Abu Dhabi broker Capex.com raises $21mln and targets millennial investors
International brokerage firm Capex.com has raised a total of $21 million in a new funding round, as interest in online…
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Dubai Islamic Bank closes $1b senior sukuk
Dubai Islamic Bank successfully priced $1 billion 5 year sukuk issue with a profit rate of 1.95 per cent per…
UAE and Saudi central banks awarded 2021 Global Impact Award
The Central Bank of the UAE and the Saudi Central Bank have been awarded the Global Impact Award by Central…
QCB denies QLM from paying interim dividend
Qatar Central Bank said yesterday that it did not approve QLM Life and Medical Insurance Company’s dividend distribution, given its…
Kuwait Finance House Bahrain Announce Partnership to Enhance Compliance Operations
The global API banking solutions provider, Codebase Technologies (CBT), has been selected by Kuwait Finance House Bahrain (KFHB), a pioneer…
The Bears Are Back, but Ripple’s Comeback Could Be Powerful
Technically speaking, Ripple is a company while XRP is a currency – but informally, folks often refer to Ripple as…
Whistleblowing protections in the UAE
Laws around whistleblowing and protection for whistleblowers are developing in the United Arab Emirates (UAE) as the country seeks to…
Central Bank of UAE seeks private sector participation in anti-money laundering efforts
The Central Bank of UAE (CBUAE) is actively seeking the participation of UAE’s private sector in its anti-money laundering and…
Kuwait Hasn’t Renewed Wealth Fund’s Board Since Term Expired
Kuwait hasn’t approved a new term for the board of its $600 billion sovereign wealth fund since its tenure expired…
ThinCats receives £160m from Kuwait-backed investor to scale up SME lending
ThinCats has announced a £160m investment from Kuwait-backed Wafra Capital Partners (WCP), which will help the platform lend up to…
NBB signs sponsorship partnership with BIBF
The National Bank of Bahrain (NBB) has entered into a strategic partnership with the Bahrain Institute of Banking & Finance…
Bank ABC and FAB arrange a US$250,000,000 2-year Syndicated Term Loan Facility for BankDhofar
Bank ABC (Arab Banking Corporation (B.S.C.)) and First Abu Dhabi Bank PJSC (“FAB”), acted as Joint Coordinators, Underwriters, Initial Mandated…