Dubai Bank claims Sh1bn from ex-owner
Collapsed lender Dubai Bank has filed a suit claiming the $11 million, Sh1.1 billion its founder and former chairman, Hassan…
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Ithmaar's new group structure wins approval
Ithmaar Bank, a Bahrain-based Islamic retail bank, announced today that it has obtained final approval from the Central Bank of…
UAE all set to carry out 2021 Vision after great 2016 achievements
As the UAE welcomes 2017, it can look back with pride on 2016, the year in which it accomplished a…
Masraf Al Rayan to close brokerage business
The company’s last date of trading will be 12 January 2017, after which all remaining client stocks will be transferred…
NBK Capital named Regional Equities Manager of the year
Watani Investment Company KSCC won the “Regional Equities Manager of the year 2016” from Global Investor Middle East. According to…
Dubai Harbour: Sheikh Mohammed unveils major new project with Middle East’s biggest marina
A major new waterfront development featuring the Middle East’s largest marina capable of handling 1,400 vessels is to be built…
Boss of Dh50m foreign currency scheme in Dubai arrested
The man behind a Dh50 million foreign-exchange scheme that promised to double investors’ money has been arrested, fraud investigators say.…
UAE among top five career destinations globally according to expats
According to new data released by HSBC’s annual Expat Explorer Survey, the country improved from sixth place in 2015, in…
This Is Where the World's Highest-Paid Expats Live
It pays to be an expatriate in Switzerland. Expats living in the home of UBS Group AG, drug maker…
National Bank of Oman weighing offer for stake acquisition
National Bank of Oman, the Sultanate’s second largest lender, has revealed that it has received a proposal from Singapore based…
Asma Capital in $147million deal with UAE’s Utico
Asma Capital owned by sovereign institutions including Islamic Development Bank, Saudi Arabia’s Public Investment Fund (PIF) and Public Pension Agency,…
Depositors start year with jitters as billions held in 3 fallen banks
Depositors are set to open the New Year with tens of billions still locked away in three collapsed banks months…