R.J. O'Brien acquires Global Interdealer Broker Lombard Forte Securities
R.J. O'Brien & Associates has announced that its affiliate RJO MENA has just acquired Lombard Forte Securities Limited. Terms of…
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Investcorp swings to full-year loss amid pandemic but eyes $50bn in assets
Investcorp, the Bahrain-based alternative investment management firm, swung to a net loss in its 2020 fiscal year as fee income…
CBUAE includes the UAE Dirham as the first settlement currency in "Buna" platform
The Central Bank of the UAE has signed an agreement with the Arab Monetary Fund to include the UAE Dirham…
Kuwait's KFH Q2 net income drops on rise in impairment charges
Kuwait Finance House, the biggest Sharia-compliant lender in the Gulf state, reported a 77.5 per cent decline in its second…
Dubai court tells bank to pay customer Dh4.6 million after his account got hacked
A Dubai commercial court order for a bank to repay a customer Dh4.5 million has been upheld by the Dubai…
‘Saudi Arabia is where the opportunities will happen in future’
A random decision during a night out to move to Dubai in 2013 kickstarted Michael Gilmore’s successful career in executive…
Gulf countries to lead H2 rally in sukuk issuance: Moody's
The Gulf Cooperation Council countries will lead a rally in the issuance of Islamic debt or sukuk in the second…
Insurance, industrials, banking shares help QSE top 9,400 level
Higher-than-average demand at the insurance, industrials and banking counters on Thursday lifted the Qatar Stock Exchange as much as 90…
All bets are off: Virus hits Iraq’s currency trade
In Iraq’s Kurdistan region, trading US dollars for rials from Iran was once big business. But the money exchange…
Turkey’s tumbling lira tests Erdogan’s rate resolve
Turkish central bank head Murat Uysal has stuck to the rate-cutting script since President Recep Tayyip Erdogan hired him to…
Bahrain's Sukuk Al Ijara oversubscribed
The Central Bank of Bahrain (CBB) has announced that the monthly issue of the short-term Islamic leasing bonds, Sukuk Al…
Lebanon Central Bank tells banks to give loans to those affected by Beirut explosion
Lebanon Central Bank has told banks and financial institutions to extend exceptional dollar loans at zero interest to individuals and…