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FinTech

Dubai Police Arrest “Middle East Bitcoin” or Habibi Coin Founder for Defrauding Millions from Investors

October 31, 2019

In a strange irony, ‘serial multimillionaire’ Dubai based entrepreneur and philanthropist, Aziz ”Com” Mizra, was taken into custody early on…

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Comment & Analysis

Breaking foreign exchange peg could be ruinous for Lebanon

October 31, 2019

Lebanon's political and banking crisis has put growing pressure on its 22-year-old currency peg to the US dollar and foreign…

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Retail Banking

Residential communities and cultural attractions drive growth for Saadiyat Island: report

October 31, 2019

Egypt said it picked five lenders, including JPMorgan Chase & Co. and Citigroup Inc., to manage new dollar bond issuance…

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Islamic Finance

Sharia law and the applicable inheritance rules

October 31, 2019

When it comes to succession planning and wealth preservation, our clients in the Middle East are today among some of…

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Comment & Analysis

Awareness is key to preventing fraud

October 31, 2019

In order to better understand the means and methods of fraudsters in the digital age, SS&C turned to a panel…

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Pensions

How DIFC’s new savings scheme is evolving as it nears roll-out on January 1

October 31, 2019

At a seminar for Dubai International Financial Centre employers on the free zone’s new Employee Workplace Savings scheme — set…

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FinTech

Riyad Bank launches $27mln fund for fintech startups

October 30, 2019

Riyadh Bank has launched a 100 million Saudi riyals ($26.7 million) program to invest in financial technology startups, the bank…

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Islamic Finance

Islamic finance institutions need to rethink roles in current times, says Bank Rakyat

October 30, 2019

Bank Rakyat says Islamic finance institutions need to rethink their roles for the current times and urged institutions to look…

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Hedge Funds & Alternative Investments

Saudi sovereign wealth fund in talks with Softbank Group over investments

October 30, 2019

Representatives from Saudi Arabia’s giant sovereign wealth fund are in talks with Softbank Group about a possible investment in the…

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Financial Results

Bahrain FDI Hits $28.7 Billion in Q2

October 30, 2019

Bahrain achieved foreign direct investment  of BD10.9 billion ($28.7 billion) at the end of the second quarter, reflecting an increase…

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Retail Banking

S&P maintains Gulf Bank of Kuwait's ‘A-’; outlook stable

October 30, 2019

Standard & Poor’s  Financial Services maintained its credit rating of Gulf Bank of Kuwait at ‘A-,’ with a ‘Stable’ outlook,…

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Executive Moves

Emirates NBD Hires Group CFO from Standard Chartered

October 30, 2019

Emirates NBD hired Patrick Sullivan as its new chief financial officer, marking yet another translation of a Standard Chartered exit…

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