Bahrain to launch $100m fintech fund
Private investors in Bahrain hope to launch a $100 million fund dedicated to financial technology, according to a government official…
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Standard Life in Talks With Saudis Over Seeding Local Funds
Standard Life Aberdeen Plc is in talks with Saudi Arabia about starting one or more investment vehicles that would be…
Woman appointed to run Saudi Arabian bank for first time in country's history
A woman has been appointed to run a Saudi Arabian bank for the first time in the country’s history. …
Saudi crown prince says sovereign wealth fund will surpass US$600b target by 2020
Saudi Arabia’s Crown Prince Mohammed bin Salman said the kingdom's main sovereign wealth fund (PIF) will surpass its target of…
Bahrain central bank nods to GFH property portfolio sale
GFH Group on Sunday announced receiving “conditional approval” from the Central Bank of Bahrain (CBB) regarding the offer received in…
Saudi Arabia to invest $45bn more in SoftBank funds
The Saudi Arabian government is prepared to pour an additional $45 billion into funds operated by Japan's Masayoshi Son, who…
Citi’s Middle East banking business is no joking matter
At around 6 p.m. last Tuesday, Atiq Rehman was racking his brains for a joke. The CEO of the…
Fintech, a global boost for Islamic Finance?
Fintech can enable Islamic finance to attract more customers, increase efficiency, reduce costs and offer a wider range of products,…
QIIB’s CEO honoured with GIFA Islamic Finance Award
QIIB chief executive officer Dr Abdulbasit Ahmad al-Shaibei was honoured with the ‘Most Outstanding Leader in Islamic Finance Award-2018’ in…
Credit Suisse to Rehire Badr to Head Push Into Saudi Stocks
Ahmed Badr is set to rejoin Credit Suisse Group AG in Dubai four years after Renaissance Capital hired him from…
Luxury Dubai hotel now serving bougie cappuccino made with 24-carat gold
For their moneyed guests and for local Instagram snap-happy shutterbugs and influencers, Dubai’s luxury Burj Al Arab hotel has created…
Richest kid in Dubai
Everyone dreams of being rich and successful and hanging out with the worldwide celebrities who would see you as their…