Lebanese and Iraqi authorities bust fraud ‘mafia’ that targeted Beirut bank
An Iraqi fraud network that blackmailed a Lebanese bank, claiming ownership of millions of dollars of funds, has been uncovered…
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Arun Hari appointed Group Chief Risk Officer at Gulf International Bank
Gulf International Bank is pleased to announce that Arun Hari has been appointed as Group Chief Risk Officer as of…
Stellar approved as ‘Sharia Compliant’ by the Central Bank of Bahrain: XLM/USD resumes the uptrend
The Central Bank of Bahrain is reported to have approved one of the top ten cryptocurrency projects, Stellar.org as Sharia…
Banks weigh on Saudi and Dubai, as Qatar rebound continues
Shares of blue chip banks and petrochemical companies weighed on the Saudi stock market on Tuesday, while Qatar's benchmark index…
Saudi sovereign wealth fund in bank talks for debut loan
Saudi Arabia’s sovereign wealth fund is in talks with global banks to borrow between $6bn and $8bn, marking the first…
Moci To Review Laws On Establishing Realty Cos
Legal Affairs Department in the Ministry of Commerce and Industry is reviewing laws that oblige Gulf investors who are geared…
Alvarez & Marsal expands disputes and investigation practice with addition of Ghazanfar Shah to Middle East team
Alvarez & Marsal announces the continuing expansion of its Middle East team with the appointment of Ghazanfar Shah as Senior…
Bank Dhofar and National Bank of Oman in talks for latest GCC banking merger
Bank Dhofar and National Bank of Oman will discuss a potential merger that could create a new financial institution in…
UBS sees rising foreign investment in Mideast
Following recent decisions by major index providers MSCI and FTSE to include Saudi Arabia in their respective EM benchmarks, it…
Murabaha Capital ropes in SRB as Islamic advisor
Murabaha Capital has signed up Shariyah Review Bureau as its sharia advisor. As per the deal, SRB will supervise…
Shuaa Capital to boost foothold in Saudi Arabia, Kuwait, Egypt
Shuaa Capital is seeking to collaborate with Saudi Arabia’s Jabal Omar Development Company to launch real estate investment trusts in…
Bank Sohar Q2 net profit surges 21pc to $36m
Bank Sohar, a leading bankin Oman, has posted a net profit of RO13.982 million ($36.23 million) for the second quarter …