Egypt's PM hopes that the debt will “at least [be reduced] to a very reasonable” level by the end of year. (Shutterstock)
February 11, 2016 - 07:30 GMT
Delayed payments to gas and oil companies stem from 2011, but half of the $6.3B has already been repaid in the last two years.
During the event
February 11, 2016 - 06:26 GMT
Emirates NBD, a leading bank in the region, has been awarded the Human Resource Development Award in the banking and financial sector by EIBFS.
During the event
February 11, 2016 - 05:54 GMT
Emirates Islamic has announced that its CEO, Jamal Bin Ghalaita has won the ‘Best Emiratisation CEO Award 2015’ in the Banking and Financial sector for the second consecutive year.
In December 2015, 72 contracts were awarded for projects for the Expo 2020 in Dubai. (Twitter)
February 11, 2016 - 05:28 GMT
With the decline of oil prices is forcing GCC countries to look for alternative options to meet the costs of ongoing infrastructure projects, enter PPPs.
The IPOs are expected to relate to the retail and food sectors. (File photo)
February 10, 2016 - 12:00 GMT
Beltone's acquisition by Naguib Sawiris and two former ministers has prompted a new change in investment strategy.
Al Ansari Exchange stand at the Exhibition
February 10, 2016 - 10:22 GMT
Al Ansari Exchange, the UAE-based foreign exchange and worldwide money transfer company, is participating at the National Career Exhibition 2016 which opened today.
Gulf Bank
February 09, 2016 - 12:25 GMT
Gulf Bank announces the launch of a new “Spend More, Win More” with Gulf Rewards promotional campaign for its credit card holders.
MasterCard & Mashreq during the launch of the card
February 08, 2016 - 09:03 GMT
Mashreq has launched a new premium credit card tailored for corporates that enables them to streamline their business expense management, while offering unparalleled benefits to their employees.
SIB During the participation last year
February 08, 2016 - 08:57 GMT
Sharjah Islamic Bank (SIB) is set to participate in the 18th National Career Exhibition which will be held at the Expo Centre Sharjah from the 10th to 12th of February 2016.
The Commercial Bank of Qatar earned a net profit of 1.45B riyals, compared to a profit of 1.94B riyals in 2015.  (Shutterstock/Philip Lange)
February 07, 2016 - 14:23 GMT
Banking sector profitability will be hit by slowdowns in lending, limited earnings growth, and squeeze liquidity.
Dubai Islamic Bank honoured by Sharjah Human Resources Department
February 07, 2016 - 11:14 GMT
Dubai Islamic Bank has been honoured by the Sharjah Human Resources Department (SHRD) for its valuable investment in promoting Emiratisation.
Christian Hammer, Saxo Bank’s Head of Platforms
February 07, 2016 - 09:12 GMT
Saxo Bank continues enhancing its pioneering investment in FinTech following the latest upgrades to its proprietary online platform, SaxoTraderGO, the world’s leading intuitive multi asset platform.
Emirates NBD head office
February 07, 2016 - 08:30 GMT
Emirates NBD has revealed a new brand proposition for its Private Banking (PB) division under the theme ‘Opportunities to Inspire’.
The new Recognised Membership application process will help bring the markets of Egypt and the UAE closer together. (AFP/File)
February 04, 2016 - 07:00 GMT
Dubai's stock exchange has streamlined the membership process to facilitate Egyptian brokerages' easier participation.
The US will spend some $1.8 billion for smart weaponry in the war against Daesh. (File photo)
February 03, 2016 - 14:30 GMT
The Pentagon has announced that it is increasing funding for the war against Daesh by more than 50 percent.
Dubai Islamic Bank
February 03, 2016 - 11:14 GMT
Dubai Islamic Bank announced today that it has been awarded the “Gulf Customer Experience Award” in the “Best Financial / Insurance Services: Banking and Investment” category at the inaugural Gulf Customer Experience Awards.