Leading stories of the day
|By TAP Staff| Dubai International Financial Centre (DIFC) Court of First Instance hast confirmed its jurisdiction over a lawsuit by an expatriate investor, resident in Dubai, against India’s ICICI Bank, registered in the DIFC.…
|By TAP Staff| Tecom Investments, a unit of Dubai Holding has mandated banks to raise a syndicated loan, with two banking…
Dubai redeemed $1.93 billion of Islamic bonds that were sold in 2009 before the emirate roiled global capital markets by seeking…
Gold traded within 40 cents of a four-year low after the Bank of Japan boosted stimulus and the Federal Reserve ended…
The scope of Britain’s Islamic finance market is widening with several initiatives from the government and private sector, although the country…
U.S. authorities are investigating London-based Standard Chartered for potential U.S. sanctions violations connected to its banking for Iranian-controlled entities in Dubai,…
Gold and silver slumped to the lowest since 2010 as the dollar strengthened after the Bank of Japan unexpectedly boosted stimulus…
A tie-up between Malaysian and Hong Kong asset managers aims to market Islamic funds in mainland China, helping expand sharia-compliant investment…
|By TAP Staff| Nigerian property investors account for 60 percent of hotel apartment purchases in the Dubai hospitality market, according to a…
Abu Dhabi’s new financial free zone said it has hired a veteran executive from Singapore to head its regulatory body, its…
Alongside the Dubai Mall, one of the world’s largest shopping centers, sits an ersatz version of what would be an authentic…
Look at computer models for the Venice-like Arabian Canal proposed for central Dubai, or the plans for the world’s biggest shopping…
DIFC Investments, the commercial operator of Dubai’s financial free zone, plans to meet fixed income investors from Thursday for a potential…
|By TAP Staff| International Monetary Fund is pleased to note the moderation in the prices of Dubai’s properties, a senior IMF…
Twenty-five lenders including Banca Monte dei Paschi di Siena SpA failed a stress test led by the European Central Bank, which…
Kuwait Investment Authority, the sovereign wealth fund which started as a Bank of England account dedicated to receiving oil money, will…
In a victory for international banks, New York’s top court has ruled that a Motorola subsidiary cannot freeze $30 million held…
Dubai is racing ahead to dominate the Middle East’s plastic surgery market with plans to attract half a million medical tourists…
The Dubai government has borrowed more than 100 billion U.A.E. dirhams ($27.24 billion) from Emirates NBD as of the end of…
The bear market in oil has analysts reassessing the U.S. shale boom after five years of historic growth. The U.S. benchmark…
Dubai International Capital (DIC) should complete the sale of the two main assets remaining in its portfolio within 18 months, which…
Iran, which faces sanctions on crude exports, sees no need for OPEC to hold an emergency meeting, a sign that markets…
Standard Chartered has notified thousands of UAE small and medium enterprise customers it is closing their accounts as it responds to…
A judge in the Dubai International Financial Centre (DIFC) court approved on Sunday an application to liquidate ES Bankers (Dubai) Ltd…
Oil’s collapse into a bear market is excessive because there’s no oversupply to justify the selloff, according to Goldman Sachs Group…
A “limited fire” broke out on a subsidiary oil pipeline in eastern Saudi Arabia on Saturday after assailants fired shots at…
David Wolf, a fund manager at Fidelity Investments in Toronto, says equity spasms such as those that shook global stocks this…
Dubai’s Atlantis, a luxury hotel situated at the top of a palm-shaped manmade island, refinanced an $880 million loan to take…