Middle East
Middle East | 25 Jul 12
DIFC’s contribution to UAE GDP grows to 1.4% in 2011
The Dubai International Finance Centre grew by 7% last year, according to data released today, accounting for 1.4% of the United Arab Emirates total GDP.
Middle East | 16 Jul 12
standard chartered unveils enhanced online
Standard Chartered, the UK-based, globally-focussed banking group, yesterday unveiled details of what it said was an enhanced online banking foreign exchange service, which it said gives corporate clients in the UAE, Bahrain, Qatar and Oman access, via its internet portal, to some 130 currencies.
Middle East | 15 Jul 12
uae banks told to hold 10 liabilities in liquid
Banks in the United Arab Emirates have been told they must hold the equivalent of 10% of their liabilities in high quality liquid assets, such as cash, central bank certificates of deposit and UAE government bonds, beginning in January.
Middle East | 11 Jul 12
clyde first law firm into tripoli post uprising
Clyde & Co, the international law firm, is to open an office in Tripoli next month, becoming the first law firm to go into Libya since the Arab Spring uprising last year.
Middle East | 5 Jul 12
Critical need GCC sum end of service
Combined liabilities of Gulf cooperation Council (GCC) employers are expected to rise from US$16bn in 2012 to US$75bn by 2020, according to the roundtable report by strategic research company, Insight Discovery.