Dubai Investment Bank Plans Egypt Expansion as Economy Recovers
Shuaa Capital PSC is assessing potential acquisitions in Egypt’s financial services industry as the Dubai-based firm seeks to become one…
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End reliance on public jobs, IMF tells Middle East countries
Middle East countries must equip their youth with skills for the private-sector workplace to help curb dependence on government employment,…
Mideast needs to invent new economic model: IMF chief
The International Monetary Fund said oil prices are expected to weaken gradually over the next three to four years and…
Kuwait hires TICG to advise on bourse listing – regulator
Kuwait has hired Tri International Consulting Group to advise on the initial public offer of shares in the operator of…
Islamic banking in Egypt increases 16 % in 2017: official
The market share of Islamic finances in Egypt climbed 16 percent by the end of 2017 recording 240 million Egyptian…
Barclays Bank charged over Qatar loans
The Serious Fraud Office has charged Barclays Bank PLC with "unlawful financial assistance" related to billions of pounds raised from…
BNY Mellon Receives Two MENA Fund Manager Services Awards
BNY Mellon has been awarded “Global Custodian” of the year at the 2018 MENA Fund Manager Services Awards. In…
Abu Dhabi financial regulator may create framework for virtual currencies
The regulator of Abu Dhabi’s international financial centre said it could create rules for exchanges handling virtual currencies, in a…
Bank ABC 2017 net profit up 6pc to $193m
Bahrain-based Bank ABC (Arab Banking Corporation) has posted consolidated net profit of $193 million for the year 2017 as against…
Barclays Bank faces fresh SFO charges over 2008 fundraising
The Serious Fraud Office has charged Barclays Bank over a $3bn (£2.2bn) loan given to the State of Qatar as…
UBS to Hire Ex-Morgan Stanley Banker for Richest Saudis
UBS Group AG hired a former Morgan Stanley banker to run its ultra-high net worth business in Saudi Arabia as…
UAE Exchange uses blockchain for instant cross-border payments
Through this partnership, UAE Exchange joins RippleNet, Ripple's enterprise blockchain network with over 100-member banks and financial institutions. Leveraging…