Category: FINANCE

DUBAI, United Arab Emirates — As pressure on North Korea grows over its nuclear weapons program, America’s most valued Arab allies host thousands of its labourers whose wages help Pyongyang evade sanctions and build the missiles now threatening the U.S ... ( read original story ...)

Dubai: Bank of Sharjah has reported a net profit of Dh152 million for the first half of 2017, down 13.6 per cent compared to Dh176 million for the same period of 2016. “Net profit was affected mainly by a marginal increase in cost of funds, and equity ... ( read original story ...)

DUBAI/LONDON (Reuters) - Saudi Aramco's advisers have recommended ... A final decision on the venue for what is expected to be the world's biggest IPO and is targeted to raise $100 billion will be taken by Crown Prince Mohammad bin Salman, who is ... ( read original story ...)

DUBAI, July 27 (Reuters) - Mashreq, Dubai's third-largest bank by assets, has seen a drop off in demand for business in Qatar since a dispute erupted between the Gulf state and its neighbours, Chief Executive Abdulaziz al-Ghurair said. Banks in the United ... ( read original story ...)

Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan on Thursday urged United Arab Emirates (UAE) Central Bank to disclose details of non-resident account holders under the international agreements. Panama Papers probe, in its final report, revealed Prime ... ( read original story ...)

Banks and other financial institutions operating in the United Arab Emirates have been instructed to search for and freeze any accounts or deposits or investments held by individuals or entities designated as terrorists or terrorist organisations by the ... ( read original story ...)

ISLAMABAD: Declaring Iqama [work permit] a kind of protection and safe passage under international agreements, Pakistan Tehreek-e-Insaf (PTI) chairman urged United Arab Emirates (UAE) Central Bank to disclose all details of ‘non-residents’ account ... ( read original story ...)

Dubai: Saudi Arabian Oil Co. isn’t the only one keeping IPO markets busy in the Middle East. A slew of companies from the United Arab Emirates, both sovereign-owned and privately held, are lining up initial public offerings in a bid to capitalise on ... ( read original story ...)

Dubai-based mortgage firm Amlak Finance has completed the first phase of its new residential development project in Mirdiff, it announced on Monday. The Dhs135m villa project marks the first time Amlak is developing a fully-owned property. The project ... ( read original story ...)

DUBAI (Reuters) - The United Arab Emirates' central bank has asked all banks and financial institutions to stop dealing with 18 more individuals and entities with alleged links to Qatar, the state news agency WAM reported on Thursday. The move makes it the ... ( read original story ...)