Abu Dhabi Bank Said To Seek $136m Savings By Cutting Jobs
Sources say Abu Dhabi Islamic Bank also plans to shut some local and international branches Read more
UAE's E-dirham Revenues Top $6bn In 2019
E-dirham system was launched in 2001 and is used by several ministries, federal and local authorities as a method of non... Read more
GCC Issuances Help Drive $42.2bn Sukuk Market In 2019
Global sukuk issuance rose 6 percent in 2019 as the range of issuers and investors broadened, says Fitch Ratings Read more
Bahrain's Investcorp Buys US Gourmet Food Distributor
Investcorp has announced that it has acquired Fortune International, a super-regional specialty distributor of seafood a... Read more
UAE-based Eltizam Outlines Ten-year Aggressive Growth Plan Worth $2.6bn
CEO Chris Roberts expects revenues to double by the end of 2021 with plans for Saudi, Egypt, Bahrain and Kuwait Read more
Commodities Set To 'fizzle' Amid Coronavirus Threat, Says Mubadala Exec
Mubadala deputy CEO Waleed Al Mokarrab Al Muhairi says coronavirus makes it harder for investors to decide where to put ... Read more
UAE Investment Firm Buys 1,352 Homes, Offices In $272m Deal
Sheikh Mansour-owned Emirates Strategic Investments Company acquires two mixed-use properties in the UAE Read more
Malaysia's Largest Islamic Bank Opens First Overseas Branch In Dubai
Maybank Islamic is the Shariah-compliant division of Malaysia's largest lender Malayan Banking Berhad Read more
Dubai's Shuaa Capital Completes Deal To Sell Market-making Business
Shuaa says it has sold its market-making unit in all-cash deal to Al Ramz Corporation Investment & Development Read more
Embattled NMC Health Gets Preliminary Takeover Approaches
NMC Health also said a re of its shareholders suggests that the size of the stakes of chairman BR Shetty's and other inv... Read more
Emirates Investment Bank Hires Ex-Al Rajhi Capital Boss As New CEO
Gaurav B Shah brings over 20 years of experience in wealth and asset management and investment banking Read more
How The UAE Plans To Give More Protection To Bank Customers
Consultations start on plans to establish new financial consumer protection regulatory framework in the UAE Read more
Unit Of Bahrain's GFH Inks $250m Deal For US Hotels
GFH Capital has announced that it has acquired a hospitality portfolio in the United States in partnership with Arbor Lo... Read more
Bitcoin Breaches $10,000 To Hit Highest Level Since October
Bitcoin's rise above $10,000 comes amid an equities rally that's seen the S&P 500 Index reach new highs as fears aba... Read more
Increasing Wealth Expectancy In The UAE
The UAE's wealth creators show a tendency to focus financial decisions on the here-and-now, Sonny Zulu, Head of Retail B... Read more