Trump: Israeli pacts with 2 Arab states signal 'new' Mideast
Israel on Tuesday signed historic diplomatic pacts with two Gulf Arab states at a White House ceremony that President Donald…
Regulation, Risk & Compliance
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Japan's Nomura cuts investment banking jobs in Dubai
Nomura Holdings has cut about a half dozen investment banking jobs in Dubai, as Japan’s biggest brokerage shrinks its Middle…
Bank of Bahrain and Kuwait to take over Ithmaar Bank’s Bahrain operations
The Bank of Bahrain and Kuwait, one of the biggest commercial banks in Bahrain, and Ithmaar Holding have agreed on…
Tanzania eyes Qatari investments in its ICT, energy, other sectors, says envoy
The United Republic of Tanzania is seeking Qatari investments in various sectors following a ‘massive reform’ to transform the East…
Russia's Sberbank to target Middle East investors with UAE subsidiary
Russia's largest lender Sberbank SBER.MM has received approval in principle to open an office in the United Arab Emirates to…
UAE-Israel trade and investment prospects ‘exciting’ for both nations, Economy Minister says
The UAE and Israel’s bilateral trade and investment prospects are a “dividend of peace” and increased commerce between the region’s…
UAE, Bahrain eye manifold benefits from Israel ties normalization
The pragmatic nature of the commercial relationship between the UAE and the Jewish business community is well illustrated by a…
Emirates Islamic Bank hires banks for 5-year dollar sukuk – document
Emirates Islamic Bank has hired banks to arrange the issuance of U.S. dollar-denominated five-year sukuk, or Islamic bonds, a document…
Head of Israel's biggest bank expects deals soon with UAE
Israel’s biggest bank expects to strike deals soon with major lenders in the United Arab Emirates for the first time,…
Arab central banks, monetary institutions to discuss implications of COVID-19
Governors of central banks in the Middle East will meet, along with Arab Monetary Institutions, on Sunday, to discuss the…
DIFC and Dubai Future Foundation collaborate to make the Emirate a Leading City of the Future
New Memorandum of Understanding (MoU) signed to drive the future of finance in the region Agreement will see the counterparts…
Saudi Arabia: New rules to help regulate money exchange business
The Saudi Monetary Authority has issued new rules regulating the money exchange business in the kingdom, to combat money laundering…