Inflation rates will stay at manageable, low single-digit levels throughout the region, the report said.
Unrealistic pay rises during boom time might prove counterproductive to a company’s growth, expert says.
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.
The REIT will invest in between 15 and 35 properties and be managed by Swiss-based B&I Capital AG.
Saudi billionaire Prince Alwaleed again ranks first in the region on Forbes’ annual list of the world’s billionaires.
Some 45 per cent of financial firms were victims of fraud last year, PwC’s 2014 global economic crime survey showed.
The Court of First Instance fined Ahmed Yousef Behbehani after a complaint by the Capital Markets Authority (CMA).
The bank will seek shareholder approval for its sukuk programme at a meeting on March 19 and regulatory approval thereafter, local media reported.
Continued tensions in Ukraine have caused energy prices to rise and financial markets to decline.
Regulators around the world are increasing their scrutiny of Islamic finance, including the boards of sharia scholars who rule on whether activities follow religious principles.
Local firms are losing billions of dollars through negligence.
The Halal zones will be situated in Jebel Ali Free Zone Authority (Jafza) and Technopark.
Omnivest had previously said that it was looking into the feasibility of the transaction.
In January, the monopoly said its annual profit for 2013 rose 19 per cent to 3.04 billion riyals from a year earlier.
Around 22 per cent of Abu Dhabi employees and 33 per cent of Dubai employees will see a rise in housing allowances this year.
ADCB has chosen Bank of America-Merrill Lynch, Barclays, ING and JP Morgan Chase to arrange the transaction.
Consumer price growth in the world’s top oil exporter has been easing gradually since hitting a peak of 4.0 per cent in April 2013.
Lenders joining the facility came from the Gulf, the United States, Europe, Asia and Australia.
The company posted a 10.3 per cent rise in fourth-quarter profit in January, mainly due to a rise in the value of its investments.
Only 16.18 per cent of the firm is currently held by non-Qatari investors, according to bourse data.
The investment firm made a net profit of $5.2 million in the three months to December 31.
The Islamic lender recorded a net attributable profit of $32 million in the three months to December 31, 2013.
The lender made a net profit of $8.9 million in the fourth quarter of 2013.
The Dubai developer announced earlier this year that it would repay Dhs4 billion of its bank debt in 2014, ahead of maturity in September 2015.
The country is mulling the imposition of tax on companies, Sheikh Hamdan cofirmed.
The sizes of the stake and details of the nature of the alliance have not been disclosed.
The fund’s largest equity investments include Emaar Properties and London-listed UAE firm NMC Health.
The cost gap for Gulf banks rated by S&P seems to be narrowing to as little as 30 basis points in the first half of 2013 from a high of 110 bps in 2009.
The region witnessed a strong rise in deal value and volume, aided by rising business confidence and improved liquidity.
Ambassador for the UK’s financial sector wants to see more women at senior management and board level.