Saudi Crackdown Sent Shivers Through Largest Middle East IPO

The government of Dubai is the largest shareholder in parent Emaar Properties, while Abu Dhabi has close ties with the Saudi regime. "We are pleased to have received significant retail and institutional support for our IPO, the first in Dubai in three ... ( read original story ...)

Slight fall in Dubai gold prices as dollar holds up

22-karat gold can be bought for Dh145.25 in Dubai Gold prices inched down on Tuesday ... according to Reuters technical analyst Wang Tao. Hedge funds and money managers raised their net long position in COMEX gold by 7,027 contracts to 173,562 contracts ... ( read original story ...)

UAE banks federation unveils new brand identity

Reinforcing its pivotal role in driving the continuous growth and development of the country’s banking sector, the UAE Banks Federation, a professional representative body comprising 48 member banks operating in the UAE, has launched a new brand identity. ( read original story ...)

DIB Wins UAE’s Strongest Islamic Retail Bank for 2017

Dubai Islamic Bank, the UAE’s largest Islamic bank, took home the title of ‘Strongest Islamic Retail Bank’ in the UAE 2017 at the Islamic Retail Banking Awards (IRBA) for the third consecutive year. Hosted by Cambridge IF Analytica, the third Islamic ... ( read original story ...)