UAE Central Bank Says StanChart Can Face Legal Action
The bank had agreed to close some customers' UAE accounts in an anti-money laundering settlement with US regulators announced on…
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Kuwait's Khorafis win Dubai judgement against Swiss bank
A court in Dubai's financial centre ruled in favour of Kuwait's Khorafi family in a suit against Switzerland's Bank Sarasin…
NBAD MENA income and growth fund delivers 2.40% semi annual dividend
The National Bank of Abu Dhabi ( NBAD ) distributed 2.40% dividend to NBAD MENA Income and Growth Fund investors…
Saudi Financial Regulator Proposes Controlled Structure for Foreign Ownership
he Capital Market Authority, the main financial regulator for financial markets in Saudi Arabia, has issued new draft proposals for…
Turkey's Ziraat says ends acquisition talks with Bank Asya
Turkish state-run Ziraat Bank scrapped talks to acquire Bank Asya on Thursday, deepening concerns over the Islamic lender's future and…
BBK contributes BD 7500 to Bahrain Philanthropic Society
In line with BBK's strategic initiatives for a brighter community, Mr. Jamal Hijris- General Manager of Support Group welcomed at…
A New Initiative for the Development of Islamic Microfinance
Keeping in view rising concept of Islamic microfinance all over the world, a platform is formed to promote Islamic microfinance…
Dubai’s International Financial Centre in Bid to Lure Hedge Funds
Dubai’s financial hub is growing up. Since it was established a decade ago, the Dubai International Financial Centre has become…
London counts on safe-haven appeal for Middle East real estate investors
Standing in what will be a multimillion pound apartment on the thirtieth story of CIT’s new South Bank Tower scheme…
Nakheel repays all AED7.9 billion bank debt – four years ahead of time
Dubai developer Nakheel today confirmed the early repayment of its entire AED7.9 billion bank debt, nearly four years before the…
Arab investors spending big to refurbish prominent Paris hotels
As many as five of Paris’ most notable hotels are receiving hundreds of millions of dollars in upgrades as sovereign…
Monolithic investment banks need a reality check
Over the decades, global investments banks such as Goldman Sachs and Credit Suisse have enjoyed stellar reputations due to the…