More work to be done to improve UAE legal structure, says Al Mulla
Habib al Mulla was one of eight recipients of an Arabian Business Achievement Award, at a ceremony held last night…
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Middle East welcomes ten new members to billionaire's club
The MENA region welcomed ten new billionaires to its exclusive fold in 2017 according to an analysis from USB and…
Kuwait asks Dubai to hand back $500 million, frozen following money laundering investigation
Kuwait has demanded Dubai release around $500 million, which was frozen by the UAE following suspicions of money laundering. …
Abu Dhabi Financial Group CEO dedicates Arabian Business Achievement Award to team
“If it weren’t for the team I have, we wouldn’t be able to ride booms and busts in the economy…
SoftBank seeks Deutsche's advice on Saudi power investments-sources
SoftBank has hired Deutsche Bank to advise on its power investment plans in Saudi Arabia, two sources familiar with the…
Opec to remain central bank of oil: UAE minister
UAE's Energy Minister stressed that there is no intention to dismantle the organisation. The UAE's Energy Minister on Monday…
Bahrain and Singapore strengthen cooperation in FinTech
The Central Bank of Bahrain and the Monetary Authority of Singapore today signed a Memorandum of Understanding (MOU) to foster…
Doha Bank launches mobile app ‘Taeleem’ for its employees
Doha Bank announced yesterday to have launched a new mobile application (app) for its employees called ‘Taeleem’. The application aligns…
Arab development bank acquires stake in African multilateral lender
The Arab Bank for Economic Development in Africa, an institution owned by 18 Arab countries, has acquired a stake in…
Kuwait Central Bank issues circular against dealing with Iran
Kuwaiti Banks have been cautioned against illegal transactions and deceptive dealings with Iran. The Central Bank of Kuwait sent…
High net worth GCC clients ill prepared for transition of wealth to younger generations
Ninety two percent of respondents to a survey launched at Jersey Finance’s new office in the DIFC Monday said that…
Swiss cryptocurrency firm X8 obtains Islamic finance certification
Switzerland-based financial technology firm X8 AG has obtained certification from Islamic scholars for its digital currency, with plans to expand…