Relam Investment launches new blockchain technology
Relam Investment, an international investment company headquartered in Dubai, UAE, has announced the global launch of its third generation blockchain…
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Islamic banks face outdated property rules: industry body
Regulators overseeing Islamic banking must revise guidance on real estate exposures to align with the post-financial crisis capital rules of…
Number of ultra-wealthy in Middle East to rise 28% by 2022
The number of demi-billionaires – those with $500 million or more in net assets – in the Middle East will…
Abu Dhabi Financial Group offers revised bid for Abraaj's ME funds
Abu Dhabi Financial Group (ADFG) has submitted a revised bid to acquire the management rights for the Middle East funds…
ADIB raises $750 million in UAE’s first tier-one perpetual Sukuk
Abu Dhabi Islamic Bank (ADIB) has successfully raised $750 million of additional Tier 1 through a perpetual Sukuk that complies…
Dubai DIFC wills service centre offers options to pass on the assets to heirs
Up to 2015, Shariah used to be applied to all residents, Muslims or non-Muslims, when sharing out assets among family…
UAE Ministry of Finance to enhance financial coordination
The Ministry of Finance (MoF), in collaboration with the World Bank Group (WBG), held a roundtable discussion on the project…
Citi has appoints Head of Consumer Banking for Asia Pacific and EMEA
Citi has appointed Gonzalo Luchetti as Head of Consumer Banking for Asia Pacific and EMEA. Gonzalo will manage the 12…
Egypt seeks sovereign wealth fund boss
Egypt is looking to hire a chief executive for its new sovereign wealth fund as it seeks to attract more…
Dubai financial regulator appoints new chief executive
Dubai Financial Services Authority, the emirate’s financial services regulator, appointed a new chief executive to replace Ian Johnston who will…
Profitability among top UAE banks continues to improve in Q2
Profitability among the UAE's biggest banks continued to improve during the second quarter of 2018, according to a new report.…
How Kuwait is transforming into a business powerhouse
Kuwait has earned the right to occupy its rightful place in regional business, despite issues the country needs to face…