Finance

British ministers head to the GCC for talks on new trade deal

Britain’s new trade ministers visited the Gulf region on Monday in a first joint visit for talks on a possible trade deal, the government said. Trade secretary Jonathan Reynolds and...

Markets Marcus Robinson -

Saudi Fund for Development signs first loan agreement with Dominica

Saudi Fund for Development (SFD) formalised its first development loan agreement with the Commonwealth of...

Finance Victoria Winston -

How Abu Dhabi’s investment legacy is fostering economic development

Abu Dhabi and the UAE have long been recognised as important investors in the...

Banking Aditya Dave -

UAE unveils ‘Invest in the Emirates’ campaign, fronted by Idris Elba

The UAE government has unveiled its ‘Invest in the Emirates’ campaign, fronted by Hollywood...

News Shreya Rajput -

UAE, Australia reach trade deal to boost exports, investment

The UAE has reached a trade agreement with Australia that is expected to boost...

Forex Sameer Shah -

Latest

One in four UAE residents owe banks more than $68,000

More than a quarter of UAE residents have debts of more than $68,119 (AED250,000), according to a new survey by Arabian Business. The UAE debt survey...

Analysts are divided on how UAE’s lending market will evolve in the future

More than two years since the downturn, analysts are divided on how UAE’s lending market will evolve in the future. Almost three years since the...

The GCC economies may be back on track, but for many residents, worries over personal finance remain

The story of expatriates trapped in Gulf countries by a rising tide of debt and lost job opportunities became apocryphal during the course of...

Sheikh Hamdan launches new RDI grant initiative

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Chairman of the Dubai Executive Council, and Deputy Prime Minister and Minister...

COP29 climate summit host Azerbaijan defends oil and gas investments

Azerbaijan, host of this year's U.N. climate summit, will defend the right of oil and gas producing nations to invest in the sector, the...

PGIM opens Abu Dhabi office, joining money managers’ rush to UAE capital

PGIM, the investment management arm of US insurer Prudential Financial, opened an office in Abu Dhabi on Thursday. It joins a slew of money...

EFG Hermes’ annual meet shines light on MENA investment opportunities

EFG Hermes held its 10th Annual London Investor Conference at the Emirates Stadium, from September 9 to 12. This year’s event, themed A New Era of...

Major Gulf bourses mixed in early trade; Fed meet in focus

Major stock markets in the Gulf put in a mixed performance in early trade on Tuesday, as investors looked forward to what the Federal...

Morning Bid: Yen slips anew with Amazon due, Treasury plans irk

A look at the day ahead in U.S. and global markets from Mike Dolan World markets stalled on Tuesday as another heavy earnings week for...

Zambia to emerge from debt default as bondholders back $3 bln restructuring

Zambia's ministry of finance said on Tuesday more than 90% of holders of its $3 billion in outstanding international bonds had accepted its restructuring...

US appeals court accepts broad definition of securities ‘dealer’ in microcap fund case

For the second time this year, the 11th U.S. Circuit Court of Appeals has accepted the U.S. Securities and Exchange Commission’s expansive view of...

C$ pulls back from 1-week high as investors eye GDP data

The Canadian dollar edged lower against its U.S. counterpart on Tuesday as investors awaited domestic GDP data this week that could guide expectations for...

UK home prices to build on recent gains but supply an issue, Reuters poll finds

British home prices will rise modestly this year and increase faster than overall inflation in the next two years, according to housing market specialists...

Canada increases loan guarantees for Trans Mountain pipeline to C$19 bln

The Canadian government has guaranteed another C$1 billion ($731 million) in commercial loans for the Trans Mountain pipeline expansion, taking the total government-backed loan facility...

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