The consortium will buy 13 per cent of City Football Group, a UAE-based company that owns Manchester City, New York City Football Club, and Melbourne City Football Club. (Al Bawaba/File)
December 01, 2015 - 23:18 GMT
A Chinese consortium led by China Media Capital Holdings, or CMC is investing $400 million in the Abu Dhabi-based company that owns Manchester City Football club, the top-ranked English Premier League team.
Dr. Yahya Alyahya
November 30, 2015 - 10:22 GMT
International credit rating agencies Moody’s and Fitch have both recently affirmed Gulf International Bank’s (GIB) credit ratings.
Hassan Mayassi, Chief Executive Officer of EMP Jordan
November 30, 2015 - 08:39 GMT
Emerging Markets Payments (EMP), the leading payments processing company in Africa and the Middle East, has announced a partnership with PayFort International to deliver enhanced e-commerce services to merchants in Jordan.
Gulf Bank celebrating 55 years
November 29, 2015 - 10:13 GMT
Gulf Bank is happy to celebrate its 55th anniversary.
November 26, 2015 - 08:44 GMT
Historically, asset management activities in the Middle East have focused on Sovereign Wealth Funds (SWFs) and other institutional investors.
The attacks in Belgium and Paris, the downing of a Russian plane over Turkey and a US travel advisory weighs heavy on the markets. (Aleqt)
November 25, 2015 - 10:26 GMT
Global markets, travel and hospitality stocks slump in the wake of recent high-profile events.
Fakih IVF is looking to expand within the UAE and the GCC region. (Courtesy of
November 24, 2015 - 22:18 GMT
Abu Dhabi-based NMC Health announced that it has entered into an agreement to acquire a 51 per cent shareholding in Fakih IVF Group for Dh696 million.
Ahli United Bank
November 24, 2015 - 10:49 GMT
Ahli United Bank has been recognised as ‘Best Private Bank in the Middle East’ by Global Finance, the leading international banking and finance publication.
FGB has slashed nearly 100 jobs in the UAE last week, with plans to cut 15,000 jobs globally by 2018. (UAE Interact)
November 24, 2015 - 10:40 GMT
First Gulf Bank, the UAE's third largest lender, follows Standard Chartered and HSBC in cutting jobs in response to worsening economic conditions.
Gulf Bank 642 Marathon
November 24, 2015 - 10:29 GMT
Gulf Bank hails the success of the inaugural Gulf Bank 642 Marathon, the first accredited international marathon road race ever to be held in Kuwait.
The workshop also focused on implementing standards to prevent the exploitation of the charity sector to finance terrorist activities. (Shutterstock)
November 23, 2015 - 12:36 GMT
International delegates convened under the theme of 'Charitable Donations; Combating the Financing of Terrorism and Violent Extremism'.
Ahmed A. Al-Ali, Treasurer of the Bahrain Down Syndrome Society, Jehad Al Zain, Deputy Chairman of the Bahrain Down Syndrome Society and Nader Shaheen, GIB Head of Corporate Communications
November 23, 2015 - 09:42 GMT
Gulf International Bank (GIB) recently made its first donation in line with its new Corporate Social Responsibility programme ‘WAGIB’ to the Bahrain Down Syndrome Society.
International Bank of Qatar
November 23, 2015 - 05:41 GMT
International Bank of Qatar (ibq) announced the successful closing of a debut 5-year, USD 500 million bond issuance under its USD 2 billion dollar Euro Medium Term Note (EMTN) program.
The International Finance Corporation is a member of the World Bank Group. (Al Bawaba/File)
November 22, 2015 - 20:22 GMT
Dubai-based e-commerce retailer has received $27m in funding from the International Finance Corporation – a member of the World Bank Group – and the IFC Asset Management Company.
Roughly 416.9 million people in the Middle East and Africa currently use the internet at least once per month. That figure is expected to rise to 575 million by 2019. (Al Bawaba/File)
November 22, 2015 - 20:04 GMT
Beirut In, a leading online solutions agency in the Middle East, says that digital marketing provides a glimpse of what the future would look like for SMEs in the region.
Low oil prices require spending cuts, but half of Oman's government spending relates to wages and subsidies. (File photo)
November 22, 2015 - 10:01 GMT
Negative outlook for Oman as Standard & Poor cuts the sultanate's ratings from A- to BBB+ in light of widening deficit.