Dubai's Shuaa completes deal to grow assets to over $1.2bn
Shuaa Capital has announced the completion of its acquisition of Integrated Securities (IS) and Integrated Capital (IC), following final approval…
Regulation, Risk & Compliance
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Abu Dhabi's Mubadala halts Abraaj investment deal talks
Abu Dhabi state investor Mubadala has halted talks to buy Abraaj's investment business, two sources said, in a blow to…
Afghanistan Approves First Full-fledged Islamic bank
Afghanistan's central bank has granted a licence to the Islamic Bank of Afghanistan, the first lender in the country to…
Bahrain participates in IMF-World Bank meetings
Finance Minister Shaikh Ahmed bin Mohammed Al Khalifa, referred to the proposed capital package for improving the World Bank Group…
Bahrain Middle East Bank partners with ICIEC
Bahrain Middle East Bank (BMB) has partnered with the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC),…
Russia-Turkey investment fund ‘to enhance bilateral ties’
The Russia-Turkey Investment Fund, set up last year by the Russian Direct Investment Fund (RDIF) and the Turkey Wealth Fund,…
DIFC’s FinTech Hive expands accelerator programme
The Dubai International Financial Centre’s FinTech hive is expanding its accelerator programme for start-ups to include insurance, Islamic finance and…
'Talks to sell 70 per cent of Kuwait's Global Investment House underway'
Negotiations are under way to sell 70 per cent of the shares of Kuwait's Global Investment House, two company officials…
Meethaq to promote global sukuk fund
Meethaq, pioneer of Islamic banking in Oman from Bank Muscat, and the Azimut Group, signed an exclusive partnership to promote…
Iran lawmakers want central banker fired amid rial chaos
Half of Iran’s lawmakers have written to President Hassan Rouhani demanding the removal of the central bank chief, accusing him…
DIFC targets new wealth products and SE Asia in global initiative
The Dubai International Financial Centre has a new strategic initiative with plans to attract more global financial services business –…
K165m budget approved for Gulf
This include airstrips and feeder roads in districts and LLGs. Gulf Governor Chris Haiveta said the budget yesterday is…