More than half of UAE residents say their salary is too low to save money

Another third of cash-strapped employees cannot save a single dirham a month

GCC food bills among world’s cheapest, says survery

Research by MoveHub shows Qatar as the cheapest country on the world for food shopping

Banking on money centre lenders in 2016

US money centre banks will outperform as interest rates rise in 2016, writes Matein Khalid

Property insurance premiums could rise in UAE after fire accidents

Dubai specifically has seen a spate of fire accidents in recent years

UAE hopes to earn revenues of up to Dhs 12bn by introducing VAT

The country plans to begin levying value added tax in 2018

Qatar’s QNB announces 7.7% profit growth in 2015

The lender attributed improved revenues and cost controls for the growth in profit

Saudi riyal forwards drop to record low

Low oil prices have raised speculation that the riyal could be unpegged from the dollar

GCC can diversify revenues without raising taxes – study

Regional governments can generate at least 10 per cent of their gross domestic product through a number of non-tax revenue options, new research shows

Islamic finance industry worth $2tr by end of 2014, says AMF chief

Director-general of the Arab Monetary Fund says the industry grew 20 percent between 2000 and 2015

Dollar strength could see oil hit $20 – Morgan Stanley

US bank warns of further declines if the currency’s strength continues

Home insurance requests soar in the UAE after Address fire

Insurance requests were up three times the average during the first week of the year, finds new survey

Why banks need to go omnichannel

Banks need to provide an optimised and consistent user experience across all channels

Top 10 tips to save money in the New Year

Budgeting will come more easily the longer you stay with it, writes Jamie Scott

Up to 20% of GCC firms to freeze pay rises amid economic downturn

Benefits such as bonuses could also be affected as earnings predicted to grow at slowest rate in three years in 2016

What to expect from Dubai Shopping Festival 2016

Retail slowdown could mean bigger discounts with ‘part-sale’ already starting at 30 per cent

The Yellen effect: Why the US interest rate hike will hit the GCC hard

The recent Fed rate hike may have consequences for the GCC economies in more ways than one, writes Binod Shankar

Jebel Ali Freezone repays Dhs 2bn bank debt ahead of schedule

The Islamic facility was arranged in June 2012 and was set to mature in 2020

US expats in UAE may have passports revoked if income unreported

The UAE has signed a deal with the US to implement the Foreign Account Tax Compliance Act from early next year, says financial firm

Private bank LLB expects 20% growth in Middle East clients

Growing private wealth and a slowdown in wealth creation in traditional Western markets made the Middle East an increasingly attractive option for the European lender

How to prepare for an IPO

 Going public, in any sense, is a transformational event. Wherever you plan to list, the…

Almost 90% of GCC business leaders admit market volatility – survey

Almost 90% of GCC business leaders admit market volatility – survey

​UAE, Saudi Arabia, Bahrain and Kuwait raise interest rates after US Federal Reserve decision

The Fed decided to raise interest rates for the first time in nearly a decade yesterday

Economist urges GCC corporate and real estate taxes to boost revenues

Palestine’s former prime minister said additional taxes could help the government boost revenues during the period of low oil

DP World to invest $1.9bn in China

The announcement was made via Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed’s Twitter account

Nakheel makes Dhs 220m sukuk profit payment

The firm’s last profit payment on its Dhs 4.4bn sukuk was issued in June this year

UAE and China create $10bn investment fund

The joint fund will be managed and operated by Abu Dhabi’s Mubadala Development Company and two Chinese state entities

Fitch lowers GCC banks’ 2016 ratings to negative due to cheap oil

About 16 per cent of all ratings assigned to GCC banks were negative

Zurich to scale back general insurance business in Middle East

The Swiss insurer said that it will fully close its general insurance business in the Middle East by 2016

GCC digital-only banks more than two years away

An EY survey of GCC consumers found 64 per cent would feel comfortable switching to a digital-first bank

Government support key for making Dubai an Islamic finance hub, say CEOs

Islamic finance experts also push for standardised practices across the industry