Abu Dhabi banks invested $7.1b in debt securities in 2020
Abu Dhabi banks have invested AED 26.1 billion ($7.1 billion) in debt securities in 2020, according to data released by…
Hedge Funds & Alternative Investments
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Is Saudi trying to lure regional headquarters away from the UAE with the latest challenge?
Saudi Arabia is increasing pressure on international firms to shift their Middle East hubs to the Saudi kingdom. Can this…
BBK records $34.48m profit for Q4
Bahrain's BBK bank achieved a net profit attributable to the owners of BD13 million ($34.48 million) for the fourth quarter…
CISI launches anti-money laundering partnership with Qatari regulator
The Chartered Institute for Securities & Investment has announced a ground-breaking project whereby it has developed an Anti-Money Laundering/Combating the…
Dubai-UK trade hit $5.8bln in 2020
Trade between Dubai and the United Kingdom (UK) reached an estimated 21.5 billion UAE dirhams ($5.8 billion) in 2020, making…
Qatar Islamic Bank, HSBC sign $100mln deal
Qatar Islamic Bank, the country’s largest sharia-compliant lender by assets, has signed an Islamic trade facility worth $100 million with…
Dubai-based insurance firm Aman confirms closure of 'unprofitable' branches
Dubai Islamic Insurance and Reinsurance Company (Aman) said Sunday it will “relentlessly” work on its new investment strategy and optimise…
Qatar's Investment Holding announces deals worth $55mln
Investment Holding Group, a family-owned company in Qatar, has announced deals worth 200 million Qatari riyals ($55 million). The…
Trade between Saudi Arabia and Qatar to resume today
Trade of goods between Saudi Arabia and Qatar has resumed through the Abu Samra border crossing Sunday, Feb. 14, Qatar’s…
Alvarez & Marsal adds senior quartet to Middle East team
Alvarez & Marsal, have strengthened its Middle East team with several senior appointments in support of expanding its performance improvement…
$50m India-focused fund to be launched by UAE financial major
Gulf Islamic Investments, the UAE-based Shari’ah-compliant financial services major, is set to announce the launch of its second India-focused fund,…
Many UAE retailers 'pushed to the brink and beyond' as virus continues to bite
Many retailers in the UAE have been pushed "to the brink and beyond" by the impact of the coronavirus pandemic,…