07/29/2019

Dubai and India to enhance financial collaboration

The meetings were set up to discuss DIFC’s strategic plans and the Centre’s roadmap for growth, while exploring mutually beneficial partnerships with Indian firms and financial institutions.

07/25/2019

State fund sells Gulf Bank stake

KIA still owns stakes in other banks, including a 24 percent stake in Kuwait Finance House and a 19.2 percent stake in Bank of Bahrain and Kuwait.

07/24/2019

ADGM and OneConnect collaborate on FinTech development, innovation

Building connectivity and partnerships with key stakeholders such as OneConnect will help Mena FinTech participants tap opportunities in the Belt and Road corridor, and develop deep digital capabilities to accelerate the adoption and deployment of FinTech

07/24/2019

Oman hires banks for dual-tranche dollar bond

The announcement comes after the small Gulf oil producer - bruised by a slump in energy prices over the past few yars - published encouraging deficit figures late last week, giving some respite to its debt investors.

07/23/2019

Dubai Chamber holds dialogue on engaging young Emiratis

Bringing together representatives from government entities and private companies across the UAE, the activity formed part of efforts by Dubai Chamber – the organisation that represents Dubai’s business community - to support UAE Vision 2021

07/23/2019

Financial stability forum opens in Amman

Such challenges, he added, need to be addressed by strengthening the banking sector's ability to withstand risks and absorb shocks, applying sound corporate governance rules, activating the role of risk departments, enhancing compliance with local an

07/23/2019

UAE, China ink several pacts to boost cooperation

The Abu Dhabi Global Development Market, ADGM, and the China National Nuclear Corporation, CNNC, signed a cooperation agreement to facilitate Belt and Road initiatives in the UAE and MENA region, and help grow CNNC's globalization plans.

07/22/2019

Kuwaiti duo acquitted in KD 13 mln money-laundering case

Meanwhile, the defendant's lawyer, Attorney Ali Al-Wawan, argued that the court summon did not show allegation that his client made the plaintiffs sign any document to indicate payment of interests on top of the loans taken.

07/22/2019

ADIB and Al Baraka sign MoU to expand network

Mazin Manna, Group CEO of ADIB, said: “Partnering with Al Baraka is closely aligned to our overall strategy of bringing value-add services to customers which can enhance their banking experience."