost 10 per cent, as concerns over the virus deepen
Central banks in Indonesia, Mexico, Turkey and South Africa have cut rates this year
S&P Global Ratings cut the country’s long-term foreign currency rating to CC, following a similar reduction by Moody’s Investors Service to Ca
The instant licence service enables businessmen to obtain a commercial license within five minutes
Spot gold traded at $1,607.95 an ounce at 3.02pm in Shanghai, down from Wednesday’s peak of $1,612.98, which was the highest since March 2013
The North African country will announce its first exploration tender in close to three years by March
The Group-of-20 finance ministers and central bankers will be discussing a risk to growth that is growing bigger by the day
A thousand female entrepreneurs will be trained under this initiative
Former Prime Minister Saad Hariri requested the World Bank and IMF for assistance to address the country’s financial woes
As many as 49 per cent feel that the Dubai Expo will enhance the country’s reputation as a business hub while 48 per cent feel it will lead to creation of more jobs
As Sultan Haitham bin Tariq Al Said takes charge in Oman, Georgia Tolley describes the challenges the GCC state faces and potential ways ahead
Some of the fees waived include those in the healthcare sector
The JTC’s assessment may help determine whether the 23-nation alliance convenes an emergency ministerial meeting later this month
The new entity will have total assets worth Dh200bn, with more than 85 per cent of its revenue coming from regulated and contracted businesses
A total of 5,157 trademark files were registered at Dubai Economy in 2019 compared to 3,844 in 2018
The plunge in oil prices has prompted a push led by Saudi Arabia for the Organization of Petroleum Exporting Countries and its allies to hold an emergency session in February