President Obama winning a second term in office has seen oil price drop after previous 3 per cent gains when Romney was favourite.
The two Abu Dhabi-based developers both reported higher quarterly profit on Wednesday even with asset writedowns.
A report from the UK-based lender says the emirate’s overall debt burden remains a challenge.
UAE investors are holding onto their cash and assets amid the uncertain economic outlook, however India is a favourite for investment.
UAE-based commentator Sultan Al Qassemi is the most connected Twitter user in the region, says new study.
Price guidance for QNB’s new bond was released at 155 basis points over midswaps, with transaction expected Wednesday.
The two leaders discussed regional and international developments, Palestine and the situation in Syria.
The US President’s re-election will help abate worries of war in the Middle East, say political experts.
Egypt’s presidency said it hoped Obama would work for American and Egyptian people.
QP had owned 30 per cent of the company having previously spun off 70 per cent in 2008.
The Abu Dhabi developer’s profit was driven by rising revenues from national housing projects.
With global markets in flux, fixed income is becoming the new favourite for regional investors.
Aventicum Capital Management will focus on investments in emerging and frontier markets in the Middle East and Turkey.
Prime Minister David Cameron’s visit to the country comes to an end as both parties discuss a strategic air defence relationship.
The two Gulf countries are planning to buy Lockheed missile-defense systems worth up to $7.6 billion.
Sharjah-based Dana did not repay a five-year convertible Sukuk on maturity last week.
The Dubai-based contractor said it was looking at equity-linked fundraising options.
Khalifa Mohammed al-Kindi is the new chairman while Sultan Nasser al-Suweidi remains governor of the bank.
Global trends worldwide include the rise of shopping hotels in the Middle East and the attraction of forbidden lands in the Americas.
The Abu Dhabi investment fund said the move was aimed at making documentation more consistent.
The company’s profit rose as it booked gains in the fair value of its investment properties.
Ferrari’s Fernando Alonso fails to regain the championship lead from title rival Sebastian Vettel.
The lender has made new appointments to establish a family office for the super rich and begun an Islamic private banking service for rich Muslims.
Norway’s Government Pension Fund Global has beaten the emirate to the top spot with assets worth $656.2 billion.
The dairy company raised SAR1 billion through the first tranche of a Sukuk in March this year.
Atleast 22 people were killed and over 130 were injured in a gas tanker explosion in Riyadh on Thursday.
DIB’s quarterly net profit remains flat despite a jump in provisions with impairments worth Dhs309 million.
David Cameron will visit the UAE, Saudi Arabia and another Middle Eastern country as he aims to secure orders for fighter jets.
The two banks signed a partnership agreement to cooperate in trade and project finance.
The 320-km gas pipeline was damaged during an attack last week.