Dubai regulator imposes curbs on local Espirito Santo bank
The Dubai Financial Services Authority (DFSA) said on Thursday that it was imposing restrictions on ES Bankers (Dubai) Ltd (ESBD),…
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UAE banks urged to address expats' savings snub
Almost half of UAE residents surveyed by compareit4me.com, a UAE-based finance comparison website, said they choose to save their money…
Family businesses could benefit from investment from HNWIs
About four-fifths of Middle-Eastern businesses are seeking external finance, while three in five have previously offered equity in their business…
Goldman Sachs gets strong demand for landmark sukuk issue
Goldman Sachs raised $500 million with its debut sale of Islamic bonds on Tuesday, becoming the first conventional U.S.bank to…
Islamic State Delaying Iraq’s First Project Finance Deal
Islamic State’s onslaught in Iraq is forcing the OPEC producer to delay its first project-finance deal, an oil pipeline to…
OECD unveils new global plans to crack down on corporate tax dodgers
The OECD released today its first recommendations for a co-ordinated international approach to combat tax avoidance by multinational enterprises, under…
Egypt's EGX extends trading technology contract with NASDAQ OMX
The NASDAQ OMX Group and the Egyptian Exchange have entered an agreement to extend the current contract for EGX till…
Arab Jordan Investment Bank rolls out ICS Banks tech
Arab Jordan Investment Bank acquired HSBC Bank- Jordan in January 2014 and started its banking operations in June 2014 with…
UAE Reviews Progress On Tax Transparency
The Government of the United Arab Emirates (UAE) recently convened a meeting in Dubai with local and federal ministries to…
World’s Billionaire Club Expands By 7%
The Wealth-X and UBS Billionaire Census 2014, released today, shows that 155 new billionaires were minted this year, pushing the…
N.Y. court asked to freeze Turkish family's assets in UAE bank
An attorney for a Motorola subsidiary has asked New York's top state court on Tuesday to allow it to freeze…
American Express Middle East: significant changes in spending habits across MENA region
Nearly two-thirds (59 per cent) of luxury spenders in the MENA region are now choosing to spend more of their…