Wednesday 16 April 2014

Israel imposes sanctions against Palestinians

Israel has imposed economic sanctions against the Palestinians in retaliation for their leadership signing international conventions, moves that further complicate US efforts to keep peace talks from collapsing before an April 29 deadline. An Israeli official, speaking on conditi


Entrepreneurs pillars of growth: expert

Entrepreneurs are the pillar of economic growth and play a cruicial role in investment opportunities creation in the GCC region, said a senior executive.   Speaking at the CFA Institute’s ‘Middle East Investment Conference,’ which concludes tod


Mubadala hires six banks for Eurobond issue

Abu Dhabi's Mubadala has hired six banks to lead manage a new Eurobond issue, according to several market sources. The state-owned fund has appointed Bank of America Merrill Lynch, Credit Agricole CIB, Deutsche Bank, Goldman Sachs, HSBC and National Bank of Abu Dhabi to manag


Android botnet 'targeting ME banks’

Sandroid, a new botnet targeting the online bankers in the Middle East, has till date infected more than 2,700 Android smartphones and has intercepted at least 28,000 text messages of the users who bank at financial institutions in the Middle East, said an expert. The crude yet r


Saudi deputy crown prince denounces banks

The second-in-line to the Saudi Arabian throne has denounced banks in the kingdom, saying they are contributing too little to society compared to what they take, Saudi media reported on Wednesday. There were no indications that the comments by Deputy Crown Prince Muqrin bin Abdul


Qatar, UAE stocks gain on MSCI upgrade

Top Gulf stock markets, Qatar and the UAE, have posted significant gains since the release of the provisional list by MSCI in June 2013, according to experts.   Having improved in both size and liquidity, many stocks from these two markets can now be part of the MSCI EM index


BIBF focuses on sharia-based risk management

Bahrain Institute of Banking and Finance conducted a training course on concepts, strategies and instruments used for hedging risks in Islamic Finance recently.   The two-day course was delivered by Dr Sami Ebrahim Al-Suwailem, head of Financial Product Developm


QNB posts 13.7pc profit rise in Q1

Qatar National Bank, the largest lender in the Gulf region, has said its first-quarter net profit rose 13.7 per cent.   The bank reported a net profit of QR2.4 billion ($659.1 million) for the first three months of 2014, a company statement said. &n


Strategy development leaders to meet in Dubai

Leaders in strategy development are set to meet in Dubai to discuss strategic growth in Middle East markets at a forum next week.   The Strategy Leaders Forum, which will run from April 13 to 17 at the Address Hotel Dubai Marina, will address formulating, implem


Mideast M&A activity drops 15pc in Q1

Middle Eastern merger and acquisition activity recorded $5.7 billion in the first quarter, 15 per cent less than the $6.8 billion during the same period last year, according to an analysis by Thomson Reuters, a leading source of intelligent information for businesses and professionals.

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