Omani central bank announces new reserve buffers, may force capital increases
Jan 6 The Central Bank of Oman has published rules for countercyclical buffers, a move aimed at protecting against the…
Hedge Funds & Alternative Investments
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Pressure Grows on Saudi Arabia to Ditch Dollar Peg
The prolonged rout in oil has left Saudi Arabia’s long-standing peg of its currency to the dollar at its most…
Oman's Bank Dhofar closes $250 mln three-year loan – sources
Oman's Bank Dhofar has raised a $250 million three-year loan to be used for general funding, sources aware of the…
Burgan Bank debuts US$350mn club facility
Kuwait’s Burgan Bank has signed an inaugural US$350mn, two-year club facility with a group of local and international relationship banks.…
Boris Johnson urged to disinvest from bank linked to Saudi regime
The mayor of London, Boris Johnson, has been pressed not to put profit before principle after it was revealed that…
GCC investors considering Poland's Lucrative Residential Property Sector
Poland is witnessing growing interest from Middle Eastern buyers to invest in its key residential property market amidst a surging…
All eyes turn to Abu Dhabi Global Market as it selects first members
The new year is set to be a crucial time for Abu Dhabi Global Market, the UAE’s new financial free…
Troubled Malaysian fund 1MDB in $1.7bn property sale
Malaysia’s scandal-hit 1Malaysia Development Berhad state investment fund is to sell out of a high-profile property project for $1.7bn, as…
KIPCO Group purchases JKB stake from Burgan Bank
KIPCO - the Kuwait Projects Company - has announced the purchase by the Group of a 51 per cent stake…
UAE to set up Chinese yuan clearing centre
The United Arab Emirates plans to establish a centre for clearing transactions in the yuan, the central bank said on…
Dubai FDI bids to draw investors from Italy, Japan
A delegation from the Dubai Investment Development Agency, or Dubai FDI, recently visited Italy and Japan to address investors and…
Dubai gold retailer speaks out over fraud investigation
A Dubai-based gold company has issued a statement to investors attempting to offer clarity over an alleged fraud thought to…