Leading stories of the day
Saudi Arabia has withdrawn as much as $70 billion from global asset managers as OPEC’s largest oil producer seeks to plug its budget deficit, according to financial services market intelligence company Insight Discovery. “Fund…
|By TAP Staff| Integrated Capital, the capital markets arm of Abu Dhabi Financial Group, announced that it has placed and syndicated…
The United Arab Emirates has no plans to abandon the currency’s peg to the dollar, central bank Governor Mubarak Rashed Al…
The Federal Reserve kept its policy interest rate unchanged, showing reluctance to end an era of record monetary stimulus in a…
The Federal Reserve began a two-day policy meeting on Wednesday with economists evenly split on whether Thursday will see the first…
The U.S. Securities and Exchange Commission has decided to drop a lawsuit accusing two Dubai men of insider trading in Onyx…
Dubai’s diamond trade will grow as the emirate attracts dealers from the industry’s traditional hub in the Belgian port of Antwerp after…
Oil extended its decline below $45 a barrel in New York as a further pullback in US drilling failed to temper…
Plans by Commercial Bank of Dubai (CBD) to raise a $750 million bond to boost the lender’s core capital reserves are…
|By TAP Staff| FGB has completed its USD 1 Billion three-year loan facility, with an oversubscription of around 33% for its…
|By TAP Staff| Undeterred by the decline in Dubai property market, Emaar Properties has launched the luxury ‘Creekside 18’ residences in…
The Pakistan arm of Dubai Islamic Bank plans to list a quarter of its shares on the Karachi Stock Exchange in…
Record trading of Dubai crude by two Chinese state companies this month on a decades-old oil pricing system has pushed the…
The lowest crude prices since 2009 might still not be enough to end the U.S. energy renaissance. Some parts of North…
Chinese airlines and European luxury car makers are emerging as the early losers after the People’s Bank of China let the…
Emirates Airline said on Tuesday that Gulf airlines were not to blame for overcapacity on services between the United States and…
Delta Air Lines Inc has scrapped a number of its flights to Dubai this winter in an apparent nod to how…
Oil has fallen to a six-month low, and hopes of a quick rebound are fading as demand heads into an autumn…
Creditors of Drydocks World, the Dubai government-owned company seeking to revise part of a $2.3 billion debt restructuring deal which it…
Gold’s tumble to the lowest since 2010 promises to prolong a mergers and acquisitions boom that’s seen transactions at a three-year…
|TAP Special| UAE finance company Dunia may be for sale and Dubai’s Majid Al Futtaim Holding is believed to be among…
The Abu Dhabi Securities Exchange (ADX) is considering introducing with the Dubai Mercantile Exchange (DME) futures and options contracts for specific…
The yield on bonds of Abu Dhabi has decreased four basis points since 22 July, the day the UAE announced the…
|TAP Special by K Raveendran| The Dubai residential market continues to face downward pressure as rents and sale prices decline. It’s…
|TAP Special By K Raveendran| With the fuel subsidies issue having been settled, attention now shifts to the possibilities of introducing…
|By K Raveendran| The deregulation of fuel prices in the UAE is no doubt a highly opportunistic move in the sense…
Dubai Financial Market (DFM), the Gulf’s only listed stock exchange, reported a 48 percent fall in second-quarter net profit on Monday…
|By TAP Staff| Dubai residential rents declined by 3% during the second quarter of 2015, according to the latest ADIB/MPM Properties…