FINANCEFINANCE, MIDDLE EAST, English
Bahrain economic growth seen at 5% this year
Bahrain Economic Development Board's chief economist delivers upbeat message on kingdom Read More | View Original Article
HSBC was the first bank to bring ATMs to Qatar and now its global connectivity is making a difference in the country’s banking sector. HSBC CEO Abdul Hakeem Mostafawi talks to Arabian Business Qatar about inflation, overbanking and regulation. Read More | View Original Article
Qatar GDP growth set to reach 7% in 2013 - Fitch
Rating agency says banks in Gulf states to see 'healthy profitability and margins' this year Read More | View Original Article
Dubai fund ICD may raise $2bn loan target
Sources say Investment Corporation of Dubai mulling loan increase on back of significant demand Read More | View Original Article
RAKBANK hit by resignation of new CEO - sources
Ian Larkin said to have quit National Bank of Ras al-Khaimah just weeks after joining company Read More | View Original Article
(MENAFN) The Mall of Qatar constructing is already in progress, and it's planned to be ready in 2015, reported Arabian Business. The Gulf country spent USD820 million on this project, which will ... Read More | View Original Article
Recovering Dubai faces billions of maturing debt
UAE. "There is a substantial amount of debt that is coming due in the next few years, and it will be important to manage pro-actively that process. Information and communication with potential market participants will be a key part of this." Read More | View Original Article
Huawei's Middle East revenue rose 18% in 2012
World's second-largest telecom equipment maker so expects Mideast telecos to prioritise improving networks Read More | View Original Article
Gerhard Schubert: Equities - The great rotation
UAE. Stock market indices racing ahead but GDP figures do not support the euphoria and commodity outflows fuel the rally; Is there too much liquidity in the banking system? Read More | View Original Article
Audit quality - It's not (only) about the auditor
UAE. 'We all have a role to play ', says ACCA welcoming a proposed international framework for audit quality. "All the stakeholders in the corporate reporting supply chain have to pull together." Read More | View Original Article
Majid Al Futtaim proposed subordinated perpetual notes assigned 'BB+' issue rating
UAE. "We assess the proposed hybrid capital securities as having intermediate equity content, under our criteria," said Standard & Poor's Ratings Services. Read More | View Original Article
Mashreq launches new version of mobile banking application
UAE. Mashreq plans to tap the rising demand for banking services by mobile phone users with the launch of an enhanced version of its Mobile Banking Service called "Snapp". Read More | View Original Article
Arabtec Holding appoints David Doyle as Chief Risk Officer
UAE. He will lead a function focused on risk management and control to support the company's performance and reputation. Read More | View Original Article
UAE. While new orders continued to rise sharply, the rate of increase eased to the slowest in a year. Meanwhile, employment levels rose at the fastest pace in two years. Read More | View Original Article
UAE's Senaat said to be mulling listing, stake sale
Abu Dhabi gov't-owned firm may sell its own shares or offload stake in one of its businesses Read More | View Original Article
UAE's Senaat said to be mulling listing, stake sale
Abu Dhabi gov't-owned firm may sell its own shares or offload stake in one of its businesses Read More | View Original Article
US- Buckle's net income falls to USD37.6m in Q1
(MENAFN) Buckle Inc. announced that its first-quarter net income went down to USD37.6 million from USD37.8 million in 2012's same period, reported AP. The Kearney, Neb.-based retailer attributed ... Read More | View Original Article
QPI to purchase share in Total's Congo operations
(MENAFN) Qatar Petroleum International (QPI) will buy a stake in Total's Congo operations, reported Arabian Business. This investment's major focus is the Moho North project. Neither of the ... Read More | View Original Article
Epicor to Host EMEA Insights 2013 Customer Conference Series
(MENAFN Press) Epicor Software Corporation, a global leader in business software solutions for manufacturing, distribution, retail and services organizations, today announced that it will be hosting ... Read More | View Original Article
Dubai's leading property agency delivers world-first tool and resources for end users
(MENAFN Press) Better Homes, UAE's largest realtor, has released helpful guides for property hunters and landlords in the Dubai property market. This follows from the property agency's delivery of a ... Read More | View Original Article
RTS Realtime Systems to Open Data Center in Dubai
(MENAFN Press) RTS Realtime Systems Group (RTS), a leading global trading solutions provider, today announced plans to open its newest data center in Dubai, the first Middle East site in its global ... Read More | View Original Article
Songwon Industrial Group announces positive Q1 2013 financial results
(MENAFN Press) Ulsan, Korea – May 23, 2013 – Songwon Industrial Group (www.songwon.com), is pleased to announce its Q1 financial results for 2013. The detailed Q1 2013 financial results ... Read More | View Original Article
Mediaquest acquires 30% stake in acclaimed wedding website Whiteme.net
(MENAFN Press) In line with the increased Internet penetration in the region and the burgeoning wedding industry, leading Middle East publisher Mediaquest has acquired a 30 percent stake in the ... Read More | View Original Article
Bahrain banks announce plans to merge
Al Salam Bank and BMI Bank tie-up would create kingdom's third largest lender by assets Read More | View Original Article
Yokogawa Announces Field Wireless Systems Partnership with Petrobras
(MENAFN Press) Yokogawa Electric Corporation announces that its subsidiary Yokogawa America do Sul Ltda. has signed a partnership agreement with Petroleo Brasileiro S.A. (Petrobras) on the ... Read More | View Original Article
Qatar still backs dollar peg – cen bank boss
Comments follow another senior bank exec saying country needs more flexible exchange rate Read More | View Original Article
Why Africa is luring Gulf bond investors
Promise of high returns is tempting cash-rich Gulf Arab bond investors to look south Read More | View Original Article
Dubai's MAF picks banks for bond sale
Retail group to use sale to fund $683m acquisition of Carrefour's 25% stake in MidEast venture Read More | View Original Article
World Bank proposes $150m loan to Jordan
Funds will help country foot bill for thousands of Syrian refugees fleeing civil war Read More | View Original Article
