"Unlawful" sukuk threaten Dubai's Islamic finance ambitions
Dubai's ambitions to become a global hub for Islamic finance may have been dented by the decision of Dana Gas…
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Dubai’s Emaar Properties appoints new group CEO
Dubai developer Emaar Properties has appointed Amit Jain as its new group CEO, it announced on Wednesday. In a…
Japanese banking giant invests $100m in Israeli cybersecurity firm
Israeli cybersecurity firm Cybereason has raised $100 million from Japanese telecommunications giant SoftBank Corp, the company announced on Wednesday. …
Visa launches initiative in MENA to foster regional payments innovation and fintech entrepreneurship
Entrants in Visa’s first-ever MENA Everywhere Initiative will have the opportunity to compete for a chance to win up to…
The price of independence catches up with Barclays
Chief executives have been known to go to great lengths to defend the independence of their companies. When facing…
Qatar Banks Have Sufficient Dollar Liquidity
Qatar top commercial bank executives have said that local banks possess sufficient dollar liquidity, pointing out that withdrawals were limited.…
TechPreneur Africa and Abu Dhabi sign fintech start-up support agreement
TechPreneur Africa, an organization dedicated to supporting financial technology firms and entrepreneurs that want to increase financial inclusion and opportunities…
UAE cbank foreign currency assets top $87bn
The UAE Central Bank's foreign currency assets increased 1.5 percent to Dh322.4 billion ($87.75 billion) during the month of May…
Northern Trust Survey: Surge in Demand Shows Transparency is Key to Success for Alts Investing
As alternative investments become more mainstream, information about investment vehicles, underlying assets and other risk management data has become more…
Bahrain's FEB Islamic Bank exited from its investment in Bulgaria
First Energy Bank recently exited from its investment in Bulgaria. FEB had invested in December 2013 jointly with Borealis in…
Money supply in UAE continues to increase in May
The UAE Central Bank announced yesterday that money supplies in different measures, including money in circulation and bank and government…
UAE President restructures board of Abu Dhabi wealth fund ADIA
UAE President and Abu Dhabi ruler Sheikh Khalifa bin Zayed Al Nahyan has issued a decree reshuffling the board of…