Abu Dhabi’s FAB surges as it seeks more foreign investment
First Abu Dhabi Bank (FAB) PJSC jumped on optimism the lender will follow regional peers and raise the foreign-ownership limit…
Regulation, Risk & Compliance
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Saudi Arabia’s $10bn privatization push gears up
Saudi Arabia’s privatization push is set to shift gear this year with plans to raise as much as $10 billion…
Kuwait – Privatization is another means to bridge deficit
In the last four years, Kuwait has been incurring deficit in its annual budget. The coming year, the government will…
ADX signs MoU with Securities Depository Center Company in Saudi Arabia
Abu Dhabi Securities Exchange recently signed a Memorandum of Understanding with the Securities Depository Centre Company, which is wholly-owned by…
Gulf Bank Shareholder Aims to Build $880 Million Stake in Lender
Gulf Bank’s second-biggest shareholder agreed to more than double its stake in the Kuwaiti lender as it seeks to build…
Central bankers’ hunger for gold could signal price turnaround
Slowing global growth, a weaker US dollar and a drive by central banks to expand the amount of gold they…
Dubai regulator suspends wealth management firm's licence
The Dubai Financial Services Authority has announced the suspension of the licence of Morgan Gatsby Limited for a period of…
Investment Outlook 2019 Report: Economic trends and corporate transactions in the GCC
The macroeconomic picture has improved significantly across the GCC over the last 12 months. Increased oil production and the…
Saudi government reserve drops by near $23bln in Q4 – official figures
Saudi Arabian Monetary Authority’s government reserve dropped by 84.2 billion Saudi riyals ($22.7 billion) in the fourth quarter of 2018,…
12 fined Dhs1.96 million over bank scam
Twelve men who ganged up to siphon Dhs175, 000 from a policeman’s joint bank account have been jailed for 174…
Saudi prince’s anti-corruption sweep ends with $106B netted
Saudi Arabia’s unprecedented anti-corruption sweep that saw top princes, businessmen, military officers and officials detained at the Ritz-Carlton hotel has…
Dubai regulator secures $52,500 fine through British courts
The Dubai Financial Services Authority has successfully pursued Andrew Grimes, formerly of Clements Dubai Limited, through the UK courts for…