Wednesday 17 January 2018

Abu Dhabi Financial Group sets up HQ at ADGM

Abu Dhabi Financial Group (ADFG), a leading global investment group, has set up its new offices in Abu Dhabi Global Market (ADGM) on Al Maryah Island, to allow for further expansion as the company continues on its growth trajectory. Jassim Alseddiqi, CEO of ADFG, said: “ADF


Bahrain non-oil growth to stay strong in 2018-19: report

Bahrain's non-oil growth will remain resilient in 2018 and 2019, with GCC investments keeping infrastructure spending levels elevated. This will help offset oil sector weakness and keep overall growth close to a reasonable 3 per cent, a report said.   


QDB participates in Complast Vietnam exhibition

Qatar Development Bank’s (QDB) export programme ‘Tasdeer’ participated in the recent Complast Vietnam 2018 exhibition in Ho Chi Minh City, as part of a special pavilion that brought together 14 Qatari companies in the plastics and rubber sector. The bank's p


S&P affirms stable outlook for Abu Dhabi

S&P Global Ratings has affirmed its 'AA' long-term and 'A-1+' short term foreign and local currency sovereign credit ratings on the Emirate of Abu Dhabi, a member of the United Arab Emirates (UAE). The outlook is stable. “At the same time, we affirmed ou


Saudi bank SABB names new board member

  Saudi British Bank (SABB), the leading trade bank in the kingdom, has appointed Stephen Moss, currently the group's head of strategy and planning at HSBC United Kingdom, as a non-executive director in the company board.    He will be


Dubai-Canada non-oil trade tops $1.36bn

The total value of non-oil trade between Dubai, UAE and Canada in the first nine months in 2017 was Dh5 billion ($1.36 billion), said Ahmed Mahboob Musabih, director of Dubai Customs. “Imports had the lion’s share with Dh4.4 billion, followed by re-exports with Dh361


Ithmaar awards $100,000 prize to Bahraini family

Ithmaar Bank, a Bahrain-based Islamic retail bank, presented a $100,000 cash prize to Yusuf Abdulla Mohamed Al-Mahmood, a retired Bahraini who won the Thimaar semi-annual grand prize. The prize was presented by Ithmaar Bank deputy chief executive officer – Banking Group, Ab


Mideast inbound M&A hits 10-year high at $9.8bn

Middle Eastern inbound merger and acquisition (M&A) value stands at a 10-year high of $9.8 billion, up 117 per cent from this time last year, Thomson Reuters in its investment banking analysis for the Middle East. Middle Eastern investment banking fees totalled an estimated $


Middle East set for faster growth this year: Bloomberg

The Middle East region is expected to experience faster growth this year, accelerating from 2.8 percent in 2017 to 3.5 percent in 2018, according to a Bloomberg Economics research.   Six themes are expected to shape this year’s Middle East economic outlook


Qatar Re opens branch office in London

The QIC Group said that its Bermuda based reinsurance subsidiary, Qatar Reinsurance Company (Qatar Re) has been authorised to carry out certain regulated activities in the UK from its branch office in London. The QIC Group said that its Bermuda based reinsurance subsidiary, Qatar

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