Search Results for: UAE
Standard Chartered PLC today announced the closure of its institutional cash equities, equity research and equity capital markets “ECM” activities
January 8th, 2015
Standard Chartered PLC (“The Group”) continues to exit or reconfigure non-core and underperforming businesses This decision is in addition to a number of actions being taken to deliver at least US$400m of cost saves targeted for 2015, as communicated ...
Global Oil: Production, Politics, Price and Pain
December 23rd, 2014
The drop of oil prices in the past six months is all over the headlines with all sorts of opinions about how this is good or bad for economies around the world, consumers and corporations. Like everything there are ...
‘Global Islamic Economy Indicator’ introduced
December 8th, 2014
DIEDC launches ‘State of Global Islamic Economy Report’ Dubai Islamic Economy Development Centre (DIEDC), in partnership with Thomson Reuters and in collaboration with the Dinar Standard, has launched the ‘State of the Global Islamic Economy Report (SGIE)’ for the ...
Investigation of Mobily accounting errors key test of Saudi Arabia’s governance resolve
November 24th, 2014
An investigation into accounting irregularities at Saudi Arabia’s No 2 phone operator is shaping up as a key test of governance as the kingdom’s markets open up to foreign investment Shares in the Saudi phone operator Etihad Etisalat, also ...
Dubai Islamic Bank signs $230 million aircraft financing deal with Air Arabia
November 19th, 2014
Dubai Islamic Bank (DIB) and Air Arabia announced today the signing of an aircraft financing deal to facilitate the delivery of six new Airbus A320 aircrafts in 2015.The signing ceremony was held in the DIB head office in the ...
Dubai Parks and Resorts Launches Dhs2.5bn IPO On DFM
November 17th, 2014
Dubai Parks and Resorts, the recently-created subsidiary of Dubai-based developer Meraas Holding, which is building a mega theme park complex in the emirate, announced on Monday that it has launched its Initial Public Offering (IPO) on the Dubai Financial ...
Standard Chartered to close MidEast branches
November 13th, 2014
Standard Chartered is set to cull an unspecified number of branches in the Middle East, as part of plans to cut up to 100 locations in emerging markets next year in a bid to save $400 million. The global ...
Adco investing up to $7bn in commitment to meet 2017 oil production target
November 11th, 2014
The Abu Dhabi Company for Onshore Oil Operations (Adco) is set to invest a further US$5 billion to $7bn to meet its production target of 1.8 million barrels per day (bpd) by the end of 2017, the company’s chief ...
Credit Without Banks: Shadow Banking
November 10th, 2014
One of the vivid lessons of the 2007-2009 recession and financial crisis is that in the modern economy, one can’t just think about the financial sector as made up of banks and the stock market. Other financial institutions can ...
Oil price slide threatens energy subsidies in Arabian Gulf states
November 10th, 2014
Low oil prices may lead Arabian Gulf states to issue additional debt and cut energy subsidies, according to the ratings agency Standard and Poor’s. “If there’s a prolonged oil price correction, corporate and government-related entities may have to change ...
