Articles
IMF revises global economy outlook on protectionism and geopolitics
The revision is the fund's fifth as trade tensions and Brexit uncertainty crimp growth
World Bank calls for reforms and job creation as Mena growth estimates revised
Lender cut region's economic growth forecast to an average 0.6 per cent this year, a 0.8 percentage point drop from its April forecast
Lebanon’s banks in danger of downgrade after Moody's puts country on notice
The rating agency will review the ratings of Bank Audi, Blom Bank and Byblos Bank
Why Moody's put Lebanon on notice
The country is saddled with $86bn of public debt of which $1.5bn is maturing in November as bank deposit growth turns negative
Lebanon’s private sector continues to struggle as economic conditions deteriorate
Investor confidence in the country remains low
British pound swings up at end of day of Brexit volitility
The pound rose against the dollar after plunging to its lowest levels since 2016
Dubai forms higher real estate committee to balance market
New body will aim to avoid duplication of projects
What the pundits think about the latest escalation between the US and China
The world's wealthiest 500 people lost 2.1% of their collective net worth on Monday after US stocks plunged in their biggest drop of the year
Dubai regulator fines two Abraaj companies Dh1.15bn
The DFSA started an investigation in January 2018, spanning across multiple jurisdictions
Abraaj latest: Dubai regulator will hold 'all culpable' to account
The Dubai International Financial Centre regulator says it is proactively enforcing regulations
British private equity firm Actis to take over two Abraaj funds
Actis will take over the management rights of Abraaj Private Equity Fund IV and Abraaj Africa Fund III
Abraaj investors were lied to, says former executive as he pleads guilty to conspiracy
Cash shortfalls were “a monthly reality”, Mustafa Abdul-Wadood tells US court
Tell Group bids for Abraaj funds as creditors' meeting looms
The firm led by Swiss-Algerian Yassine Bouhara is proposing $25m to take on seven funds belonging to the defunct private equity firm
Abraaj executives fleeced firm in deception 'like playing poker'
Arif Naqvi instructed a subordinate to remove nine document boxes from company’s offices to hide the deceit
Deloitte Dubai may have understated Abraaj’s misuse of funds
The unauthorised use of money relates to the $1.6 billion Abraaj Private Equity Fund IV
