Emaar Malls Group Q3 net profit rises 55%
Dubai's Emaar Malls Group, a unit of Emaar Properties that listed on the emirate's main stock market in October, reported a 55.2% rise in third-quarter net profit on Thursday.
IMF urges GCC to use surpluses to protect fiscal strength
The International Monetary Fund said Middle East oil exporters are expected to face weakening fiscal positions due to decline in oil prices and the Gulf countries should be careful in spending their surpluses.
BIL sees Middle East contributing 5-10% of its managed assets in next 3 years
Banque Internationale a Luxembourg (BIL) expects a contribution of at least 5-10% to its global asset under management in the next 3 years from the Middle East.