All Articles

Comment & Analysis

Ras Al Khaimah reduces license renewal fees, waives fines in new COVID-19 relief measures

August 25, 2020

Ras Al Khaimah has exempted certain commercial activities hit by the lockdown and other precautionary measures to benefit from reduced…

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Comment & Analysis

Amlak Finance sells 1.13mln shares

August 25, 2020

Amlak Finance has sold 1.127 million of its shares at a price of AED 0.3355 per share.   The sale…

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Hedge Funds & Alternative Investments

CII bolsters Saudi Arabia adviser education programme

August 25, 2020

The Chartered Insurance Institute  will be the exclusive provider of professional examinations to the students of the Financial Academy for…

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Comment & Analysis

Sanctum Wealth: Fuzzy Markets

August 25, 2020

 Economic data shows that investors have to keep half an eye on a slowdown.  European and Japanese confidence data fails…

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Comment & Analysis

Bahrain's Ithmaar Holding reveals 43% drop in H1 profits

August 24, 2020

Bahrain-based Ithmaar Holding has revealed a 43 percent decrease in net profit for the first six months of the year,…

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Hedge Funds & Alternative Investments

Kuwait to transfer 2b dinars to General Reserve Fund

August 24, 2020

Kuwait’s Ministry of Finance is preparing to transfer 2.05 billion Kuwaiti dinar in liquid cash after the parliament approved a…

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Awards and Recognition

Commercial Bank wins Finance Monthly's CFO Award for 2020

August 24, 2020

Commercial Bank has announced that its Chief Financial Officer, Rehan Khan has won the Finance Monthly magazine’s CFO Award for…

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Investment Banking

GFH increases GB Corp shareholding to majority stake of 50.4%

August 24, 2020

GFH Financial Group B.S.C has announced that it has acquired an additional 21.8% stake in Global Banking Corporation B.S.C. giving…

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Comment & Analysis

DIFC Courts leverages digital infrastructure to accommodate rapid rise in commercial claims

August 24, 2020

Total number of enforcement claims increases 15% Arbitration-related claims record 62% increase in value The Dubai International Financial Centre Courts…

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Financial Results

ENBD REIT hedges AED 400m facility with Mashreq Bank

August 24, 2020

The arrangement fixes the variable rate of EIBOR for two years from June 2021 Current low levels of EIBOR are…

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FinTech

National Bank of Fujairah launches the first-of-its-kind SME community platform in the UAE

August 24, 2020

National Bank of Fujairah PJSC has announced that it launched NBF Connect.   The community platform will serve as a…

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FinTech

Softmills aims to invest in 3 startups as COVID-19 creates opportunities in tech: Founder

August 24, 2020

Egypt’s consulting and software development firm, Softmills, has invested in three startups so far, and is considering investing in three…

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