Acquirers cast eagle eye on UAE financial adviser firms
Bigger players are eyeing the acquisition of struggling smaller firms, but is there real consolidation activity taking place in the…
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Abu Dhabi Three-Way Merger to Form $114 Billion U.A.E. Bank
Abu Dhabi Commercial Bank PJSC agreed to merge with Union National Bank PJSC and Al Hilal Bank to create the…
Banks lift Saudi, blue-chips elevate major Gulf markets
Saudi Arabia's stock market rose sharply on Monday to a three- and-a-half year high boosted by blue-chip bank shares, while…
UAE-Saudi digital currency will be restricted to few banks, central bank says
A proposed UAE-Saudi digital currency will be restricted to a few banks in each country for executing financial settlements between…
Dubai Drags Its Heels On Release Of $500m In Frozen Funds, Missing Its Own Deadline To End Dispute
The Dubai authorities are continuing to hold $496m in funds belonging to a Kuwaiti investment firm which have been stuck…
Middle East bank battering could claim Lebanon
Following a year with Middle East stock markets down aside from tiny Tunisia, ratings agencies repeated a gloomy banking sector…
Dubai Has Become A "Money Laundering Paradise" Says Anti-Corruption Group
The Gulf city of Dubai has been slammed as a “money laundering paradise” by leading anti-corruption group Transparency International. …
Saudi Arabia hopes to lure over 425 bln in investments
Saudi Arabia on Monday launched an ambitious programme which it hopes will attract $427 billion in investments in the industrial…
Global investor appetite in GCC debt stays strong
The trend for a sustained upswing in government debt in Mena countries on the back of widening fiscal deficits will…
Pantheon Development launches new $54m project in JVC, Dubai
Pantheon Development launched its second project named “Pantheon Elysée” valued at AED200m in District thirteen of Jumeirah Village Circle, Dubai.…
Middle East cryptocurrency exchange ‘Rain’ to be Shari’a compliant
Rain, a Bahrain based cryptocurrency exchange operating out of the Regulatory Sandbox, has today announced its successful Shari’a compliance certification…
Amundi expands executive committee
Amundi has expanded its executive committee with the appointment of Pascal Duval as head of Retail Solutions and Julien Fontaine…