UAE mandates private firms to reserve board seats for women
The UAE government portal states that women are disproportionately represented in the labour market, in specialised professions, and in emerging fields...
Tag : Gulf
If oil stabilises below USD 70, what will it mean for Gulf markets?
Because oil is a significant export, there is still some correlation between oil prices and stock markets in the Gulf region...
Most Gulf-based business leaders confident of growth despite challenges
Most Gulf decision-makers are optimistic about the region's long-term prospects and believe it will establish itself as a significant hub for international business within the next 25 years...
Gulf banks see record profits as region’s net interest income increases
With a 6.3% increase in net interest income to USD 2.5 billion, Kuwaiti banks led this growth...
Infrastructure expenses spike super gasoline costs in Uganda
Uganda President Yoweri Museveni in 2023 attributed Kenya's government-backed gasoline importation agreement's 'middlemen' to the high fuel cost in Kampala...
Dubai’s Emirates NBD beats 2024 Q2 profit estimates, rebrands private banking unit
At the end of the 2024 second quarter, Emirates NBD's total assets increased to 931 billion dirhams, up 15% from 2023, while lending increased by 6% during the first half of the year...
Qatar sees fastest growth in non-energy sectors and household wealth
In June 2024, financial services companies in Qatar reported an even stronger increase in both new contracts and overall business activity...
Dar Global plans USD 300 million investment in American real estate market
Dar Global CEO said that Dar Global has been holding meetings with leading real estate developers, but he would not name the companies that it might collaborate with...
Gulf-based sovereign wealth funds spent USD 2.3 billion in China in 2023
Gulf sovereign wealth funds have been making tangible steps to realise the two-way investment corridor with Hong Kong as a gateway to China...
UAE economy grew 4.3% in 2023 Q4
As one of the top oil exporters in the world, the UAE has expedited plans to diversify its economy away from hydrocarbons and attract international investment...