Despite experiencing cyber attacks, the majority of Saudi Arabian consumers have not installed anti-virus software on their systems.
National Bank of Abu Dhabi plans to add around 900 jobs to its current headcount of 6,500 next year.
The country’s finance minister said that Qatar would focus on the local market.
The Swiss wealth manager will gain a foothold in Beirut and Manama and strengthen its existing presence in Dubai.
Dubai’s third quarter imports touched Dhs610 billion and have been instrumental in boosting the emirate’s trade.
The DFM General Index advanced 0.6 per cent to 3,031.80, the highest since November 2008.
As market conditions improve, 2014 could be the year for Gulf capital listings.
The agreement aims to develop poor areas in Egypt and maximise job creation among women and youth in the country.
The index climbed 0.9 per cent to 3,013 points, its highest close since October 2008.
The firm acquired the hotel from a unit of Dubai World for an undisclosed sum.
Egypt promised to pay $1.5 billion of the $6 billion it says it owes foreign oil companies.
Bank loan growth to the private sector was 13 per cent in October, the slowest rate of expansion since May last year.
The Kingdom’s economy expanded at an annual rate of 3.1 per cent in the third quarter of this year.
A study found that there is a significant gap between the belief about ethics and industry practices among finance executives.
The Gulf Monetary Council has dismissed media reports of four GCC countries launching a common currency.
Standard Chartered has reported 10 consecutive years of record income and profits.
Qatar had been a firm backer of Mursi’s Muslim Brotherhood and lent or gave Egypt $7.5 billion during the year he was in power.
IPIC, which owns stakes in companies such as Spain’s Cepsa and Austria’s OMV, made a net profit of Dhs3.2 billion.
The Dubai developer is now valued at $2.65 billion.
Up to 85 per cent of non-resident Indians in the UAE remit their salaries, revealed a survey by Friends Provident.
Ibdar was launched as a brand on Monday following the merger of Capivest, Elaf Bank and Capital Management House.
The bank did not disclose the actual terms of the offer.
The lender lost $39 million in a global pre-paid card fraud.
Shadi Sadeek Sanbar has worked with the firm for over eight years and is seen as a close aide of the Saudi billionaire.
The index climbed 1.6 per cent to finish at 2,946 points, its highest close since October 2008.
Dubai’s grand expenditure plans for Expo 2020 will add value to the emirate’s economy.
Employers would pay money earmarked for future retirements into a central system that would manage the money under Islamic principles.
The emirate’s bourse rose above the 3,000 point level for the first time since November 2008.
A successful Expo bid will boost Dubai’s economy but a risk of debts due to overspending looms.
The confidence in the UAE banking sector is quite strong, says Central Bank governor.