Over 200 industry leaders are expected to converge at the GCC region’s first debt restructuring and NPL-focused summit in Dubai in September. Middle East Global Advisors, a leading financial intellige... ( read original story ...)
Spotlight: Fruitful China-UAE financial cooperation opens up possibilities for Gulf region
ABU DHABI, July 19 (Xinhua) -- As the first Gulf country to forge a strategic partnership with China, the United Arab Emirates (UAE) has enjoyed fruitful financial cooperation with China over the past ... ( read original story ...)
Dubai Financial Market : Bahrain’s GFH denies exposure to Abraaj
Dubai – Mubasher: Bahrain-based GFH Financial Group has affirmed no exposure to the ailing private equity firm Abraaj Group. The group indicated it has signed an agreement to acquire Abraaj’s stake in ... ( read original story ...)
Saudi Aramco in talks to buy stake in world’s no. 4 chemical firm
DUBAI (Reuters) - Saudi Aramco IPO-ARAM.SE said on Thursday it is looking to buy a strategic stake in Saudi petrochemical maker SABIC 2010.SE, a move that could boost the state oil giant’s market valu... ( read original story ...)
Dubai’s Mashreq posts 5.2% rise in H1 net profit
Dubai-based Mashreq Bank on Wednesday posted a 5.2 percent increase in net profit to AED1.2 billion for the first half of 2018 compared to the year-earlier period. Operating ncome was up by 3.7 percen... ( read original story ...)
UAE Tops List of 84 Most Complex Countries for Compliance; Ireland Is Simplest
Besides the UAE, Qatar, China, Argentina and Malaysia were ranked in ... Brazil and Uruguay. “As the global push for financial transparency continues, international firms face an increasingly complex ... ( read original story ...)
Hedge Fund York Capital Joins Race for Abraaj Assets
York Capital Management, the hedge fund run by Jamie Dinan, is the latest party to join the race to buy the asset-management platform of embattled Dubai private-equity firm Abraaj Group, according to ... ( read original story ...)
Dubai Islamic Bank Group 1st Half 2018 Financial Results
Dubai Islamic Bank (DFM: DIB), the first Islamic bank in the world and the largest Islamic bank in the UAE by total assets, today announced its first half results for the period ending June 30, 2018. ... ( read original story ...)
Report: UAE banks continue to register higher profitability
on Sunday said in its latest UAE Banking Pulse for Q1 2018 report. Comparing the data of the 10 largest listed banks in the UAE, this UAE Banking Pulse report looks at the first quarter of 2018 (Q1 20... ( read original story ...)
Dubai Bank credit officer charged with a plot to steal Sh245 million
NAIROBI, KENYA: A credit officer at Dubai Bank Kenya (in liquidation) has been charged with a plot to steal Sh245 Million. Rajab Ahmed Karume appeared before Milimani Senior Principal Magistrate Marth... ( read original story ...)