Dubai International Financial Centre (DIFC) to grow three-fold over the next 10 years Aims to position the Centre among the top 10 financial centres globally Plans to domicile 1,000 financial firms in the next 10 years, in comparison to 362 in...
Dubai based financial consultant Jessica Cook offers five financial fundamentals to get you off to a kick- start the New Year and get your finances in order 2015 is almost upon us and the New Year is the perfect time...
A top government official has revealed that Oman is considering the issuance of a U.S. dollar-denominated sovereign bond, which would mark the return of Sultanate to the international bond market. Speaking to Reuters, Omani finance minister Darwish al-Balushi stated that...
2015 will prove to be an active year for SWFs (Sovereign Wealth Funds) in the Middle East, says KPMG Report - UAE is home to one of the largest SWFs in the world - Low interest rates, evolving investment strategies...
Banking & finance could serve as a key sector for maximising employment for women in the UAE Emirati women are more likely than their male counterparts to consider a position in banking and finance (29% vs 11%) found a major...
The international rating agency Moody’s Investor Service on Wednesday maintained its stable outlook on the banking system in the United Arab Emirates. The Moody’s statement covered banking system’s creditworthiness over the next 12-18 months and kept its stable outlook unchanged...
Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Emirates NBD, rang the opening bell at Dubai Financial Market (DFM) today to celebrate the listing of two Sukuk by Emirates Islamic Bank (EIB) on NASDAQ Dubai. EIB’s choice of the region’s...
Overall Global Economy to See 3.3% Growth in 2014. IHS Top10 Predictions foresees an end to “wallowing in an economic soft patch." After wallowing in an economic “soft patch” for the past two years, the global economy is likely to emerge...
The UAE and Qatar receive upgrades to 'Emerging Market status' by Morgan Stanley Capital Investments. The upgrade facilitates foreign investment in both UAE and Qatar. New Emerging Markets. After a wait of several years, the equity index provider Morgan Stanley Capital International...
The Qatari Financial Sector is making an increased effort to attract Foreign Direct Investment within the State of Qatar. According to  H.E Yousef Hussain Kamal, Minister of Economy and Finance and Chairman of the Financial Markets Development Committee, this is...
The MENA M&A market depicted strong activity during 4Q 2014, prolonging its steady performance of the last 2 years. The sustainable economic growth profile, driven by the large fiscal safety net, by the ongoing diversification away from hydrocarbons and...
The outlook for the UAE's banking system has been changed to stable from negative, says Moody's Investors Service in a new report published today. The outlook change reflects the continued improvements in the operating environment, as well as the ongoing...
EU, US firms set to regain lost Iranian trade on the back of temporary trade relief. The West may have singled out Iran's automotive and aviation sectors for temporary sanction relief, but a much wider group of European and U.S....
The first thing any individual needs to do when they undertake any sort of financial planning is to seek out a reputable and regulated advisor and firm. There are many firms to choose from, particularly in the Middle East....
The nomination of the new Fed Chairman has raised key questions about the effects on world markets and new policy going forward. As Larry Summers drops out of contention to become the next Federal Reserve Chairman, it seems the new...
During the 2008 and 2009 global financial crisis, banks were bailed out using taxpayers money. It has now been noted that that was "unfair". Mark Carney, the chairman of the Financial Stability Board (FSB), a global regulator and the governor...
In a fresh development, the central bank of United Arab Emirates has agreed to conditionally remove a UAE loan transfer ban on personal loan transfers between the various UAE banks. The central bank imposed a three month ban on the...
MasterCard announced it is restructuring its Middle East and Africa business. The announcement comes at a time when the global credit firm is trying to cash in on steady population growth, continuous economic development and a huge chunk of young consumers...
New market data suggests that Qatari bank lending is expected to rebound as the tiny Gulf state is all set to pump billions into various infrastructure projects. For the second half of the current year, QNB, the Middle East’s largest...
Qatar, Indonesia, Saudi Arabia, Malaysia, UAE and Turkey represent 78% of global Islamic banking assets: EY -          Global Islamic banking assets with commercial banks are expected to reach US$1.72 trillion in 2013 -          Islamic banking assets with commercial banks globally reached...
What is it that the banks fear today the most? There are a variety of risks in the global scenario.  If banks faced a perfect storm in 2008, then they are now set to face the next thing up -...
Today's ECB meeting and subsequent speech by Draghi will shape the future outlook in the markets and will define future policy directions. Words used by influential policymakers often work effectively to shape the future of the financial markets. ECB Chairman,...
  YouGov's latest survey finds that although UAE residents are generally happy with their current financial situation, they worry about their financial future due to fear of job loss and pay cuts Financial planning is an important part of most people’s...
What are the biggest mistakes to avoid when it comes to your pension? All too often I’m immersed in the reality that so very many individuals I work with are putting planning for their financial future on the back burner....
Mashreq CEO highlights growing role of Dubai as global hub for trade and finance The Middle East & Africa day at Sibos began with a speech by Alain Raes, Chief Executive, EMEA & APAC at SWIFT, who then introduced to...
G20 must help Financial Services promote jobs and economic growth: KPMG report KPMG urges regulatory bodies in the UAE to continue their efforts to ensure the regulatory environment encourages bank lending to SMEs, infrastructure and trade finance New report presented to...
Barclays is carefully assessing its UAE retail banking operations and may consider options that could lead to a sale of the business. Sources familiar with the matter have disclosed that the British bank, fourth-largest by market value in its home...
It seems the Indian rupee is still susceptible to volatile price swings -- first seen in the 1990's -- and that vulnerability was recently exposed when the rupee fell to an all-time low of nearly 70 rupees per dollar. The...
New UBS Investor Watch study reveals strong appetite for sustainable investments among U.A.E. investors A recent study of High Net Worth Investors finds stark global differences: China, Brazil and the U.A.E. have the highest rates of adoption in sustainable investing;...
Saudi banking experts have claimed that the kingdom’s banking system is safest in the Arab world Earlier this week, CNBC Arabia had reported that 5,000 fraud cases took place out of 1.3 million ATM cash withdrawals recently in the country....