Abu Dhabi / WAM Government-led policy initiatives and investments, improved growth prospects in trading partners, and preparation to host Expo 2020 Dubai are providing increased private sector credit and investment in Dubai. As a result, real GDP growth rates in the short to medium term are projected to reach 2.1 percent, 3.8 percent and 2.8 percent, in the years 2019, ...

Bloomberg Bahrain-based Gulf International Bank converted its Saudi operation into a locally incorporated bank with 7.5 billion riyals ($2 billion) capi- tal, as the lender looks to boost its presence in the kingdom. The bank’s Saudi arm will be owned equally by GIB, as the Bahraini lender is known, and Saudi Arabia’s Public Investment Fund, according to a statement. Abdulla ...

DUBAI / WAM UAE stocks maintained their upward movement and gained around AED6.2 billion in market cap at the end of the Sunday session, driven by a spree of selective purchases targeting blue chips and positive quarterly statements announced by the leading listed companies. Amidst the overall bullish sentiments, the general index of the Abu Dhabi Securities Exchange closed at ...