Russian Sovereign Wealth Fund Attracts Saudi Partner to Its Fund With China
Russian sovereign wealth fund RDIF said on Thursday that its Saudi counterpart would become a new partner in the joint…
Regulation, Risk & Compliance
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New UAE law to raise Central Bank's capital
The law – federal law No. 14 of 2018 – raises the CBUAE’s capital to AED 20 billion and sets…
Ahli United Bank and KFH say merger talks 'still ongoing'
Ahli United Bank, the Bahraini lender, and Kuwait Finance House are still in discussions for a potential merger, which would…
What corporations should know about operating in Abu Dhabi
But cities continue to try to create jobs and wealth, and some like Abu Dhabi seem to be doing something…
SC seeks details of 20 individuals with properties in UAE
The Supreme Court on Thursday summoned 20 people – who reside in Pakistan but own properties in the United Arab…
Dubai firm owner tries to swindle Dh5m from business partner
A firm owner allegedly tried to swindle Dh5 million from his buisness partner, a Dubai court has heard. The…
Saudi Arabia will not penalize banks that boycotted conference: central bank chief
Saudi Arabia’s central bank governor said the kingdom will not penalise foreign banks that boycotted an investment conference in Riyadh…
Intesa Sanpaolo Private Bank secures Bahrain rep office licence
Bahrain's central bank said on Tuesday it has approved a representative office licence for Bank of Intesa Sanpaolo Private Bank.…
Turkey: Central bank to hold rates – ABN AMRO
Nora Neuteboom, Economist at ABN AMRO, explains that Turkey’s recently released data, such as the PMI, consumer confidence and industrial…
Mohammed bin Rashid Fund and RAKBANK reaffirm partnership
Bank also opens its first Emirati Business Centre at Al Quoz Branch The Mohammed Bin Rashid Fund of Dubai…
Oman mandates banks for 7-year dollar sukuk sale
The government of Oman has hired banks to arrange a global investor call ahead of a planned sale of dollar-denominated…
Dubai's Tabarak Investment Capital signs commodity trading agreement
Dubai-based investment bank Tabarak Investment Capital has signed an agreement with Elite Petro & Gas, a company owned by Kuwaiti…