Oman picks FAB and Bank Muscat to arrange $2bln loan – sources
The government of Oman has picked First Abu Dhabi Bank and Bank Muscat to coordinate a $2 billion bridge loan…
Regulation, Risk & Compliance
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Lebanon central bank governor inflated assets as liabilities grew, says audit
Lebanon’s central bank governor inflated the institution’s assets by over $6bn in 2018, its audited annual accounts show, underlining the…
Dubai-China FinTech agreement brings new opportunities for DIFC
Dubai International Financial Centre has signed a Memorandum of Understanding with Jiaozi Fintech Dreamworks, one of China’s first Fintech innovation…
Regulations in digital assets bring more confidence to investors in Gulf countries
When it comes to digital asset regulations, Abu Dhabi Global Market (ADGM) and Central Bank of Bahrain are the forerunners…
SICO to offer sukuk-based Murabaha service
SICO, a leading regional asset manager, broker, market maker and investment bank, announced today that it has signed an agreement…
Emirates NBD completes customer migration to Smart Pass
Emirates NBD among first in the region to implement global best practice Emirates NBD has completed successful migration of its…
Swiss Banks Accused in Kuwaiti Pension Scandal
Four Swiss wealth managers are in the crosshairs in a messy U.K. lawsuit involving the former head of Kuwait's social…
Abu Dhabi's NMC Health seeks another $250m in bank funds
Abu Dhabi-based NMC Health’s immediate future now hinges on whether it can raise a further $250 million in debt. …
S&P: Firms to delay investments
Gulf companies exposed to the the coronavirus disease (COVID-19) and weak oil prices may delay investments and keep costs down,…
Al Salam Bank becomes first bank in Bahrain to complete customer handover of Deerat al Oyoun Villa under Mazaya Scheme
Customers will pay the first installment in January 2021 and benefit from a competitive annual profit rate of 4%. Customers…
Region's first: Dubai's DIFC-based GRIP to raise $10mln via digital securities
Dubai's DIFC-based investment banking and wealth management firm, will commence raising $10 million for a Japanese client on July 27,…
Lebanon hires US firm for central bank probe
The Lebanese government has hired Alvarez & Marsal, a New York-based professional services firm, to carry out a forensic audit…