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UAE Central Bank imposes financial sanction on UAE exchange house

07 Dec 2022

The Central Bank of the UAE (CBUAE) imposed a financial sanction on an exchange house operating in the UAE, pursuant to Article 14 of the Federal Decree Law No. (20)...

Turkey’s economic growth slows to 3.9% in Q3 as foreign demand falls

30 Nov 2022

Turkey’s economy expanded 3.9 per cent in the third quarter from a year ago, according to official data released on Wednesday, though growth slowed from the previous quarter as a...

Gulf Coatings Show opens with over 30 local, global exhibitors

17 Oct 2022

The 1st Gulf Coatings Show 2022, a major destination for the paint and coatings industry, kicked off on Monday at Expo Centre Sharjah, bringing together more than 30 local and...

EFG Hermes serves as Joint Bookrunner on Salik’s IPO

29 Sep 2022

EFG Hermes, the leading investment bank franchise in Frontier Emerging Markets (FEM), announced on Thursday that its Investment Banking division has successfully concluded advisory as Joint Bookrunner on the initial...

S.Arabia’s $300b infrastructure market offers vast opportunities

19 Aug 2022

Staff Reporter, Gulf Today A new trade exhibition will debut in Riyadh this September to unlock opportunities in Saudi Arabia’s US$300 billion infrastructure projects plan. Organised by dmg...

Agthia Group carried out acquisitions worth Dhs2.3 billion last year: CEO

15 Aug 2022

Alan Smith, CEO of the Agthia Group, said that the total value of the acquisitions carried out by the group last year exceeded Dhs2.3 billion, adding that the group is...

UAE Central Bank issues instructions for financial institutions on risks related to politically exposed persons

02 Aug 2022

The Central Bank of the UAE (CBUAE) has issued new guidance on Anti-Money Laundering and Combatting the Financing of Terrorism (AML/CFT) for its Licensed Financial Institutions (LFIs) on the risks...

Etihad Airways profit soars to record $296 million in H1

28 Jul 2022

Etihad Airways on Thursday announced its financial and operating results for the first half of 2022, posting a record-breaking core operating profit of $296 million (H1 2021: $392 million loss)....

UAE backs businesses to boost the country’s non-oil economy

21 Jul 2022

In line with the UAE Government’s continued commitment to propel businesses towards greater heights, Dr Thani Bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, on July 20...

Opec+ agrees to bigger output boost amid Russian isolation

02 Jun 2022

Major oil producers led by Saudi Arabia and Russia agreed on Thursday to open the taps wider than expected amid soaring prices and hard on the heels of an EU...

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