 |
Global trends boost Gulf banks as foreign rivals retrenchWhen British banker Michael Tomalin took the top job at National Bank of Abu Dhabi in 1999, the lender had about $9 billion in assets - tiny by global standards - and its operations were largely confined to the o More… |
 |
Gulf currency shift could come graduallyA statement on foreign exchange policy by Qatar's central bank governor has struck a nerve in financial markets across the Gulf, reminding investors that decades of currency stability will not last forever. More… |
 |
GCC investors flock to buy Turkish projectsAstas Holding, a top Turkish real estate and hotel developer, said there has been an overwhelming response from Gulf investors for its upcoming luxury residential project, The Residences at Mandarin Oriental Bodrum. 'The Resid More… |
 |
Land Cruiser sales up 15pc in GCCToyota's Land Cruiser model sales were up by 15 per cent in the first quarter of this year, across the Gulf region. The model has maintained its leadership status in the SUV segment with a 40.4 per cent market share, while ove More… |
 |
Global volatility may stall new Gulf bond issuanceVolatility in US Treasury yields and a dip in investor appetite for emerging market credits could put a brake on new issuance from the Gulf Arab region in the near term, as both sides of the market wait for prices to stabilise. Bo More… |
 |
Gulf states tell citizens to avoid LebanonGulf countries have issued a travel warning for Lebanon, telling their citizens to avoid what is a popular tourist destination for the region after a spillover of violence from neighbouring Syria. More… |
 |
Gulf states mull action against HezbollahGulf countries will consider taking action against Hezbollah if the Shi'ite Lebanese movement continues its involvement in Syria's civil war or interferes in Gulf affairs, Bahrain's deputy foreign min More… |
 |
Gulf NRIs send home $40bn every yearIndian expatriates in the Gulf every year send back home $40 billion, said a senior official. This accounts for more than half of $69 billion which the World Bank says is the total remittance by Indians worldwide, said a Gulf Dail More… |
 |
Kuwait grants Oman $2.5bn aidKuwait has granted Oman $2.5 billion to fund development projects as part of a regional programme initiated in 2011 after protests, Oman's state news agency reported on Monday. More… |
 |
Gulf banks to arrange $100m loan for IBAInternational Bank of Azerbaijan (IBA) has mandated JP Morgan and three top Gulf banks to arrange a $100 million syndicated loan for funding its Shariah-compliant financing activities in the country. The top Gulf banks involved in More… |
