DIFC firms need to do more to combat money laundering risks
The Dubai Financial Services Authority (DFSA) published a Trade Finance Report detailing key findings of a review of trade finance…
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Breaking: Divisa Capital Raises US$100 million
Institutional foreign exchange and CFDs liquidity provider Divisa Capital has announced that it has raised an additional $100 million to…
Saudi's Riyad Bank Q4 net profit tumbles 66 pct, misses forecasts
Riyad Bank, Saudi Arabia's fourth-largest lender by assets, posted a 65.6 percent fall in fourth-quarter net profit on Monday, falling…
Egypt's Banque Misr and UAE's ADIB to sign $150 bn loan in Q1
Egypt’s second largest state-owned lender, Banque Misr is planning to sign a loan worth $150 million with Abu Dhabi Islamic…
Kuwait, India amend double taxation agreement
The Kuwaiti Ministry of Finance on Sunday signed a protocol with India amending the agreement between the two countries to…
Emirates Islamic reports Dh105.6m full year net profit
Dubai Emirates Islamic, an Islamic financial institution belonging to the Emirates NBD Group reported full year net profit of Dh105.6…
Bank of China to establish deposit bank in Turkey
The Bank of China has received permission to operate a deposit bank in Turkey through the investment of $300 million,…
KFH Group traded $11.4bn in sukuk market in 2016
“Kuwait Finance House Group (KFH-Group) volume traded in the Sukuk market reached $11.4 billion for the year 2016. Such…
Aabar set to invest in UniCredit's share sale
Abu Dhabi investor Aabar Investments is set to buy more shares in UniCredit in the Italian bank's upcoming 13 billion-euro…
China’s CreditEase launches second Israel-focussed fund, hits first close at $32.2m
CreditEase Wealth Management on Friday said it has raised $32.2 million in one month for its second fund focused on…
Emirates Islamic announces 2016 results
Net profit for the year came in at at AED 106 million, while total income grew by 3 per cent…
Julius Baer Appoints Intermediaries Manager
Julius Baer, the Zurich based private bank, has found a solution for the vacant position of head intermediaries. The…