Finance & Banking

FEATURED REPORT...
Posted: 11-08-2011
UAE. Dubai state companies are securing bank financing as the latest tumult in global markets fails to derail the emirate's recovery from the 2009 debt crisis. Dubai Holding LLC, one of the three main state-owned holding companies, reached an accord with lenders to extend a US$1.16 billion loan to December 2016, according to a company official. Port & Free Zone World FZE, an intermediate holding company for port operator DP World Ltd. (DPW), is raising US$850 million to refinance debt, three bankers familiar with the plan said. Investment Corporation of Dubai said on August 8 it will rep
Posted: May 25, 2017
UAE. Over 25% of successors think they will lose market share to new entrants; Quicker than ever, the past is being left behind - a tendency that in the perception of many goes against the tradition of family-owned businesses.
Posted: May 25, 2017
UAE. 88% of executives surveyed in the Gulf region experienced a fraud incident in the past year compared to 62% in 2015, according to the Kroll Annual Global Fraud and Risk Report - the highest increase of any region.
Posted: May 19, 2017
UAE. Fetchr is a delivery-business and consumer technology app dedicated to disrupting shipping by eliminating the need for a traditional address, using its patented mobile technology solutions.
Posted: May 18, 2017
UAE. "We have incorporated sustainability as one of our key growth deliverables, and are proud to be a regional leader in innovation by developing smart and user-friendly products & services."
Posted: May 16, 2017
INTERNATIONAL. Britain's Labour Party has announced that if elected it would introduce a 45% income tax rate on incomes over 80k pounds, and a 50% rate over 123k.
Posted: May 15, 2017
SAUDI ARABIA. Deloitte hosts VAT academies in Saudi Arabia and Bahrain; prepares companies for implications of VAT implementation; designed for legal, tax and finance experts who want to have a better understanding from experts on the VAT legal framework.
Posted: May 15, 2017
UAE. Over the week Qatar was the best performer (+ 1.7%), breaking the 10,000 point up, followed by Egypt (+ 1.6%); UAE markets were mainly flat over the week.
Posted: May 12, 2017
SAUDI ARABIA. Riyadh seeking private investment and partnerships for ambitious development programme outlined in Vision 2030.
Posted: May 9, 2017
SAUDI ARABIA. The private Fund was established by Swicorp in partnership with Retal Urban Development Company, a fast-growing urban developer in Saudi Arabia.
Posted: May 9, 2017
UAE. Deloitte reveals the regulatory opportunities and challenges facing the financial services industry and the five ways that institutions can take advantage of the new regulatory changes to drive efficiency and growth.
Posted: May 5, 2017
UAE. High costs, slow transactions are major pain points in cross-border payment transfers, reveals survey commissioned by PayCommerce; International payments to cross US$54.8 trillion by 2022; 67% of companies keen on shifting to more cost-effective and transparent methods.
Posted: May 4, 2017
UAE. The Dubai Gold and Commodities Exchange (DGCX) witnessed an eventful month of trading across its precious metals, base metals and currency segments in April.
Posted: May 4, 2017
OMAN. Oberthur Technologies announced the launch of Smart InHouse in Muscat, a new solution based on OT's Common Personalization System (CPS) in partnership with Bank Muscat.
Posted: May 3, 2017
UAE. 28 major transactions exceeding US$53 billion in total deal value.
Posted: May 3, 2017
BAHRAIN. Three Egyptian teams scoop the top prizes; Lebanon, Jordan and UAE teams share secondary prizes that total US$160,000

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: May 25, 2017
UAE. Over 25% of successors think they will lose market share to new entrants; Quicker than ever, the past is being left behind - a tendency that in the perception of many goes against the tradition of family-owned businesses.
date:Posted: May 25, 2017
UAE. 88% of executives surveyed in the Gulf region experienced a fraud incident in the past year compared to 62% in 2015, according to the Kroll Annual Global Fraud and Risk Report - the highest increase of any region.
date:Posted: May 18, 2017
UAE. 2020 Expo key to 'lukewarm' construction market in UAE with costs forecast to rise by 2% in 2017; Rest of the region including Qatar and Oman seeing construction slowdown and stable costs, reflecting oil prices.
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