Bahrain planning to set up specialised banking court
Bahrain Association of Banks is considering the establishment of a specialised banking court to help speed up procedures and strengthen…
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Abraaj ex-CEO’s alleged theft cost the firm $385m – liquidators
Liquidators overseeing Abraaj Group’s insolvency now estimate chief executive officer Arif Naqvi’s alleged theft to have cost the firm $385m,…
DIFC back to business with offices, retail outlets and restaurants open
Dubai International Financial Centre has welcomed back clients, visitors, retailers and restauranteurs at the Centre. “The health and safety…
Barclays ‘lied’ over terms of 2008 investment by Qatar, court told
British businesswoman Amanda Staveley has claimed Barclays “lied” to her over the terms of a 2008 investment by Qatar that…
Turkish banks' short-term funding fix poses risks in COVID-19 aftermath
Turkish banks’ reliance on short-term foreign currency debt is proving a concern for investors as it risks piling on pressure…
No acquisition by US-based bank: Emirates NBD Bank clarifies
Emirates NBD Bank has said that 101,731,408 shares were purchased by 254 unique investors on 28th May 2020, following a…
Citrix enables Jordan Kuwait Bank to adapt to the ‘new normal'
COVID-19 continues to change the way companies do business in the Middle East. And one of the largest banks in…
Oman weighs seeking financial aid from Gulf countries
Oman has discussed the possibility of financial aid with other Gulf states to help it cope with the economic impact…
Blockchain Technology to Facilitate International Collaboration in Banking
The use of distributed ledger technology (DLT) and blockchain began to be a pivotal thing in businesses and this pushed…
EBRD loan to Turkey’s Akbank boosts lending to businesses
US$ 75 million to boost bank lending to Turkish businesses amid volatility Greater access to finance helps companies overcome coronavirus…
Abu Dhabi Global Market enhances its dispute resolution framework
Recent changes in the law mean businesses now have greater scope to resolve disputes before courts in the Abu Dhabi…
Resilience keeps Qatar banks on track for growth
Despite the first quarter of 2020 manifested a significant impact of the international volatility on the global banking industry, Qatar’s…