Wednesday 18 January 2017

Sico, Trucial sign tie-up for US property fund

Bahrain’s Securities & Investment Company (Sico) has entered into a strategic partnership with Dubai-based Trucial Investment Partners, an asset management and advisory to manage a US real estate fund. The partnership was signed by Sico chief executive Najla Al Shirawi


Low oil slows Kuwait’s non-oil expansion: IMF

Economic activity in Kuwait’s non-oil sector continued to expand in 2016, albeit at a slower pace, reflecting the impact of lower oil prices, said an IMF report. Non-hydrocarbon growth slowed from 5 per cent to an estimated 3.5 per cent in 2015, as higher uncertainty weighe


Consumer experiences drive spending at DSF

Consumer spending on experiences, rather than more traditional sectors like fashion retail and luxury goods, saw the biggest growth during the first two weeks of Dubai Shopping Festival (DSF), said  Visa, a payments technology company. An increasing number of consumers are u


Naeem joins Nasdaq Dubai equity futures

Leading brokerage Naeem Shares & Bonds (NSB) said it has joined Nasdaq Dubai’s equity futures platform as a member, in order to connect its UAE, Egyptian and international clients to the fast growing market.   As a subsidiary of Naeem Holding, one of the region&rsqu


Dubai forecasts 3.1pc economic growth this year

Dubai is forecasting a higher economic growth of 3.1 per cent during 2017 and plans to provide an economic outlook twice every year in a bid to promote transparency. The emirate’s economy grew by 2.7per cent in 2016 despite declining oil prices, sluggish growth in developed


Bahrain to host sixth GCC Financial Forum

Euromoney Conferences, the world’s leading organiser of conferences for cross-border investment and capital markets and co-host, the Bahrain Economic Development Board (EDB), have announced the return of the GCC Financial Forum. The sixth annual event, which has grown to be


Saudi growth to decline this year: IMF report

Saudi Arabia is expected to see a decline in growth to 0.4 per cent in 2017, compared with a growth of 1.4 per cent in 2016, an IMF report said. The kingdom is expected to grow at 2.3 per cent in 2018. The Middle East, North Africa, Afghanistan and Pakistan region is also expecte


Microsoft hosts roundtable on digital transformation

Microsoft recently hosted a leadership roundtable on the potential value returns digital transformation can bring to the financial services industry in partnership with the Bahrain Association of Banks (BAB). The event gathered leaders from banking and capital-markets to hear how


Meftech to feature global fintech experts

Meftech, the region’s most prestigious financial technology exhibition upcoming in Abu Dhabi,UAE has announced a trio of global thought leaders as headline speakers. Chris Skinner, CEO of Balatro Ltd, Jim Marous, owner of the Digital Banking Report and JP Nicols, bank innov


UAE ‘second largest FDI recipient in W Asia’

The UAE was the second largest FDI recipient in the West Asia region in 2015, after Turkey, according to the FDI report set to be released by   Abu Dhabi Global Market (ADGM) at the upcoming Annual Investment Meeting (AIM) 2017 in Dubai. “ADGM is pleased to be par

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