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“UAE will be the most affected by the introduction of VAT”, says BMI

The introduction of the value added tax (VAT) by the GCC from January 1, 2018, will only have a short-term impact on the spending power of locals and expats, according…

 
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Canadian financial giant aims to build Middle East business

Canadian financial services group Canaccord Genuity’s aims to double the contributions to its investment banking business from the Middle East and India in the next five years, its regional head…

 
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Why personal debt levels can’t rise much further

The revelation last week that the average UAE resident is saddled with $11,590 worth of personal debt may not have come as a surprise to many. After all, this is…

 
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Kuwait sovereign wealth fund appoints new managing director

Kuwait Investment Authority (KIA) has appointed Farouk Bastaki as managing director to replace Bader Mohammed al-Saad, newspaper al-Rai reported on Monday, quoting unnamed sources. The KIA is one of the…

 
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