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KAMCO wins “Best Debt Bank in the Middle East – 2019”

KAMCO Investment Company, a leading investment firm with one of the largest AUMs in the region, won the “Best Debt Bank in the Middle...

Regional Investors Expected to Closely Monitor OPEC Meeting

Global equity markets staged a recovery during the previous week on the back of continued optimism over progress made towards Phase 1 trade deal...

Saudi eXtra IPO opens for subscription on December 5, 2011

IPO to open to all Saudi nationals following completion of book-building process

US Dollar Remains Weak despite Dip in Commodity Prices

This week may provide the decision point for the USD. With Non-Farm Payrolls due this Friday, the uncertainty surrounding the American recovery will undoubtedly...

Salam International Investment will be delisting their shares from the DFM

Salam International Investment Limited "SIIL" decided a voluntary delisting of its shares from the secondary market "Dubai Financial Market" (DFM), as of Sunday 15/03/2009. This...

Emirates NBD and HDFC Bank launch online remittance facility for...

Enables direct remittance of  funds into HDFC Bank accounts Facilitates overseas remittances by Indian expatriate community Emirates NBD, a leading bank in the region, announced today,...

Real Estate Still Top Investment for UAE Residents

Real estate is the most popular class for investment for UAE residents, according to a new survey. Although investors prefer property over the traditional...

UAE Central Bank will keep Dollar Peg

The United Arab Emirates will keep its dollar peg despite  S&P's downgrade of the U.S. economy, according to a central bank official comments to...

Real-time Automated Payments in DIFC

The Dubai International Financial Centre (DIFC) today announced that it has signed a Memorandum of Understanding (MoU) with the Central Bank of the...

Where and How to Invest in Dubai: Trends and Opportunities

Dubai FDI releases report on investment prospects across key sectors in the emirate Dubai FDI, the foreign investment agency in the Department of Economic Development...

UAE Central Bank’s governor calls for reduced interest rates on loans

Sultan bin Nasser Al Suwaidi, Governor of the UAE Central Bank has called on the banks operating in the country to cut interest rates...

Investors Increase Cash Positions and Scale Back GEM Equity Exposure

Fears Growing Over China, but Europe and U.S. Holding Firm Growing fears of a hard landing for China’s economy have further marginalized emerging market equities....

Emirates Angels Investors Association Launches to Accelerate Innovation and Entrepreneurship in...

Young entrepreneurs established a network of angel investors to support start-ups and stimulate investment in future industries In a bid to contribute to...

Western Union Commits $100,000 to Flood Relief Efforts in Pakistan

To help the victims of Pakistan’s natural disaster of heavy rains and flooding affecting upwards of 14 million people, The Western Union Company (NYSE:WU),...

UAE looks forward to direct debiting

According to sources from within the banking industry, a new federal direct debiting system has been introduced by the UAE Central Bank. Last week,...

Central Bank of the UAE announces increase in money supply by...

Central Bank of UAE, announced money supply M0 increased by 4.2 per cent from AED 49.9 billion at end of September 2011 to AED 52.0 billion at the end of October of same year.

Top 10 Companies Hold $15 Billion in Bitcoin, 4% of Total...

Bitcoin has witnessed a major spike in 2020 hitting new price levels recorded almost three years ago. With the price surge, Bitcoin demand is...

Pride and Frustration in Gulf Banks

Staff in Gulf banks are both proud of, and frustrated by, their work, according to Hay Group. Research conducted in the region by the...