Register for our free newsletter

Latest News

Banking & Finance

Woman Using Her Mobile Smart Phone at Home. Close-up of Mobile P

Etisalat’s net profit drops by 40 per cent

The telecommunication company announces its Q2

August 2, 2015 9:00
Increase Sales Revenue

UAE’s Etisalat Q4 profit jumps 45 per cent, below forecast

The former telecommunications monopoly made a net profit of AED2.10 billion in the three months to December 31

February 26, 2015 10:19
Stock Market Trend

Dubai Holding has no plans to float firm or its units

By David French DUBAI, Feb 10 (Reuters) – Dubai Holding, the investment vehicle of the emirate’s ruler, has no plans to…

February 10, 2015 5:15
solar panels and wind generators under blue sky on sunset

Saudi’s ACWA Power, Spain’s TSK to build $327m Dubai solar plant

The capacity of Phase 2 of the Sheikh Mohammed bin Rashid Al Maktoum Solar Park would be increased to 200 megawatts

January 15, 2015 5:29
Dubai Marina Cityscape, Uae

Hidden costs for expats in the UAE

‘Anyone planning to [move to] the country, needs to look beyond the tax-free income, assess the overall costs and plan accordingly’

November 18, 2014 12:28
sukuk copy

Global sukuk supply less than half demand

Demand for sukuk projected to triple in five years; This year's issuance to set record but much smaller; E&Y says supply-demand gap could widen further; Awqaf are becoming major source of demand; Lack of intermediaries, common platform are constraints

September 9, 2012 11:49

PE firm buys 6.6 percent of Jordan Dubai Islamic bank

Jordan-based private equity firm Foursan Group has acquired a 6.6 percent stake in Jordan Dubai Islamic Bank, making it the bank's second largest stakeholder, Foursan said on Thursday.

September 6, 2012 5:42
Dubai's Tamweel picks banks for roadshows; sukuk may follow

Dubai’s Tamweel second quarter profit drops 33 percent

Quarterly profit drops for second straight quarter; Revenue falls, sales costs rise; Cash balance triples from 2011-end; Tamweel pulled asset-backed sukuk sale last week

July 11, 2012 12:26
Central Bank of Egypt

Egypt’s foreign reserves climb by $18 million in June

Egypt's foreign reserves rose by $18 million in June to $15.53 billion, their third month of increases after having dropped every month since the uprising that ousted Hosni Mubarak in February 2011, the central bank said on its website on Sunday.

July 9, 2012 10:45

Qatar’s QNB in $1.5 billion loan refinancing

The three-year loan, which replaces a $1.85 billion facility set to mature on July 22, will be marketed by Bank of Tokyo-Mitsubishi UFJ, Deutsche Bank, HSBC , JP Morgan and Standard Chartered, four sources said.

June 24, 2012 10:25