Bahrain probes $1.3bn Iranian money laundering network
Bahrain’s attorney general said that public prosecutors had uncovered a $1.3 billion money laundering racket linked to officials at Future…
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HSBC Saudi Arabia Agrees to Relocate 3 Units to SABB’s Unit
HSBC Saudi Arabia said it had agreed to transfer its asset management, retail brokerage and retail margin lending businesses to…
Strong credit growth to sustain profitability of Saudi banks in 2021
Banks in Saudi Arabia are expected to maintain strong loan growth in 2021, largely led by retail lending leading to…
Emirates NBD takes fight to FAB in battle for UAE retail market
Emirates NBD Bank PJSC's aggressive retail lending has enabled the Dubai-based bank to eclipse larger rival First Abu Dhabi Bank…
UAE regulator revokes investment firm's licence
The UAE Central Bank said on 18 May it had struck UAE-based S&S Brokerage House off its register after imposing…
UAE to allow 100% foreign ownership of companies in June
Foreigners opening a company in the UAE will no longer need an Emirati shareholder or agent under changes to the…
Qatar Investment Authority mulls injecting HSBC headquarters into Singapore Reit
Qatar Investment Authority is in talks to inject HSBC Holdings Plc's London headquarters building into a planned property trust being…
Farringdon AM sets up financial advice firm in Dubai
Farringdon Asset Management has set up a separately-capitalised category 4 retail financial advisory business in the Dubai International Financial Centre…
Citi appoints Citi Saudi Arabia CEO
Citi has announced the appointment of Wassim Al-Khatib as Citi Saudi Arabia (CSA) Chief Executive Officer, subject to approval by…
Ajman's Department of Finance trains staff on how to run effective meetings
In line with the directives of Ajman’s government and the importance of investing in human capital to improve staff productivity,…
Rare Middle East Push for Women on Boards Runs Into Culture Wall
Getting more women on corporate boards in the United Arab Emirates was never going to be easy, and the numbers…
Egypt’s e-payments to suppliers, state worker salaries record EGP 628bn, EGP 377bn respectively
Egypt’s Minister of Finance Mohamed Maait has announced that electronic payments (e-payments) made in the past 23 months to suppliers…