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Britain’s Prime Minister David Cameron two-day visit in the United Arab Emirates which concentrated on ways of boosting economic ties, with special emphasis on the defense industry as it could be remarked in their released joint statement has come to Read more
Abu Dhabi Oil Refining Company (Takreer), a subsidiary of Abu Dhabi National Oil Company (ADNOC), has concluded an EPC (Engineering, procurement and construction) agreement deal with the South Korean engineering giant Samsung for the construction of a carbon black and Read more
Abu Dhabi Islamic Bank (ADIB) is considering a sale to boost its core capital ratios ahead of an investors meeting on Wednesday. It’s the largest sharia-compliant lender by market value in Abu Dhabi and rarely issue sukuks. A source at Read more
The new chief executive of Dubai Mercantile Exchange (DME) wants to change the way the exchange has been operating. He is thinking of refreshing its Oman crude futures contract by attracting major consumers and Middle East banks, rather than national Read more
A report from Arab Petroleum Investments Corp has revealed that oil producers in MENA are planning a total investment of US$740bn on energy projects over the next 5 years (2013-2017). The five countries leading the investment table are Saudi Arabia Read more
A memorandum of understanding to develop aircraft financing and leasing opportunities of mutual benefit in the Middle East market has been signed between the National Bank of Abu Dhabi (NBAD) and aircraft manufacturer, Boeing. The agreement can boost investment for Read more
As the European market remains unstable for investors to venture into it, interest has been turning more on the Middle East and North African region despite the existing tensions. A private equity firm of the United States of America known Read more
In a bid to reduce its cost of operation and invest in richer markets, Switzerland’s second-biggest bank is reducing its investment banking team in Dubai as it takes some of them to Qatar. According to sources, Credit Suisse taking its Read more
There are doubts over whether the operations and ownership of financial institutions in the Middle East and North Africa are heading for a change after unusual buy out deal was announced at a company in the United Arab Emirates. The Read more
During an exclusive interview, Khalaf al-Habtoor, chairman of the Al Habtoor Group, said he expects the group to obtain 850 million dirhams ($231 million) in profit this year before pointing out that they are looking forward to raising as much Read more