Saudi central bank's foreign assets fall 1% in October
Net foreign assets at Saudi Arabia's central bank fell 1.0 percent in October from the previous month to 2.401 trillion…
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Bad PR is leading to speculation that Saudi Arabia will devalue its currency
Speculation that Saudi Arabia could devalue its currency may owe more to a poor public relations effort by Saudi authorities…
Zurich to scale back general insurance business in the Middle East
Zurich today announced that it will begin a phased closing to new retail and small business customers in its general…
Defining digital differences amid financial disruption
PayPal, TransferWise, Zopa, Fidor – nimble digital brands are radically disrupting financial services. Whilst traditional banks are investing…
Barwa Bank announces 2nd round of Thara’a winners
Barwa Bank has announced the second round of draw winners for Thara’a, the bank’s newest high-profit Shariah-compliant savings account. …
Saudi Hollandi Capital taps up Miles Software for asset management automation
Saudi Hollandi Capital (SHC), the investment banking arm of Saudi Hollandi Bank has selected MoneyWare® suite for automating its Asset…
Blackstone Sells Midtown’s London Hotel to Abu Dhabi Fund For $382M
Just a month after news broke about Blackstone Group’s plan to buy Stuyvesant Town-Peter Cooper Village for $5.3 billion, …
Qatar: Board members can be sued for liability only in 3 years
Qatar has said the enforceability of liability lawsuits against members of the board of directors has been reduced to three…
Al Salam bank announced as gold sponsor for women in the financial and banking sector conference
The Central Bank of Bahrain has announced Al Salam Bank -Bahrain as a Gold Sponsor for the "Women in the…
Deloitte "Middle East Point of View": Investment fund products evolve to target private investors
Historically, asset management activities in the Middle East have focused on Sovereign Wealth Funds (SWFs) and other institutional investors. However,…
AlSafwa Islamic Financial Services debuts its journey as the first private joint stock company on DFM's (Second Market)
AlSafwa Islamic Financial Services became the first private joint stock company that lists its shares on the Second Market of…
SEDCO Capital Showcases Local Know-how and Global Reach
Hasan Al Jabri, CEO of SEDCO Capital participated in the Global Ethical Finance Forum which was hosted by the Scottish…