06/14/2018
The leak has been used to identify 44 properties worth $28.2m (£21m, €23.8m) “directly associated” with individuals named in US sanctions and a further 37 properties worth $78.8m connected to them via their networks.
06/13/2018
A regulatory sandbox is a framework and process that facilitates the development of the financial technology (fintech) industry in a safe and calculated way.
06/13/2018
The Central Bank of Kuwait has issued a circular for banks operating in accordance with Islamic Shari’a, requesting them to provide direct investment data on a quarterly basis in a collective manner
06/13/2018
The Abraaj Group made headlines in February, when the Wall Street Journal reported that the Bill & Melinda Gates Foundation and other investors hired a forensic accountant to look into possible misuse of money
06/12/2018
The petition filed by Auctus follows a separate court request last month in the Cayman Islands from an Abraaj investor
06/11/2018
The affected firms failed to regularise their activities during a grace period given by the bank
06/11/2018
The partnership will support the Government's ambitions to create a thriving financial sector- laid out in Vision 2030
06/11/2018
FAB continues to operate and service its customers in the sultanate and reaffirms its long-term commitment to supporting Oman’s economy.
06/11/2018
Private equity group lacked governance but did not embezzle funds, Deloitte finds
06/10/2018
He will not be allowed to travel outside the UAE.
06/08/2018
Suspects allegedly lured victims to invest in foreign stocks, stole money through online app after obtaining bank account and credit card details
06/08/2018
The market regulator Securities and Commodities Authority this week issued new rules governing sukuk offerings
06/07/2018
Instinctif Partners is re-appointed by both clients for the second consecutive year
06/07/2018
The Middle East and Africa’s largest private equity firm has denied any wrongdoing.
06/07/2018
Mashreq Bank has applied for a banking licence in Saudi Arabia as it seeks to benefit from opportunities surrounding the kingdom's economic reform plans.
06/07/2018
The Ministry of Economy and Commerce had prepared the draft law within the context of facilitating requirements for investors and the business community.
06/07/2018
Credit growth turns sluggish as private sector credit contracts
06/06/2018
The VEB representative office in Abu Dhabi will promote cooperation between the UAE and Russia in exports and investment, said the top official.
06/05/2018
The GCC, composed of the United Arab Emirates (UAE), Saudi Arabia, Bahrain, Kuwait, Oman and Qatar, is also cracking down on Hezbollah – Iran’s number one proxy group.
06/05/2018
Qatar has rejected the accusations and the demands, calling the blockade a politically motivated attempt to undermine its sovereignty