UK bank Rosette launches Islamic capital markets unit
UK-based Rosette Merchant Bank an independent, privately-owned, sharia compliant financial services firm with close ties to Kuwait and the rest…
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Investcorp floats biz to buy stakes in mid-size alternative asset managers
Gulf-based investment management firm Investcorp has a launched a new business to invest in mid-size alternative asset managers as it…
KPMG Releases the Fintech 100, The World’s Leading Fintech Innovators for 2018
The 2018 Fintech100 is the fifth edition of the annual report, a collaboration between fintech investment firm H2 Ventures and…
Saudi oil output said to surge to record high in Nov
Saudi Arabian oil production surged to a record near 11 million barrels a day this month after the kingdom received…
Bank Leumi to bring mobile-only Pepper to the US
Launched just over a year ago, Pepper is an AI-heavy mobile bank modelled on consumer use of social media feeds.…
New rule for ATM, credit card transactions in UAE
Customers in the UAE have to update their bank records by submitting their Emirates ID by February 28, 2019 in…
HSBC ‘buoyant’ on commercial banking business in Qatar
The region’s legacy bank HSBC is very much excited over the emerging opportunities available in the region and Qatar. …
World Bank calls for ‘moonshot’ approach to Middle East economy
It cannot be often that the MENA Economic Monitor, a publication of the World Bank, can lay claim to being…
Dubai Authorities Come Under Fresh Pressure Over $500M Frozen In Bank Account For More Than A Year
A Kuwaiti investment firm is pulling in well-connected figures in the U.S. to put pressure on Dubai to release $496m…
UAE's Senaat hires banks for planned sukuk -document
United Arab Emirates’ General Holding Corp PJSC (Senaat) has mandated banks to arrange a series of fixed-income investor meetings in…
The GCC’s pension systems are ripe for reform
Providing generously for retirement is a source of pride for the region, but funding a financially secure future is an…
Morgan Stanley names new Europe head of private equity banking
Morgan Stanley has named a new head of its team serving private equity clients in Europe — as banks step…