Finance and Economy
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Arig's quarterly net profit down 49%
Bahrain-based Arab Insurance Group (ARIG) has said its first-quarter net profit fell 49% to $2.7m, compared with $5.5m in the same period in 2012, Gulf Daily News has reported. Gross premiums rose 3% to $164.9m for the quarter under review when...
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KPMG looks at emerging trends in Middle East Sovereign Wealth Funds
Audio: Global Sovereign Wealth Funds (SWF) totals approximately US$5.3 trillion in assets under management, with the second largest being Abu Dhabi's "ADIA". In this interview, based around a recent report highlighting trends in SWF in the Middle...
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Egypt's sukuk bill approved
Egyptian president Mohamed Morsi has approved a law allowing the state to issue Islamic bonds the government hopes will help revive its flagging finances, Reuters has reported. Regulations for using the law would be issued within three months,...
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Floating of Qatar's $12bn investment firm delayed
Qatar Exchange has said a planned floatation of Doha Global Investment Co, a $12bn Qatari investment firm backed by assets from Qatar Holding, has been postponed pending necessary approvals, Reuters has reported. The IPO has been postponed "until...
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Daily Updates
UAE's GDP on track to reach $410bn in 2014
The UAE finance minister Sultan Bin Saeed Al Mansouri has said the country's gross domestic product (GDP) will touch $395bn (Dhs1.45trn) this year,...
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Press Releases
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Depa issues first quarter trading update for...
Depa Limited, one of the world's leading interior contracting companies, issued a first quarter...
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GCC asset management grows as $121.3bn worth of...
As GCC states forge ahead with road and bridge infrastructure projects worth $121.3bn, the asset...
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UGB announces first quarter net profit...
United Gulf Bank B.S.C. (UGB) has announced a net profit attributable to the shareholders of the...
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Analysis
Financial crisis highlights need for GCC Corporate Governance
The way Mutlaq al-Morished sees it, corporate governance has to start at the very top if it is to stand a chance of success. The former chairman of the GCC Board Directors Institute (BDI) - and...
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Special Reports
Boardroom best practice
Corporate governance has never been so important. Not just in the GCC, but globally, the financial crisis has demonstrated that effective, transparent and accountable governance is an essential ingredient contributing to the success of a company. Capital market regulators have been driving the corporate governance agenda in the region since 2002 through the gradual introduction of legislation for publicly traded companies and their efforts have been supported by several not-for-profit organisations, including the GCC Board Directors Institute (BDI).
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Doha COP 18
Doha's hosting of the UN Framework Convention on Climate Change (UNFCCC) at the Conference of Parties (COP) 18 which runs over two weeks in November and December is a first for the Middle East, and gives the region a chance to highlight its green credentials.
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Abu Dhabi 2030
Abu Dhabi 2030 is the UAE capital's ambitious plan to ensure that the emirate is a modern, thriving place to live and work, as its population grows to over 3 million. This report discusses their key aspects, including transport and urban planning, tourism, air travel, real estate, education and culture.
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Qatar 2022
Qatar has committed to billions of dollars worth of spending on stadia, transport, accommodation and other infrastructure in line with its successful bid for the 2022 FIFA World Cup. What does the win mean for the country’s economic growth and development plans, and its presence on the global stage?
Read more »Microsites
Qatar Projects
A round up of the principal interviews from the Qatar Projects 2011 conference, with key speakers from the event, including Qatalum, Qatar Islamic Bank, and Drake and Scull International.
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Abu Dhabi Conference TV
A round up of the principal interviews from the Abu Dhabi conference, with key speakers from the event, including the Health Authority, ADWEA, and the Department for Economic Development.
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Follow the key macro-economic developments shaping the Middle East's financial landscape, from publicly funded initiatives and business legislation to the latest from the region's banking sector, stock markets, Islamic finance and company financial reports through a range of news briefs, company releases, in-depth industry analyses and video interviews.
