Abu Dhabi sovereign fund pausing Russia investments, CEO says
Abu Dhabi's Mubadala Investment Company is pausing investments in Russia, which represent less than 1% of its portfolio, because of…
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Muzn Islamic Banking records 24% rise in net profit
Muzn, National Bank of Oman’s Islamic Banking window, has released its financial results for 2021, recording a strong performance with…
EU states freeze $130 million worth of Lebanese assets
Authorities in three European countries have frozen more than $130 million in assets linked to an investigation into money laundering…
Central Bank of Bahrain issues revised collective investment undertakings regulations
The Central Bank of Bahrain (“CBB”) has conducted a comprehensive review of its Collective Investment Undertakings (“CIU”) regulations governing the…
Qatar plans to invest $5 billion in Egypt: Egypt cabinet
Qatar plans to invest $5 billion in Egypt in the coming period, Egypt said, as the North African nation’s economy…
First Abu Dhabi Bank to buy Egypt’s EFG Hermes
UAE lender First Abu Dhabi Bank has set the wheels in motion for the purchase of a 51 percent stake…
Barrows Hotel Enterprises starts offering high yield Bond Structures to Institutional Investors
Barrows has started offered Bond structures to Institutional Investors on behalf of contracted developers. Stricter banking regulations and higher…
Saudi Central Bank’s net foreign assets fall for third month in a row
Saudi Central Bank’s net foreign assets fell 1.2 percent in February, according to data published on its website. Net foreign…
All sectors return to activity in Bahrain says CBB data
Bahrain’s key economic indicators are consistent with the return to activity of all economic sectors in the Kingdom and demonstrate…
Nearly 95% people in Saudi Arabia report increased use of digital payments in 2021
Ninety five percent of respondents from Saudi Arabia reported an increase in their use of e-wallet and mobile banking in…
Multilateralism needed more than ever to address challenges
Minister of Finance H E Ali bin Ahmed Al Kuwari has said that multilateralism today is needed more than ever…
ADX to see 13 more listings before year-end
Abu Dhabi Securities Exchange could host 13 more listings before the end of this year as the Arab world's second-largest…