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…
Regulation, Risk & Compliance
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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…
Region’s first global digital security capital raise from the DIFC
Dubai International Financial Centre, the leading global financial centre in the Middle East, Africa and South Asia region has announced…
Qatar's capital market should encourage more primary issuances
A strategic document envisioned for broadening Qatar’s capital market has listed out a wide range of recommendations, including developing a…
First Abu Dhabi Bank wins global tender to be Etihad partner
First Abu Dhabi Bank will be the card payment processing partner of Etihad Aviation Group, on both online and in-store…
Saudi Arabia clarifies on income tax after finance minister's comment
Saudi Arabia has clarified that introducing an income tax is not under discussion. And that the subject has not been…