UAE bank sanctioned
The Central Bank of the UAE announced an administrative sanction against a bank in the country for non-compliance of the…
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Pilatus banker’s defence: U.S. dollar payments were not meant to breach Iran sanctions
A contract signed between Iran and Venezuela in 2006 for the development of a 12,000 housing project in Zulia state…
DFSA signs MoU with IOMFSA
The Dubai Financial Services Authority has signed a new Memorandum of Understanding with the Isle of Man Financial Services Authority. …
Bahrain’s Investcorp acquires two US properties for $164m
Bahrain investment firm Investcorp has acquired two residential properties in South Florida for $164m. The most recent acquisition has…
Central Bank of Kuwait cuts discount rate to 2.5 per cent
The Central Bank of Kuwait’s Board of Directors has reduced the discount rate by 0.25 percentage points from 2.75 per…
Saudi Arabia plans $6bn surge in mortgage refinancing
Saudi Arabia’s first mortgage refinancing firm aims to raise its holdings of home-loan portfolios by 10 times this year, as…
Bahrain central bank urges banks to ease debt terms, fees due to coronavirus – circular
Bahrain's central bank on Thursday urged banks and financing companies to consider re-scheduling or granting deferrals on credit installments in…
Dubai Islamic Bank shareholders approve Noor Bank acquisition
Dubai Islamic Bank, the United Arab Emirates’ largest sharia-compliant bank, said on Wednesday it had received shareholder approval for the…
Robust economic growth to support Kuwaiti banks, says Moody's
The outlook for Kuwait's banking system remains stable as robust economic growth will support credit conditions, Moody's Investors Service said.…
Knight Frank launches The Wealth Report 2020
We provide a whistle-stop tour of the current trends inside the latest edition of The Wealth Report and predict the…
Knight Frank launches The Wealth Report 2020
We provide a whistle-stop tour of the current trends inside the latest edition of The Wealth Report and predict the…
Saudi Arabia's Public Investment Fund parts ways with three executives
Saudi Arabia’s Public Investment Fund has parted ways with at least three senior investment executives in recent months, in what…