UAE is largest Arab foreign direct investor by more than $57 billion
The UAE has pumped more than $57 billion into foreign markets to emerge as the largest capital exporter in the...
Finance
Bahrain encourages banks to enhance Islamic finance
The Kingdom is encouraging some of its sharia-compliant banks to join forces to be better capitalized and equipped to deal...
UAE 3rd most competitive economy in Middle East
The UAE ranks as the third most competitive economy in the region after Qatar and Saudi Arabia, according to the...
Investments in Jordan to surpass USD2b in 2012
Jordan Investment Board's (JIB) acting CEO, Awni Rushoud, stated that investment inflow to the country for the current year is...
Jordanian projects draw Korean firms
Investments from Korea will be a 'big' boost for capital inflows into the Kingdom, according to Jordan Investment Board (JIB)...
Abu Dhabi Islamic Bank launches Iraq operations
Abu Dhabi Islamic Bank (ADIB) said it has become the first UAE-based financial institution to receive a full operations banking...
Saudi mortgage law to spur Islamic finance
Saudi Arabia's approval of a landmark mortgage law this week after a delay of more than three years will give...
UAE Central Bank tells lenders to hold 10% of liabilities in liquid assets
The United Arab Emirates central bank is preparing local lenders for new Basel III banking supervision standards by requiring them...
Qatar buys Valentino fashion house
Italian fashion house Valentino has been snapped up by the Qatari royal family for 700 million euros ($857.5m), the latest...
Top 50 banks in the GCC revealed
Saudi Arabia’s Al Rajhi Bank has topped a list of the Gulf’s top 50 banks. Saudi Arabia’s Al Rajhi Bank...
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