Capital, Technical Restrictions on Money Exchange Offices in Saudi Arabia
The Saudi Arabian Monetary Authority- the Central Bank of Saudi Arabia – has imposed capital and technical restrictions on money…
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Boubyan Bank announces a successful offer for BLME Holdings plc
The offer will remain open for further acceptances until 1.00 p.m. (London time) on 19 February 2020 Boubyan Bank…
CBK, ABK and KfW IPEX-Bank lead arrange $650m project finance
A consortium of six banks led by Commercial Bank of Kuwait, Al-Ahli Bank of Kuwait, and KfW IPEX-Bank as Initial…
Kuwait’s central bank should relax rate caps – IMF
The International Monetary Fund says the Central Bank of Kuwait should relax lending rate gaps once new credit laws have…
Empower annual profit up 8.3% to $237million
Empower reported a net profit of $237million in 2019, up 8.3% on the previous year. The company also posted…
Goldman Sachs Promotes Skoglund to Head European PE Dealmaking
Goldman Sachs Group Inc. has promoted Anna Skoglund to head its group advising private equity firms and large financial investors…
Turkey's Islamic banking assets to ‘double’ in decade
Turkey’s Islamic banking assets are set to double within a decade as government initiatives drive growth in the sector, credit…
Environmental issues dominate threat list
The 15th edition of the World Economic Forum’s Global Risks Report is published as critical risks are manifesting. The global…
Watershed moment: As renewables rise, world must brace for era of disruption
A new world is emerging from the global shift to renewables, and it is poised to upend societies and economies…
AFS named official POS acquirer for The Bahrain International Circuit
Arab Financial Services had signed an agreement with Bahrain International Circuit to become an official POS (point-of-sale) acquirer in advance…
Banque de Caire IPO, United Bank to help Egyptian bank re-rating
Egyptian banks look set to rebound from their low valuations in 2020, with interest rates and corporate actions likely to…
Bahrain Bourse joins Tawasul in new services push
Bahrain Bourse yesterday announced that it has joined the National Suggestions and Complaints System ‘Tawasul’, in line with its efforts…