Friday, April 26, 2019

Abraaj CEO Charged With Fraud

(Bloomberg) -- Two former executives of The Abraaj Group, which collapsed last year in the world’s biggest private-equity insolvency, were arrested on U.S. charges of...
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UAE Private Companies Cut Jobs at Fastest Pace in a Decade

Companies in the United Arab Emirates’ non-oil private sector cut jobs at the fastest pace in almost a decade as lower crude prices and...
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Muzn’s Shari’a Supervisory Board Affirms Bank’s Full Adherence To Islamic Principles

Muzn Islamic Banking concluded its first Shari’a Supervisory Board (SSB) meeting for the year on the 20th of March 2018. The SSB reviewed the...
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Oman Budget 2019: Walking a tightrope

Volatility in oil prices has led the government of Oman to walk a tightrope in Budget 2019, balancing expenditures within anticipated revenues and keeping...
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Dubai’s Long-Awaited Stats Showed Weakest Economy Since 2010

(Bloomberg) -- Investors got their first chance in months to size up how Dubai’s economy has fared during a downturn in its bellwether property sector...
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Goldman Blacklisted in Abu Dhabi in Fresh Blow From 1MDB Scandal

An Abu Dhabi-controlled investment fund has halted new business with Goldman Sachs Group Inc., adding to the growing fallout for the U.S. bank from...
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Nobody Knows How Dubai’s Economy’s Been Doing Lately

In Dubai, the focus is often too much on the economy of tomorrow rather than that of the recent past. Even as it constructs the...
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Shifting Choices Of International Students

International Student Enrollment In Institutions Across The World: A Look At The Shifting Choices Of The International Mobile Student Community Access to any form of...
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U.A.E. Says Qatar Embargo Stands After Trade Ban Seemed Eased

The United Arab Emirates said a port circular signaling an easing of the almost two-year Saudi-led Qatar embargo was “misinterpreted” and that a clarification...
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Dubai Ports Ease Qatar Cargo Ban After Similar Abu Dhabi Measure

Dubai’s biggest port operator has followed Abu Dhabi in advising that third-party shippers can now move cargo to and from Qatar, seemingly easing restrictions...
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