Dubai Islamic Bank Q2 profit jumps 14%

July 17, 2019     /

Dubai Islamic Bank Q2 profit jumps 14% The Islamic lender announced a 12.78% year-on-year rise in its first half net income Read…

Egyptian court strikes down temporary import fees on iron billets

July 17, 2019     /

Egyptian court strikes down temporary import fees on iron billets 17 July 2019Egypt’s Administrative Judicial Court on Tuesday rejected the…

Wednesday Outlook: Oil prices rise after falling to more than one-week lows

July 17, 2019     /

Wednesday Outlook: Oil prices rise after falling to more than one-week lows Dollar gains as sterling stricken by hard-Brexit fears;…

Bank offers UAE expats facility to remit money to India, Pakistan via credit card

July 17, 2019     /

Bank offers UAE expats facility to remit money to India, Pakistan via credit card Mashreq expects the new feature to…

Bahrain’s GFH acquires $100mln property portfolio in US

July 17, 2019     /

Bahrain’s GFH acquires $100mln property portfolio in US Total real estate transactions volume executed by GFH in the U.S. and…

Amlak says it is close to completing debt restructuring

July 17, 2019     /

Amlak says it is close to completing debt restructuring Company tells Dubai exchange agreement with lenders should conclude by year-end…

Iraq seeks funds to rebuild 147,000 war-damaged houses

July 17, 2019     /

Iraq seeks funds to rebuild 147,000 war-damaged houses World Bank approached to help get funding Read more about this

Oman invites developers to prequalify for two solar power projects

July 17, 2019     /

Oman invites developers to prequalify for two solar power projects OPWP continues with the IPP model for the second phase…

Saudi’s PIF buys stake in JV from Aramco, Jacobs

July 17, 2019     /

Saudi’s PIF buys stake in JV from Aramco, Jacobs The PIF acquired 30% of Jasara Program Management Read more about…

Chinese contractor CSCEC ME awarded construction contract for Emaar’s Marina Vista project

July 17, 2019     /

Chinese contractor CSCEC ME awarded construction contract for Emaar’s Marina Vista project Scope of work includes construction of two residential…