All Articles

Regulation, Risk & Compliance

Bahrain brings charges in vast money laundering case linked to Iranian state-owned banks

February 14, 2020

Bahrain launched legal proceedings on Thursday against a number of individuals and businesses involved in a vast money laundering scheme…

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Executive Moves

HSBC Hires Ex-Perella Partner Lahham for Senior Mideast Role

February 14, 2020

HSBC Holdings Plc has hired Nabil Lahham, a former veteran Middle East dealmaker at Perella Weinberg Partners LP, for a…

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Financial Results

Dubai's Union Properties posts net losses of $59.5m

February 14, 2020

Dubai-based Union Properties on Thursday announced AED218.8 million ($59.5 million) net losses for 2019, blaming bank financing costs and a…

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Financial Results

Ithmaar Holding reports profits for the year

February 14, 2020

Ithmaar Holding  has announced its financial results for the year ended 31 December 2019.    The announcement, by Ithmaar Holding…

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Financial Results

SHUAA Capital reports first post-merger preliminary FY 2019 consolidated results

February 14, 2020

SHUAA Capital has announced preliminary results for fiscal year 2019 with an EBITDA of AED 181 million and a net…

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Executive Moves

OAB appoints new acting head of retail banking division

February 14, 2020

Oman Arab Bank  has appointed Rashad Al Shaikh as the new Acting Head of Retail Banking Division, as of January…

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Financial Results

Ajman Bank’s net profits drop in 2019

February 14, 2020

Mubasher: The net profits of Ajman Bank plunged to AED 84.402 million in 2019 from AED 170.034 million in 2018,…

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Hedge Funds & Alternative Investments

Investors oppose delisting of Dubai real estate fund amid property slump

February 14, 2020

DUBAI real estate investment trust ENBD Reit is facing opposition to going private from some shareholders who fear the move…

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Comment & Analysis

Fintech to help SMEs get more access to funding, says QDB chief

February 13, 2020

By utilising Financial Technology (Fintech) solutions, small and medium-sized enterprises (SMEs) could gain more access to funding, the chief executive…

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Financial Results

Bahrain's GFH reports Q4 profit drop as impairment charges climb

February 13, 2020

GFH Financial Group, a Bahrain-based investment bank, reported a 38.7 per cent drop in its fourth-quarter net profit, dragged down…

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FinTech

Qatar Central Bank eyes launch of 'Sandbox' technology

February 13, 2020

The Qatar Central Bank  is preparing to launch ‘Sandbox' technology for computer security as part of QCB's preparations to unveil…

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Fraud & Ethics

UAE bank fined $600k over money laundering risk

February 13, 2020

The Jersey branch of a Middle Eastern bank has been fined £475,000 ($613,000) for failing to intervene appropriately when two…

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