Abraaj Capital: The rise and fall of a Middle East star

Their journey has been one of innovation and entrepreneurial drive but has come to an abrupt stop, as the firm which once managed almost $14 billion, filed an application for a court-supervised restructuring in the Cayman Islands.


UAE banks handle over 12m cheques in 5 months

The Central Bank’s statistics showed that in the first five months of the year, the total number of bounced cheques reached 515,000, with an approximate value of Dh26.2 billion not exceeding 4.3 percent of the total value of the cleared cheques at t


Opinion: Making market turbulence work in your favour

With trade wars, declining consumption and simmering political tensions impacting the market, there are still fortunes to be made with the right preparations, writes Martin-Blessing, co-president, UBS Global Wealth Management


Mercer's Annual Cost of Living Survey

According to Mercer’s 24th annual Cost of Living Survey, factors like instability of housing markets, low inflation, and fluctuating prices for goods and services are impacting the cost of doing business in various cities around the world.


Saudi Arabia’s shining beacons of prosperity

As part of its drive to diversify its oil-reliant economy, Saudi Arabia has begun investing in purpose-built economic cities. However, doubts remain about whether they can live up to the lofty aspirations of their architects


Unlocking the financial safe havens

One also frequently hears tall promises from people given to playing to the gallery how they are going to leave no stone unturned in their attempts to bring the 'loot' back home.