Saudi Dar Al-Arkan seeks investors ahead of sukuk offering
Saudi Arabia’s Dar Al-Arkan Real Estate Development Co. has mandated banks to arrange meetings with fixed-income investors from Monday in…
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Pagani, the Italian luxury hypercar manufacturer, opens first personalisation studio in Dubai
Italian luxury hypercar manufacturer Pagani Automobili has extended its presence in the Middle East with the New Brand Office in…
Shroff claims he’s still the developer of Dubai’s Marina 101 project
Abu Ali Shroff, the founder of Sheffield Holdings Limited, claims he’s still the developer of the Marina 101 tower in…
Growth rate of new multimillionaires slows in the Middle East
The rate of new very high net-worth people in the Middle East slowed to just 1 per cent last year,…
UAE banks will have to process consumer complaints within timeframe
Banks and financial institutions in the UAE will have to process consumer complaints within a certain timeframe and also give…
UAE businessman calls for Israel to invest in his country
Amidst unprecedented normalisation of ties with Israel, prominent United Arab Emirates businessman, Ibrahim Ajami, has called for Israeli investors to…
Bancassurance law boosts Saudi market
The introduction of new legislation on bancassurance will provide new opportunities for insurers to grow their business in Saudi Arabia,…
UAE banks must stop using compliance as a weapon
The banking community must rethink its strategy on compliance. This over-indulgence with compliance is not going down well with customers.…
Bahrain brings charges in vast money laundering case linked to Iranian state-owned banks
Bahrain launched legal proceedings on Thursday against a number of individuals and businesses involved in a vast money laundering scheme…
Kuwaitis, expats borrowed 1.57 billion dinars in 2019
The credit granted by Kuwaiti banks witnessed a 4.3% jump during 2019 by end of the year to record 38.4…
Egypt’s Oldest Bank Taps Ripple Remittance Solution
The largest government-backed banking institution in Egypt, the National Bank of Egypt has announced the signing of a cooperation agreement…
Kuwait banks can withstand challenges – CBK confident
Kuwait banking sector is solid and capable of withstanding domestic or external financial challenges that might have impacts on national…