Abu Dhabi’s Inflation Rises 2.1% In 2014

Housing, water and electricity costs rose 1.5 per cent in the last two months and were the largest contributors to the overall increase in the consumer price index.

Oman Central Bank Tells Lenders To Avoid Conflicts Of Interest

The move coincides with a wide-ranging government crackdown on corruption.

UAE’S Emirates REIT To Raise At Least $135m In Dubai IPO

The company plans to use the proceeds for possible future acquisitions and investment in existing assets.

UAE’s First REIT To Announce IPO On Nasdaq Dubai

Emirates REIT, which was formed in 2010, has eight properties valued at over Dhs1.1 billion.

UAE’s NBAD Picks Banks For Five-Year Aussie Bond-IFR

The lender has picked ANZ, Citigroup, HSBC and itself to arrange the Kangaroo bond.

Kuwait Budget Spending Up 8% Year-On-Year In April-Jan

The International Monetary Fund warned Kuwait in December to restrain the rising public sector wage bill and subsidies.

Qatar’s Doha Insurance To Launch $120m Rights Issue March 17

Doha Insurance has said the capital boost would increase financial solvency and improve its credit rating.

New CEO Of Kuwait’s NBK Backs Bank’s Regional Strategy

NBK’s Islamic banking business has helped to boost profits, the executive said.

Qatar’s Barwa Bank Names Subeai As Acting CEO

Khalid Yousef al-Subeai was previously CEO of The First Investor, Barwa’s wholly-owned investment banking unit.

Qatar May Face Higher Costs Of Hiring Foreign Workers – IMF

The publicity about deaths of migrant construction workers in Qatar could affect the availability and cost of hiring new workers, said the fund.

Caution May Return On Ukraine-Russia Crisis, Egypt Clashes Could Weigh

Regional shares were dampened last week due to the Ukrainian crisis but recovered lost ground as the situation seemed to have calmed.

Dubai’s Competitive Advantage Will Not Last Forever – Experts

Dubai needs to diversify its sectors to weather future economic risks, according to experts.

Dubai’s Rising House Prices Pose Economic Risk- Expert

Rising house prices could affect Dubai’s regional competitiveness, an expert has said.

CAPM Says Plans First IPO On Main Dubai Exchange In 5 Years

Around 55 percent of the company’s equity, or 275 million shares, will be offered to the public in the IPO at Dhs1 per share on the Dubai Financial Market, CAPM said.

Dubai’s DMCC To Boost Islamic Commodity Trade With Tie-Ups

The DMCC partnered with global brokerage firm BGC Partners this week to promote the platform to a wider international trading community.

Banque Saudi Fransi Loses Key Equity Banker To Jadwa Investment

Jallal, who was senior vice-president of investment banking at Saudi Fransi Capital, the investment banking unit of BSF, resigned last month.

First Gulf Bank To Set Up $1.07bn Sukuk In Malaysia

Funds from the programme will go toward expanding the bank’s day-to-day business.

Saudi IPO Market Set For Booming 2014 As Regulator, Issuers Eye Deals

The Kingdom’s stock market saw five IPOs in 2013 worth around $506 million, down in both volume and value from 2012.

Dubai World Prepays $284.5m To Creditors – Sources

The conglomerate obtained money for the prepayment from asset sales.

Bahrain To See Further Bank Mergers This Year – Central Bank Governor

In 2013, there were four separate examples of consolidation in the Bahraini banking sector.

Ras Al Khaimah Exploring Ceramics Sale

Ras Al Khaimah Ceramics has a market capitalisation of $781 million.

UAE’s Mubadala To Focus More On U.S., European Markets: COO

Mubadala shifted some of its focus to emerging markets after the global financial crisis hit the United States and Europe.

Inflation Rates In GCC Economies To Rise In 2014

Inflation rates will stay at manageable, low single-digit levels throughout the region, the report said.

UAE Firms Should Give “Realistic Pay Rises” During Boom Time

Unrealistic pay rises during boom time might prove counterproductive to a company’s growth, expert says.

NCB Capital Names First Female Saudi Investment Bank Head

Sarah Al-Suhaimi, currently head of asset management and chief investment officer at Jadwa Investment has reportedly been hired as CEO of National Commercial Bank.

Bahrain’s Al Salam Bank Launches Asian Islamic REIT Fund

The REIT will invest in between 15 and 35 properties and be managed by Swiss-based B&I Capital AG.

Revealed: Top 10 Billionaires In The GCC

Saudi billionaire Prince Alwaleed again ranks first in the region on Forbes’ annual list of the world’s billionaires.

Cybercrime Hits Financial Firms Hardest – Survey

Some 45 per cent of financial firms were victims of fraud last year, PwC’s 2014 global economic crime survey showed.

Kuwait Fines Ahli Bank Chairman $5.3m Over Insider Trade

The Court of First Instance fined Ahmed Yousef Behbehani after a complaint by the Capital Markets Authority (CMA).

Oman’s Bank Muscat Plans $1.3bn Islamic Bond Programme

The bank will seek shareholder approval for its sukuk programme at a meeting on March 19 and regulatory approval thereafter, local media reported.