Expo will add at least 1.5 percentage points per year to Dubai’s GDP
IMF projects Dubai’s growth to be a healthy 5.6 percent in next six years. The hosting of Expo 2020…
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Kuwait Finance House CEO resigns
Datuk Seri Abdul Hamidy Abdul Hafiz, the chief executive officer (CEO) of Kuwait Finance House (M) Bhd (KFH), has tendered…
Bank Leumi Said to Be Near $400 Million US Tax Settlement
Bank Leumi Le Israel (LUMI) BM is close to a $400 million settlement of federal and state investigations into whether…
Kuwait's appeals court cuts insider trading fine against Al Ahli Bank chairman
Kuwait's Court of Appeal has reduced a fine against the chairman of Al Ahli Bank on alleged insider trading charges…
NBK awarded by VISA
Al Khader said, “NBK is committed to providing its customers with the best banking products and services by building on…
Growth in EM hedge fund investment slows
The latest HFR emerging markets hedge fund industry report reveals that hedge fund capital invested in emerging markets posted only…
Finance: Egypt's small borrowers have big potential
A new law permitting non-bank for-profit lending institutions may unleash a revolution in microfinance by allowing more actors and innovators…
Qatar, Abu Dhabi and Dubai: New centre of the sporting world?
Where once, sport looked west for investment and inspiration, now it looks east. The oil-rich billionaires of the Gulf…
ICD to raise up to $1.2 bln in Islamic financing -CEO
The private sector arm of the Jeddah-based Islamic Development Bank plans to tap Islamic capital markets to raise as much…
Ajman Bank adopts SmartStream’s Corona
Ajman Bank adopts SmartStream’s Corona. Headquartered in the UAE Emirate of Ajman, the bank is a leading provider of…
HSBC to refund UAE, Bahrain, Oman customers for excessive fees
HSBC will refund customers across five countries in the Middle East and North Africa for charging them excessive foreign currency…
ADIB arranges Dh1.55 billion financing for Zakher Marine
Abu Dhabi Islamic Bank (ADIB) has signed an agreement with Zakher Marine International Inc. to arrange a $420 million (Dh1.55…