Dubai watchdog fines two firms and three directors
The Dubai Financial Services Authority has given penalties to two investment firms and three individuals for failing to comply with…
Hedge Funds & Alternative Investments
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Société Générale joins EBRD in financing Izmir metro
Turkey’s third-largest city raises funds for key infrastructure despite coronavirus pandemic Société Générale’s €25 million loan comes under EBRD’s A/B…
UAE banks disclose Dh412 million exposure to Phoenix and associate firms
First Abu Dhabi Bank, on Wednesday disclosed to the Abu Dhabi Stock Exchange (ADX) that it has about Dh269 million…
JPMorgan sees more Gulf companies linking up but no liquidity crunch
JPMorgan expects more consolidation among Gulf companies this year in sectors such as banking, real estate and hospitality, but it…
The PraxisIFM Group has announced a number of senior appointments in the Middle East.
As the ADGM’s first licensed and regulated trust company, PraxisIFM provides a wide range of tailored services to private individuals,…
Dubai does mortgages the 'e' way
Registering the mortgage too has gone the digital way in Dubai. It’s now Dubai Land Department that’s helping property…
Lothian Pension Fund urged to divest from Bank Hapoalim
The Lothian Pension Fund (LPF) has been urged to divest from Bank Hapoalim after its recent inclusion on the UN…
Pandemic shock leads to ‘overhaul’ of Saudi finances
The full scale of the economic shock from the coronavirus pandemic has been revealed in radical measures taken by Saudi…
Bin Aweidha confirms to Banking Day that World Investments plans to go ahead with Xinja funding
A prominent Dubai-based lawyer has a good rule of thumb for gauging the importance of myriad minor royals in the…
Abu Dhabi's Mubadala hires banks for bond issues – sources
Abu Dhabi’s state fund Mubadala has hired banks for a potential three-tranche bond issue consisting of six-year and 10-year conventional…
Saudi Arabia slashes fuel prices in the kingdom
Saudi Arabia has slashed fuel prices in the Kingdom by almost 50 per cent starting Monday (May 11), according to…
Mubadala begins marketing three-tranche dollar bonds – document
Abu Dhabi’s state fund Mubadala began marketing on Tuesday a three-tranche dollar bond offering consisting of six-year and 10-year conventional…