New crypto exchange to be launched in Dubai
Jado Pado founder Omar Kassim will launch the next crypto exchange and OTC market for the Middle East, Africa and…
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Al Rayan Bank wins ‘Best Islamic Bank in the UK’ honour
Al Rayan Bank (UK), the country’s largest and oldest Islamic retail bank, has had an impressive start to 2018 by…
Citi gets Saudi go-ahead for investment banking business
Citigroup has won formal approval from Saudi Arabia’s Capital Market Authority to begin investment banking business there, the US bank…
Biggest US state fund to invest in Middle East via Abu Dhabi-based fund
The Alaska Permanent Fund Corporation, a wealth fund for the oil-rich state that has US$65 billion of assets under management,…
UAE welcomes removal from EU tax haven list
The UAE has welcomed the decision by the European Union to remove the country from a list of 'uncooperative tax…
Qatar National Bank mandates banks for Kangaroo bond
Qatar National Bank, the Gulf’s largest lender, has mandated Australia and New Zealand Banking Group and Bank of America Merrill…
UAE demand for business loans up marginally in Q4 -central bank
Demand for business loans in the United Arab Emirates increased marginally in the fourth quarter of last year, mainly because…
Saudi Arabia Hotel Investment Conference to debut in February 2018
The Saudi Arabia Hotel Investment Conference is set to make its debut with the Kingdom currently having the largest number…
UBS Replaces Key Private Banker
UBS' private banking arm was roiled last month by the exit of long-standing boss Juerg Zeltner. Now, the Swiss…
Bank Leumi Announces Agreement for Strategic Investment Into Bank Leumi USA, Setting the Latter's Value Just Under 1 Billion USD
Bank Leumi le-Israel B.M. reported today that it has signed an agreement providing for strategic investment into Bank Leumi le-Israel…
UAE arbitration specialist joins Baker McKenzie Habib Al Mulla
An international and Dubai arbitration lawyer has joined Baker McKenzie’s UAE outfit from Hogan Lovells, bringing extensive experience of a…
SABB named ‘Best Trade Finance Service Provider’ by Euromoney
EUROMONEY has named Saudi British Bank as the “Best Trade Finance Service Provider” in Saudi Arabia for the year 2018.…