AlixPartners to oversee AGHF's separation from Abraaj Group
Gobal consulting firm AlixPartners said it has been appointed by investors of the Abraaj Growth Markets Health Fund (AGHF) to…
Regulation, Risk & Compliance
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Islami Bank plans to open representative office in Dubai
Islami Bank Bangladesh has recently sought regulatory approval to set up a representative office in Dubai to facilitate trade and…
GCC trio in talks to drive regional fintech industry
Saudi Arabia is reportedly in talks with UAE and Bahrain to establish a coordinated approach to the regulation and nurturing…
Push to set up banking arbitration
Bahrain Association of Banks (BAB) held a meeting with the Justice, Islamic Affairs and Endowments Ministry to review its project…
Shuaa Capital seeks licence to manage IPOs
Investment bank Shuaa Capital on Sunday called a shareholders' meeting to seek approval for share buyback and also to initiate…
Kuwait’s Warba Bank receives licence to conduct securities activities
Kuwait-based Warba Bank announced that it has obtained licence from the Capital Market Authority (CMA) to engage in certain securities…
Burgan Bank’s operations in Turkey fully hedged against lira fluctuations
Burgan Bank Group commented yesterday, in light of the current situation in Turkey, that Burgan Bank A S – Turkey…
These UAE private sector workers will get a six-day holiday
Expecting a low turnout of employees as well continuity of operations, some companies in the UAE have switched Eid Al…
DFSA applies limits on Abraaj Capital’s activities in DIFC
Abraaj Capital Limited (ACL), the only company belonging to the beleaguered Abraaj Group, regulated by the Dubai Financial Services Authority…
Saudi banks see no significant impact from lira depreciation
There has been no significant impact from the depreciation of the Turkish lira on the results and quality of Saudi…
National Bank of Bahrain in talks to increase its stake in BIB
National Bank of Bahrain is in talks to buy Islamic Development Bank’s entire stake in the Sharia-compliant Bahrain Islamic Bank…
Qatar to invest $15b in Turkey's financial markets and banks
Qatar pledged $15 billion of investment in Turkey that will be channeled into Turkish financial markets and banks, a government…