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: June 7, 2018
SAUDI ARABIA. The findings were indicative of a moderate improvement in business conditions, with the latest expansion being the strongest registered in three months.
Posted: June 6, 2018
UAE. Sharper growth in both output and new orders were the key drivers behind the latest expansion; New export business reached a 30-month high.
Posted: June 5, 2018
UAE. Jordanian deal is first sale of a secondary infrastructure asset in the Middle East; Groupe Airport De Paris now holds controlling stake.
Posted: June 5, 2018
AMSTERDAM. Gemalto technology enables Belgian itsme app to hit one million transactions a month.
Posted: June 4, 2018
UAE. ADGM has the most active FinTech regulatory sandbox in the region and second most active regulatory sandbox globally.
Posted: June 4, 2018
UAE. The coming period will be affected by the aftermath of the MSCI rebalances of last week, coupled with Ramadan and the upcoming holiday season.
Posted: June 4, 2018
UAE. The program, available for the first time in the MENA region, is focused on mentoring the CEOs of established businesses looking to scale operations.
Posted: June 1, 2018
UAE. Forty-eight percent of Middle East respondents cited fraud and corruption as the greatest risk to their company, followed by cyberattacks (38%), according to the 15th EY Global Fraud Survey.
Posted: June 1, 2018
INTERNATIONAL. There are key things that you have to pay attention to if you want to ensure you're able to retain customers and conduct ethical business in years to come.
Posted: June 1, 2018
BEIJING. SenseTime now enjoys a total financing of more than US$1.6 billion and a valuation of over US$4.5 billion, maintaining its position as the world's largest and most valuable AI unicorn.
Posted: May 31, 2018
UAE. Mr Salya, who created multi-billion pound construction and real estate company fund, Reign Holdings, appears in the list for the 2nd time.
Posted: May 31, 2018
KUWAIT. Profitability of Kuwaiti banks improved in 2017 due to increasing amounts of earnings-generating assets.
Posted: May 31, 2018
INTERNATIONAL. Vistalli Casa-BitcoinXcasa is 35 years experienced Italian famous real estate group that offer its own property solutions, in lovely Italian locations and accept payment in cryptos.
Posted: May 31, 2018
SAUDI ARABIA. The funding deals were led by venture capital firms, individual investors' networks, along with other governmental institutions.
Posted: May 31, 2018
UAE. Many countries across the Middle East have also committed to introduce BEPS recommendations in domestic legislation, which is likely to further sharpen the focus on transfer pricing in the region.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: June 16, 2018
UAE. MENA region recorded 93 deals amounting to US$15.4b in Q1 2018; UAE records highest announced Q1 deal value in the region at US$5.1b; Oil & gas deal value reached US$7.2b in Q1 2018; Almost 80% of MENA boards focused on portfolio transformation.
date:Posted: June 14, 2018
UAE. McAfee report sounds industry alarm: Don't start the blockchain revolution without making security a top priority.
date:Posted: June 13, 2018
UAE. 3.5 billion IoT cellular connections predicted for 2023; 5G commercial launches this year; 20% of global mobile data traffic will be on 5G networks in 2023.
UAE. MENA region recorded 93 deals amounting to US$15.4b in Q1 2018; UAE records highest announced Q1 deal value in the region at US$5.1b; Oil & gas deal value reached US$7.2b in Q1 2018; Almost 80% of MENA boards focused on portfolio transformation.
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