Middle East
Investment | 7 Sep 16
Islamic insurer growth limited by overcrowded market
Islamic insurance company earnings in Gulf Cooperation Council (GCC) states are relatively weak and unevenly distributed, hampered by an overcrowded market and a focus on low-margin retail products, according to S&P Global Ratings.
Middle East | 6 Sep 16
New UAE bankruptcy law to ease pressure to flee
The United Arab Emirates (UAE) is to get a new bankruptcy law for businesses, including a new regulatory body for financial restructuring, which is designed in part to remove the threat of jail for executives of companies facing financial distress.
Middle East | 2 Sep 16
DIFC sees 16% rise in business numbers in first half of 2016
The Dubai International Financial Centre, an independently regulated free zone in the UAE, has seen strong growth in business tenants and the size of its workforce for the first six months of 2016.
Emerging Markets | 1 Sep 16
Qatar shares ease as FTSE Russell emerging market status nears
Share prices in Qatar have weakened after global index provider FTSE Russell named the 22 Qatari companies that will be included in its Secondary Emerging Market Index, when it upgrades Qatar from ‘Frontier‘ status later this month.
PraxisIFM boosts Middle East growth with acquisition
Channel Islands-based financial services group PraxisIFM has acquired fiduciary and accounting company Balmor Management, as the firm looks to grow its presence in the Middle East.