ICD and Afreximbank agree to cooperate in private sector development
The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank…
Hedge Funds & Alternative Investments
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Cedrus expands to retail banking
Cedrus Bank announced Tuesday that it will raise its equity to $60 million after Cedrus Invest Bank completed the acquisition…
Groundbreaking discussion at the closure of the Global Islamic Investment Gateway
The Global Islamic Investment Gateway (GIIG) forum, held in the Kingdom of Bahrain, concluded today after 2 days of hosting…
Norton Rose Fulbright advises HSBC, Mashreqbank and Arab Banking Corporation in relation to a US$340 million term and revolving facilities for Bahrain Steel
Global legal practice Norton Rose Fulbright has advised HSBC Middle East Limited, Mashreqbank PSC and Arab Banking Corporation as joint…
Turkey Finans Katilim Bankasi A.S. receives a License from the Central Bank of Bahrain
The Central Bank of Bahrain ("CBB") has granted a license to Turkey Finans Katilim Bankasi A.S., to open a branch…
National Bank of Fujairah’s trading to be suspended on March 18
Dubai Trading in shares of National Bank of Fujairah will remain suspended on March 18, the Abu Dhabi Securities Exchange…
Bahrain transforming into global investment portfolios management hub
Bahrain has always been, throughout history, a profound and evolving gateway, the Minister of Finance said in a keynote speech…
Kaloti opens Suriname’s first gold refinery
The recently operational gold refinery, a first of its kind in Suriname, is part of a joint venture between Kaloti,…
Mannai working on two foreign acquisitions
Qatari investment firm Mannai Corporation is working on two acquisitions as part of a drive to expand the proportion of…
Awad Advisory announces move to DIFC and rebranding as Awad Capital
Awad Advisory has announced that it has received final approval from the Dubai Financial Services Authority to operate a category…
The 2015 AIMA Middle East Hedge Fund Summit to Convene Key Regional Investors with Global Industry Leaders
The Dubai International Financial Centre will be the sponsoring host of the global financial industry on March 31st, 2015 when…
Dubai IPO Flops No Deterrent as Daman Plans Sale in Weeks
Daman Investments PSC, a Dubai-based fund manager, plans an initial public offering within weeks even after recent sales in the…