Lothian Pension Fund urged to divest from Bank Hapoalim
The Lothian Pension Fund (LPF) has been urged to divest from Bank Hapoalim after its recent inclusion on the UN…
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Global advisory giant to launch major digital finance operation in Dubai
One of the world’s largest independent financial advisory and services organisations is to develop a major digital finance operation from…
Jersey Royal Court imposes substantial fine for inadequate AML policies and procedures
In a rare decision on the Money Laundering (Jersey) Order 2008 (MLO)[1] the Royal Court (Court) has underscored the critical…
Dubai does mortgages the 'e' way
Registering the mortgage too has gone the digital way in Dubai. It’s now Dubai Land Department that’s helping property…
World's Best Islamic Financial Institutions 2020: Fair Winds Before The Storm
Islamic financial institutions (IFIs) enjoyed good earnings results in 2019 across the main geographical regions of the Middle East, Africa…
The PraxisIFM Group has announced a number of senior appointments in the Middle East.
As the ADGM’s first licensed and regulated trust company, PraxisIFM provides a wide range of tailored services to private individuals,…
JPMorgan sees more Gulf companies linking up but no liquidity crunch
JPMorgan expects more consolidation among Gulf companies this year in sectors such as banking, real estate and hospitality, but it…
UAE banks disclose Dh412 million exposure to Phoenix and associate firms
First Abu Dhabi Bank, on Wednesday disclosed to the Abu Dhabi Stock Exchange (ADX) that it has about Dh269 million…
Abu Dhabi per capita income substantially higher than its peers: Moody's
Abu Dhabi's per capita income is substantially higher than its sovereign peers including the GCC countries, according to Moody's Investors…
EBRD expects Turkey’s economy to bounce back by 6 per cent in 2021
Turkey’s GDP expected to fall by 3.5 per cent in 2020 because of coronavirus pandemic Rebound of 6.0 per cent…
Egypt’s growth to slow sharply in 2020 because of coronavirus pandemic
Egypt’s GDP growth falls to 0.5 per cent in 2020 due to coronavirus pandemic Economy seen avoiding contraction with 5.2…
Société Générale joins EBRD in financing Izmir metro
Turkey’s third-largest city raises funds for key infrastructure despite coronavirus pandemic Société Générale’s €25 million loan comes under EBRD’s A/B…