Willis Towers Watson appoints Head of Investments, EMEA
Willis Towers Watson today announces its appointment of Mark Calnan as Head of Investments for EMEA. Mark will report to…
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Central Bank of Kuwait reports BoP surplus of KD 821.2 mln. in '19
The Central Bank of Kuwait said Monday the balance of payments (BoP) registered a surplus of KD 821.2 million (nearly…
UAE banks report exposure to commodities broker in liquidation
UAE banks have started reporting their exposure to the Dubai subsidiary of Phoenix Commodities, which recently filed for liquidation. …
Forensic auditor to review every transaction at Lebanon’s central bank
A forensic auditor is set to review every transaction at Lebanon’s central bank, according to Minister of the Economy Raoul…
Dubai watchdog fines two firms and three directors
The Dubai Financial Services Authority has given penalties to two investment firms and three individuals for failing to comply with…
COVID-19 relief: Dubai family-owned businesses want 50 per cent cuts on utility bills, VAT reduction
Business leaders of some of the biggest Dubai-based companies have requested customs duties should be cut by 50 per cent…
Lebanon to start IMF negotiations in next two days, says minister
Lebanon will start negotiations with the International Monetary Fund (IMF) in the next two days, Finance Minister Ghazi Wazni said…
Turkey to add $3bn to state banks’ capital over virus
Turkey’s sovereign wealth fund will inject 21bn liras ($3bn) into three state lenders to strengthen their capital positions and minimise…
FAB and Bahrain Clear sign depository agent agreement
First Abu Dhabi Bank, FAB, recently signed a 'Depository Agent Custodian' agreement with Bahrain Clear to offer custody services at…
Moelis & Co granted advisory licence in Saudi Arabia -CMA
U.S. investment bank Moelis & Co MC.N has been granted an advisory licence by Saudi Arabia, the Capital Market Authority…
How much will oil price drop hit the Middle East wealth market
The economies and infrastructure in the Middle East have been primarily built up by the wealth generated from its large…
Virus crisis highlights potential role of Islamic finance in reaching sustainable development goals
Amid an ongoing severe global healthcare crisis caused by the relentless spread of Covid-19 across the world, some research institutions…