04/22/2015

Saudi family agrees terms after biggest mideast default

Ahmad Hamad Algosaibi & Brothers Co. reached a deal with leading creditors to settle $5.9 billion of debt, taking the Saudi Arabian company closer to resolving a six-year impasse after the biggest default in the Middle East.

04/22/2015

Al Gosaibis make offer to end long legal battle

The Al Gosaibi family of Saudi Arabia has offered a peace deal to Maan Al Sanea, their bitter enemy for the past six years, if negotiations can be entered to end the Middle East’s longest running corporate “frozen conflict”.

04/16/2015

Bank wins licence for branch

The Central Bank of Bahrain has granted a licence to Cairo Amman Bank, to open a branch in Bahrain.

04/15/2015

Deutsche Bank fined $8.4m by Dubai regulator

Those contraventions include misleading the DFSA, failures in DBDIFC's internal governance and systems and controls and in its client take-on and anti-money laundering processes.