Ex-Leeds Utd MD David Haigh acquitted in Dubai on Twitter abuse charges
The former managing director of Leeds United, has been acquitted in Dubai over charges relating to a tweet, according to…
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Gulf states not holding back on major reforms
Oil’s dramatic fall since June 2014 is emboldening Middle East policymakers. Generous fuel and food subsidies are being slashed, sales…
QIB goes live on Temenos’ T24 core banking system
Qatar Islamic Bank has finally gone live with a new core banking system, Temenos’ T24, nearly six years after signing…
GCC banks' revenue growth rate plunges back to single digit
Lower oil prices are beginning to impact the banking industry in the Gulf Cooperation Council region, with revenues and profits…
ADIA at 40: Longest-serving employee witnessed evolution into a financial powerhouse
Hareb Al Darmaki, the longest-serving employee at the Abu Dhabi Investment Authority (Adia), recalls when the fund was so small…
Abu Dhabi based Aabar Investments signs €3.6 billion loan facility with global banks
Aabar Investments PJS , an Abu Dhabi-based diversified investment company, has agreed and signed a €3.6 billion loan facility with…
Akanar Partners becomes part of Arqaam Capital's investment banking division
Arqaam Capital , the specialist emerging markets investment bank, today announced the successful merger of Akanar Partners, a dedicated corporate…
Bahrain spotlighted as banking, investment hub
Bahrain Asset Managers Association (BAMA) today announced that it will host a high level panel discussion on March 29 on…
Investcorp Further Expands Real Estate Portfolio with Acquisition of Five Residential Properties in Minneapolis and Boca Raton
Investcorp, a leading provider and manager of alternative investment products, today announced that its U.S.-based real estate arm, through two…
Saudi Arabia Tells Foreign Banks to Publicly Disclose Finances
Saudi Arabia is telling international banks to publicly disclose financial statements for the first time as the kingdom’s regulator seeks…
Pension reforms can be a timely solution for the UAE
There has been a lot of concern on the impact of oil prices on the UAE economy and on asset…
GCC reinsurers expected to survive softening renewal rates
Reinsurance companies operating in the GCC are experiencing softening renewal rates in line with similar global trends, according to Moody’s.…