Dubai's inflation in November rose to 2.3 per cent year-on-year, the highest since December 2009, said a report.
The food and beverage prices, which account for 11 per cent of the basket, jumped 4.3 per cent on an annual basis, the highest rate since August 2012, and 2.3 per
The Kuala Lumpur-based Islamic Financial Services Board (IFSB) has published guidelines on capital adequacy for Islamic banks and risk management of takaful, or Islamic insurance, as the industry body expands its activity and membership base.
Guidelines from the IFSB, one of the
Abu Dhabi-based forex and commodities trading firm ADS plans to gain a licence to operate in the UK by early next year and has become one of the first Middle East brokers to start pricing the Chinese currency for customers in the region, its managing director said.
ADS, which is
Egypt's Citadel Capital cut consolidated net losses in the third quarter by nearly 40 percent, the private equity group said on Thursday, as cost controls improved and as business recovered from years of turmoil in the region.
Consolidated net losses were 82.7 million Egyptia
Saudi Arabia's inflation in November edged up to 3.1 per cent year-on-year mainly because of higher food and housing costs, according to a report.
The prices of food and beverages rose 5.4 per cent year-on-year in November and 0.6 per cent from the previous month, stated the
The indebted Kuwaiti shareholder of British luxury carmaker Aston Martin has persuaded just under a third of its creditors to accept a debt restructuring deal that offers them shares in a portfolio of its assets, its financial advisor said.
The Investment Dar is among other Kuwai
Banks in Bahrain have been put on high alert amid fears of a rise in ATM fraud.
The Central Bank of Bahrain (CBB) yesterday issued a circular warning all financial institutions to be vigilant of skimming devices, said a report in the Gulf Daily News (GDN), our sister publication.
Bahrain's economy is bouncing back on positive outlook and major improvement in the security situation with major local banks expecting a seven to 10 per cent growth in their profits, said a report.
Local banks are expected to boost their profits by seven to 10 per cent, it w
The value of disclosed inbound merger and acquisition (M&A) deals in Middle East and North Africa region more than tripled to $3.9 billion in the third quarter from $1.1 billion last year, according to a report.
The domestic deal value increased by 170 per cent to $8.2 billio
Dubai Financial Market (DFM), which operates as a secondary market for the trading of securities, has inaugurated its educational trading floor at the American University in the Emirates (AUE).
The educational trading floor at the AUE is the latest of a chain of similar floors, b