Category: FINANCE

Tom Anderson, an investment manager at independent financial advisers Killik, who advises clients in Dubai, recommends drawing up a budget so you can see exactly what is coming in every month, and what is going out. Work through your bank and credit card …
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DUBAI, Dec 27 (Reuters) – A senior UAE diplomat said on Wednesday the Arab world would not be led by Turkey, the Gulf State’s first comment on Ankara since a quarrel broke out last week over a retweet by the Emirati foreign minister that President Tayyip …
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The UAE banking sector’s performance will see a stabilisation as the economy also does so with the recovery in crude prices and strong capitalisation of financial institutions, according to industry analysts. “We think that 2018 will be marked by a …
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Union Properties has announced its intention to raise capital through an initial public offering (IPO) of the shares of ServeU, its facilities management subsidiary, in the second half of 2018. The company said it will list the ServeU shares on Dubai …
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Dubai – Mubasher: Union Properties (UP) on Monday unveiled a plan to offer the shares of its facilities management unit, ServeU, in an initial public offering (IPO) in the second half of 2018 on the Dubai Financial Market (DFM). UP also plans to invest …
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DUBAI, United Arab Emirates — Saudi Arabia and the United Arab Emirates, which have long lured foreign workers with the promise of a tax-free lifestyle, plan to impose a 5 per cent tax next year on most goods and services to boost revenue after oil …
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Dubai – Mubasher:UAE stock market indices are capable of rebounding higher in the coming sessions as stocks have fallen to significantly attractive prices, analysts told Mubasher. The Dubai Financial Market (DFM) closed Sunday down 0.48%, while the Abu …
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Dubai was able to achieve growth rates that exceeded that of developed economies despite the decline in oil prices. Growth in 2016 was supported by growth in key economic sectors, such as manufacturing, transport and storage, real estate, finance and …
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Dubai: The Dubai Financial Market (DFM) witnessed another subdued session on Sunday as lack of activity ahead of year-end holidays kept traders on the sidelines. The DFM closed 0.48 per cent down at 3,348.81 on Sunday. Khaleeji Commercial Bank, which saw …
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Dubai: The banking sector in the Gulf Cooperation Council (GCC) is expected to deliver a stable performance in 2018, reflecting strong financial fundamentals, particularly in the largest banking systems such as the UAE and Saudi Arabia, according to rating …
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Dubai – Mubasher: The UAE stock markets are likely to see a bullish trend during Thursday’s trading session and over the coming sessions as real estate stocks are expected to resume rising. By the end of Wednesday’s trades, the Dubai Financial Market …
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Average basic salary rises in the UAE are set to be in the region of 3 percent next year, according to global remuneration expert Robert Mosley. He predicted the pay increases despite an uncertain economic climate in the UAE with the imminent launch of …
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DUBAI — The economic activity associated with initial public … The UAE figure does not include $851 million IPO done by Adnoc Distribution in mid-December. The overall IPO activity from the Middle East saw a 225 percent increase in terms of volume …
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The private-banking arm of Oversea-Chinese Banking Corporation is adding more staff in Dubai, as the Singapore lender seeks a greater role managing the money of the Middle East’s wealthy and of Indians living overseas. Bank of Singapore plans to hire …
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SINGAPORE (BLOOMBERG) – The private-banking arm of Oversea-Chinese Banking Corp is adding more staff in Dubai, as the Singapore lender seeks a greater role managing the money of the Middle East’s wealthy and of Indians living overseas. Bank of Singapore …
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The United Arab Emirates (UAE) topped the list of countries in terms of raising capital through initial public offering in 2017. Four companies in the UAE raised a total $1.287 billion in 2017, followed by Saudi Arabia, which raised $663 million, according …
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Amanat Holdings on Thursday announced that it has increased its stake in Taaleem Holdings, one of the UAE’s largest providers of K-12 primary and secondary education, to 21.7 percent. The GCC’s largest investment company solely focused on healthcare …
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