Mass resignations at Iran's sovereign wealth fund after 'fat cat' salary investigations
President Hassan Rouhani has accepted the mass resignation of those on the board of trustees of Iran’s sovereign wealth fund…
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Brexit: Pros and cons for the GCC
For many, the events of the morning of June 24 were a rude awakening. A British exit from the European…
Credit Libanais gets $20M EuroMena Fund injection
The EuroMena Fund, a private equity fund run by the Capital Trust Group, recently invested $20 million in the capital…
GBST appoints head of EMEA
GBST has announced the appointment of David Simpson to the position of head of Europe, the Middle East and Africa.…
ABK receives two coveted awards in Dubai
Al Ahli Bank of Kuwait was recently honored at the Annual Insights Middle East Call Center Awards, where it received…
Saudi Arabia raises commissions on stock exchange trades
Saudi Arabia's market regulator raised the commission on trades on the kingdom's Tadawul stock exchange, which is seeking to attract…
Israel Tax Authority extends voluntary disclosure deadline
Israelis now have until the end of the year to disclose unreported capital while enjoying immunity from prosecution. The…
HSBC Bank Middle East completes transfer to the DIFC
HSBC Bank Middle East Limited, an indirect wholly-owned subsidiary of HSBC Holdings plc said on Thursday that it has transferred…
HSBC Bank Middle East Limited Completes Transfer To The Dubai International Financial
HSBC Bank Middle East Limited confirms it has transferred its place of incorporation and head office from Jersey to the…
Oman sells $500m six-year sukuk
Oman's government has sold a $500 million six-year sukuk in a private placement, a document from the lead manager showed…
UAE to merge two govt wealth funds
A top United Arab Emirates official ordered the merger of two prominent government wealth funds on Wednesday, streamlining the country’s…
Saudi Electricity gets $1.5bn financing from China’s ICBC
State-controlled utility Saudi Electricity Co (SEC) has obtained $1.5bn in financing from Industrial and Commercial Bank of China, SEC said…