Telr welcomes new senior leadership team
The new leadership team will play a critical role in supporting Telr’s continual growth strategy and in driving its leadership…
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Bank official embezzled Dh896,742, court hears
A bank’s assistant manager embezzled more than Dh890,000 after forging documents, the Dubai Court of First Instance heard on Wednesday.…
Middle East firms face weakening working capital performance
Working capital performance remains a challenge for companies in the Middle East with working capital metrics weakening each quarter from…
United Gulf Bank posts H1 results
UGB’s net profit attributable to shareholders of the parent increased by 18 per cent to $1.4 million for the second…
Merger set to create largest takaful firm
The entire business of Solidarity General Takaful is proposed to be transferred to Al Ahlia Insurance Company, which is also…
Falcon PB adds three new currencies to bitcoin AM services
Falcon will add Ether, Litecoin and Bitcoin Cash to its blockchain asset management services which are provided through the cooperation…
ADGM offers foundations for wealth management
Abu Dhabi Global Market (ADGM), the international financial centre in Abu Dhabi, has launched the first of its kind Foundations…
Qatari Sovereign Wealth Fund Reduces Stake in Credit Suisse
The Qatar Investment Authority has reduced its shareholding in Credit Suisse Group AG to 4.94 percent. The country’s sovereign…
EFG Hermes reports increase in net profits in Q2, H1 2017
EFG Hermes, one of the leading financial services corporation in the Middle East and North Africa (MENA) region, reported on…
Saudi Arabia plans to launch second local currency sukuk issuance next week
Saudi Arabia plans to launch the second issue of its local currency sukuk programme during the week beginning on August…
Region's economic diversification gives way to resurgence of wealth managers
Private bankers are making a beeline to Saudi Arabia, beefing up their presence following the tanking of oil prices, the…
DIFC Courts’ half-year performance underscores global judicial standing
Dubai’s DIFC Courts witnessed sustained growth in the first six months of 2017, with the English-language, common law judiciary continuing…