Moderation in government spending will slow credit growth, tighten funding and weaken asset quality
The Qatari fund has acquired a 44 per cent stake in the Manhattan West project from Brookfield Property Partners
The company is seeking funds to refinance loans taken for the Emal projects, sources said
Rising rates might also impact the bank’s third quarter earnings, the lender’s chief executive said
Emaar Malls made a net profit of Dhs 376m in the three months to Sept. 30
The new premium banking offering will provide customers with a dedicated relationship manager available 24/7
Oman’s State General Reserve Fund (SGRF) has taken Bulgaria to arbitration at the Washington-based International Centre for Settlement of Investment Disputes
The UAE will look towards realising the goals of its Vision 2021, the Dubai ruler said
The lender made a net profit of Dhs 1.67bn ($454.71m) in the three months to Sept. 30, compared to Dhs 1.56bn in the same period in 2014
Low oil prices and regional turmoil are keeping volumes low on Abu Dhabi’s stock market
The fund will facilitate direct investment in GCC states by Japanese food and agribusiness firms
Next year’s budget has been set at Dhs 48.56bn with a zero deficit
The minister said the world could not afford to let oil stay at its current level, which is roughly $50 a barrel for Brent crude
Small and medium enterprises have reported difficulties in collecting payments and raising finance, both signs of tightening liquidity
A rise in expenses meant net fee and commission income dropped by 4 per cent in the third quarter
Abu Dhabi Global Market will initially focus on sectors such as wealth management, asset management and private banking
The United States tops the list while the UAE and Saudi Arabia feature among the top 15
Kingdom Holding made a net profit of SAR 291.55m in the third quarter of 2015, up from SAR 265m in the same period a year earlier
The IMF estimates Riyadh faces a record budget deficit of well over $100bn this year, amounting to 21.6 per cent of gross domestic product
The company’s Middle East headquarters in Bahrain will close and a process is underway to wind down the business, the sources said
Limitations on market access are frowned upon by index compliers such as MSCI and FTSE, whose indices are tracked by trillions of dollars of institutional wealth globally
The UAE’s banking customers are five times more likely to say that their view of their banks has improved rather than worsened in the last six months
The number of millionaires in the country is expected to increase from 59,000 in 2015 to 96,000 by 2020
The amount was more than 2.5 times covered by contributions from banks
Cyber criminals had duped Aramco into making a payment for an order of naphtha from ONGC into their own bank account
The lender’s earnings were boosted by an 10 per cent year on year gain in net interest income, made from traditional banking operations
SABIC could make an announcement regarding the potential joint ventures in the first quarter of 2016, a senior official said
With oil prices, governments are having to shore up their finances by borrowing in the capital markets and investing less money in their banking systems
The Capital Market Authority told licensed brokers that they would have to open an account in the name of each client rather than using the name of the broker or someone else
Investcorp acquired properties in the metropolitan areas of Las Vegas, Denver, Chicago, Atlanta and Dallas, it said in a statement