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
Oil price volatility and a slowdown in economic growth could hit the GCC insurance industry’s growth this year, a new report shows
The kingdom is grappling with a budget deficit which economists estimate could total $120bn or more this year
Almost 70 per cent of Middle East businesses are family-owned, a new report shows
The fund, which is estimated to have more than $500bn of assets, is studying whether to liquidate assets that generate annual returns of below 9 per cent
Saudi Arabia has shown interest recently in purchasing flexible assault naval vessels like the Mistral helicopter carriers sold to Egypt as well as multi-purpose Fremm frigates
Export earnings of oil producing countries in the Middle East and North Africa region fell by $360bn in 2015
The report, however, warned that GCC governments’ capital spending levels could dip if oil prices continue to fall
The interest payments which IPIC said on Thursday it would be paying are on bonds belonging to 1MDB Energy Limited And 1MDB Energy (Langat) Limited
Investcorp’s latest deal complements other companies in its portfolio that have similar interests
The bank reported a net profit of QAR 3.11bn in the third quarter of this year
Both companies will bid for solar power projects that will be tendered at national and state levels, a statement said
Dubai’s stock index was up 1.0 per cent at 3,694 points after an hour
The refinery, the country’s largest is now operating normally, KNPC said
The UAE has been ranked as having the world’s second most developed Islamic economy ecosystem following Malaysia
Usman Ahmed will also head the bank’s Islamic investment banking division
The publicly traded certificates will be used to invest in mid-sized Mexican businesses that have strong growth potential
New EY report urges GCC governments to relook at existing pension fund models to ensure they are sustainable
The official said the bank would grow by “mid-single-digits” in 2015 and its capital was sufficient for this level
The offering from Emirates SembCorp Water & Power could raise up to $350m
Assets shrank 11.2 per cent from a year earlier to their lowest level since February 2013
After its conversion the Real Estate Development Fund will offer financing in cooperation with the private sector, a statement said
The company earned around Dhs 2.6bn in net profits during the first half of this year
The growth in the economy has been attributed to the country’s diversification efforts
The official said that liquidity in Qatar’s banking system remained ample and that demand for T-bills was still strong
Survey finds 53 per cent of fund managers expect to raise equity allocations to the UAE in the next three months
The Gulf state recently introduced a new law designed to facilitate public-private partnerships
The bank is hiring a head of sanctions for the Middle East, North Africa and Pakistan