The Syrian chemical weapons crisis has sparked fear among Dubai investors.
The zone is seen as a challenge to neighbouring city state Dubai, which is the top financial centre in the region.
As regional confidence improves, Standard & Poor’s is looking to increase its presence in the region.
HSBC is advising SABB on the potential riyal-denominated sukuk issue to boost its Tier 2 capital position.
China’s Renminibi is touted to be a top trading currency along with the Euro and US dollar.
The Dubai-based developer has $2.2 billion debt maturing in 2015.
The lender also named a new chief executive of the Middle East and North Africa.
The regulators will supervise fund managers operating between the Dubai International Financial Centre and Europe.
The UAE lender seems to be ignoring impending regulations by the Central Bank to cap mortgages at 80 and 75 per cent.
New India, long buried since the crash, may see 2013 as its resurgent year. Can India overcome corruption and political hurdles to embrace greater global liquidity and a pick up in investor sentiment?
Oman became the last country in the GCC to adopt Islamic finance in December 2012.
The proceeds will be used by the lender for general business purposes.
Ali Asghar’s departure effectively means Lazard has no senior bankers in Dubai.
The $1 billion power plant will offer 33.4 million existing ordinary shares at a price of OMR1.59 per share.
Following the launch of a new ‘University pages’ feature, LinkedIn aims to target high school students.
A survey finds it takes more money to be considered wealthy in the UAE than it does in the United States or the UK.
As consumer lending perks up in the UAE, unsolicited calls from various banks pushing credit have reached pre-crisis levels.
Total state spending stood at QAR178.2 billion, slightly below the initial plan of QAR178.6 billion for the fiscal year ended in March.
The Bayt.com index survey found that 30 per cent of MENA companies are hiring in the next three months.
Tumbling bonuses in the west and improved employment prospects in the UAE are attracting British expats to the country.
The industry is growing because of increased business activity in the region.
Skrill, an online payment system in Europe, was sold to funds advised by CVC Capital Partners.
Emirates NBD, a majority stake-holder in UP, sold down its stake from around 48 per cent to around 31.4 per cent in the first half of this year.
Political unrest and sectarian conflicts in countries like Egypt and Syria have deterred potential investments in the region.
Bullion imports are plunging as an increase in tax on financing shipments boosts costs for jewellers. But can the move really save the country’s economy?
The contractor revealed second quarter net profit of Dhs92.4 million, up from a loss of Dhs11.6 million on the same period in 2012.
Banks in Qatar have been waiting for the central bank’s guidance on how debt instruments will be treated under the new Basel standards.
The announcement papers over the economic cracks still seen on a country-by-country basis as Spain saw its economic output fall 0.1 per cent.
The surge in currency volumes trade was driven mainly by Indian Rupee futures and trading in other currencies such as the Euro and Yen.
The bank’s corporate banking, private banking and investment banking activities in the UAE are not part of the review.