Barclays Israel again questioned on tax evasion
Barclays Israel CEO Leonard Rosen was summoned back for additional questioning by the Israel Tax Authority, following the testimony he…
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Middle Eastern business leaders highlight business opportunities in the region
Middle Eastern business trends, innovation and entrepreneurship were the topics discussed by two of the region's most savvy business leaders,…
Oil Prices Could Jump 50% by the End of 2016
Oil bulls distressed that last week’s rally fizzled can find some comfort in forecasts for a bigger and longer rebound…
Abu Dhabi to withdraw billions from ADIA to meet deficit, Fitch says
The assets of the Abu Dhabi Investment Authority will probably shrink by billions of dollars by the end of this…
Bank Sohar, Bank Dhofar merger update, due diligence commenced
The statements said that, “Further to the update provided on 29 October 2015… The consultants appointed for legal and financial…
Swiss Affiliate Bank in Middle East Responsible for Financial Mis-selling Fails to Comply With Court Ruling
One of two defendants in the biggest ever financial mis-selling case in the GCC region, Bank Sarasin-Alpen (ME) Limited, the…
Troubled Indian group nears sale of top London hotel to Qatar
Troubled Indian conglomerate Sahara has told a court in India that it has agreed to sell its stake in one…
RAKBANK reports net profit of AED 1.4 billion for 2015
RAKBANK Group has announced AED 1,405.3 million in Net Profit for the year ended 31 December 2015, a marginal decrease…
Iran set to reshape global Islamic finance industry
Now that most economic sanctions on Iran have been lifted, the international Islamic finance industry needs to brace itself for…
Goldman promotes in primary markets, names levfin head
Esposito was cohead of the global financing group, but was head of EMEA financing group for two years before that,…
Barclays cuts 150 jobs in Mideast as it restructures corporate bank
Barclays is cutting nearly 150 people from its corporate banking unit in Dubai as part of a restructuring of…
Who's Flying Private Aviation In The Middle East?
Ultra High Net Worth Individuals need to get around and they need to get around fast. These are individuals…