Interview

Nomo Bank sees increasing appetite for Islamic investments, ETFs

Paul Szumilewicz, chief revenue officer at UK-based Nomo Bank, said there is a growing demand from the bank’s clients to invest in exchange-traded funds (ETFs) — a pre-defined group of bonds, stocks or commodities poured into a fund and listed on the stock exchange.

Paul Szumilewicz

Nomo Bank Chief Revenue Officer

Analysis

How Morocco-UAE economic agreement could usher in new era of bilateral trade

With its CEPA program, Abu Dhabi is not only expanding its network of trade and investment partners; it is getting closer to achieving its strategic goal of increasing its non-oil foreign trade.

By Sabena Siddiqui

In Karachi, reporting on South Asia, Middle East, Iran

US election drama raises stakes for Mideast economic powers eyeing 2025

Who is Faisal Taghi, alleged drug kingpin extradited from UAE to Netherlands?

The UAE and the Netherlands have an extradition treaty, though another alleged drug trafficker sought by the European country was recently released from Emirati custody.

United Arab Emirates

Gulf investment in UK real estate to hit $4B annually, says BLME

Research predicts that demographic trends and supply shortages will make the UK's real estate sector a more popular option for investors in the future.

Saudi Arabia

GCC’s renewable energy push pays off with Qatar, UAE taking lead

Several Gulf states rank relatively high on the World Economic Forum (WEF) Energy Transition Index, reflecting their efforts to transition toward renewable energy and reduce their dependence on fossil fuels.

Saudi Arabia

UAE, China, Russia, Turkey violating Sudan arms embargo: Amnesty

Amnesty International reports foreign countries sending weapons and ammunition to the warring sides in Sudan, where civil war has raged for more than a year.

Sudan

UAE's Flydubai says Boeing delays hurt airline’s expansion plans

The Virginia-based plane-maker has been beset by plane delivery delays since its best-selling narrow-body aircraft, the 737 MAX, was flagged for safety concerns and experienced technical problems and additional quality control processes.

United Arab Emirates

Trump adds to Gulf portfolio with Dubai tower deal

The Trump Organization and Dar Global have unveiled a new development, adding to others in Oman and Saudi Arabia this year.

United Arab Emirates

Tech investment slump reaching critical stage for cash strapped Middle East startups

Samuel Wendel

In Washington, DC, reporting on regional business and tech

China, UAE hold air force drills in Xinjiang as defense relations grow

The joint air force training exercise, dubbed Falcon Shield, began on Wednesday in the northwest Xinjiang province of China and will continue until late July.

United Arab Emirates

Middle East startups see funding fall by 34% in first half of 2024

Although startup funding levels have plateaued globally, MENA reported an increase in early-stage rounds and investor participation.

United Arab Emirates