Bahrain's Sukuk Al Ijara oversubscribed
The Central Bank of Bahrain (CBB) has announced that the monthly issue of the short-term Islamic leasing bonds, Sukuk Al…
Hedge Funds & Alternative Investments
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Turkey’s tumbling lira tests Erdogan’s rate resolve
Turkish central bank head Murat Uysal has stuck to the rate-cutting script since President Recep Tayyip Erdogan hired him to…
Insurance, industrials, banking shares help QSE top 9,400 level
Higher-than-average demand at the insurance, industrials and banking counters on Thursday lifted the Qatar Stock Exchange as much as 90…
Investcorp swings to full-year loss amid pandemic but eyes $50bn in assets
Investcorp, the Bahrain-based alternative investment management firm, swung to a net loss in its 2020 fiscal year as fee income…
R.J. O'Brien acquires Global Interdealer Broker Lombard Forte Securities
R.J. O'Brien & Associates has announced that its affiliate RJO MENA has just acquired Lombard Forte Securities Limited. Terms of…
United Arab Emirates: Economic substance considerations for reporting purposes
The economic substance (ES) regulations in the United Arab Emirates (UAE) require that “licensees” (e.g., resident entities licensed to carry…
Ford announces Jim Hackett to retire as President and CEO
Jim Hackett, who has led Ford Motor Company’s transformation since 2017 as president and CEO, has elected to retire from…
Saudi SAMBA posts 2.1% rise in Q2 profit on debt gains, fee income
Saudi lender Samba Financial Group posted a 2.1% rise in quarterly profit, helped by fair-value gains on debt and higher…
Waha Capital lowers net losses in H1-20
The financial results of Waha Capital showed net losses of AED 27.21 million in the first half (H1) of 2020,…
Emirates REIT hires Houlihan Lokey for strategic review
Emirates REIT, a Dubai-based sharia-compliant real estate investment trust, said on Monday it had appointed Houlihan Lokey to advise its…
It’s always about the oil in the Middle East
Despite US President Donald Trump’s claim that the United States no longer needed Middle East oil following the attacks on…
Lebanon's banking, economic and political systems were already under threat before the explosion. Here's why
The massive blast that hit Lebanon's capital on Tuesday has delivered yet another devastating blow to a country already rocked…