Lawyer: Dubai’s troubled Abraaj nears out-of-court settlement
A lawyer for the founder of embattled Dubai-based private equity group Abraaj said Thursday it is close to an out-of-court…
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Union Properties to issue AED 500 million Sukuk
UAE-based Union Properties’ (UPP) has announced that the board of directors approved the issuance of AED 500 million Sukuk. …
Investing In The Frontier
In 2014, frontier markets had a brief moment in the sun, as high-flying returns from smaller, riskier countries like Vietnam…
Four Big Banking Issues Affecting UAE Company Formation
Opening a corporate bank account can be stressful. New and tough international regulations and expectations on banks over the last…
Dubai's Emirates NBD raised around $52mln for Saudi equity fund: officials
Emirates NBD, Dubai’s largest lender, is planning to focus on exploring equity investments in Saudi Arabia and Egypt between now…
80pc of transactions will be digital in three years, says expert
Eighty per cent of the bank transactions from 2021 onwards could be digital in Bahrain if current advancement in technologies…
Gulf sovereign wealth funds pledge to fight climate change
Six sovereign wealth funds including four Gulf states have pledged to boost efforts to fight climate change at a Paris…
Bank Muscat unveils new digital banking services for corporates
Oman-based Bank Muscat has reinforced corporate banking services by advancements in digitalisation and technology, reported a local daily Oman Observer.…
6 major wealth funds agree to encourage greener economy
The sovereign wealth funds of major oil-producing countries have agreed upon a common roadmap to encourage investments toward a greener…
EU lawmakers back plan for European Investment Bank work in Iran
EU lawmakers gave approval on Wednesday for the European Investment Bank (EIB) to do business in Iran, overcoming a blocking…
Qatari cash expands wealth firm tied to Hong Kong real estate
London-based wealth manager LJ Partnership is eyeing a global expansion. Dilmun — a family office in New York that…
Al Baraka Bank moves towards digitalization
Al Baraka Bank (Pakistan) Limited has selected BenchMatrix to implement an automated regulatory compliance risk management system that would further…