GCC sovereigns prepare funding plans
Sovereigns across the Gulf have spent January preparing with varying degrees of urgency to meet the year’s external funding requirements.…
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Saudi Arabia Weighing ‘Soft’ Crypto Regulation
Saudi Arabia is watching the cryptocurrency market closely and while local authorities have not yet put any restraints on crypto…
Qatari Commercial Bank to strengthen economic ties with Turkey
Qatar's Commercial Bank has revealed its plan to strengthen relations with Turkey as it invests further capital. The country…
Dubai Islamic Bank issues $1 billion senior unsecured Sukuk
The issuance emanating from DIB’s $5 billion Sukuk Programme carries a profit rate of 3.625 per cent and is the…
Indian-Born Middle East Billionaire Shamsheer Vayalil Joins The Giving Pledge
That led to Vayalil, founder of VPS Healthcare, a network of hospitals, clinics and pharmacies headquartered in the UAE, to…
Al Tamimi releases latest DIGC business guide
Al Tamimi &Company, a leading law firm in the region has released latest version of its comprehensive guide for established…
Bankers win ‘$10m bribery’ case
A bank’s business developer, officer and salesman who pocketed an alleged $10 million bribe to offer bank facilities to ineligible…
Dubai's Emirates NBD issues A$450 mln Kangaroo bond
Emirates NBD, Dubai’s largest bank, has priced a A$450 million ($362.03 million) 10-year bond, part of a A$1.5 billion so-called…
Kuwait to spend $500bn on oil projects by 2040
OPEC member Kuwait plans to spend more than half a trillion dollars by 2040 to boost its oil and gas…
Oman Arab Bank reveals Hasaad Savings Scheme for 2018
Oman Arab Bank encouraging the savings habit with customers, has announced the new ‘Hasaad’ Savings Scheme for 2018. The…
Investment in cryptocurrencies a risk
Head of Central Bank of Iran's Information Technology Department has warned against investing in digital currencies. Nasser Hakimi told…
Monetary deposits spur money supply
Driven by a rise in monetary deposits, money supply aggregates in the UAE under two key classifications (M1 and M2)…