Aldar, FAB sign escrow agreement for Alghadeer
Abu Dhabi-based Aldar Properties signed an escrow agreement with First Abu Dhabi Bank to enable to provide services for buyers…
Regulation, Risk & Compliance
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The Higher Sharia Authority held Its second meeting
The Higher Sharia Authority for financial and banking activities in the UAE held its second meeting for the year 2018…
First Saudi Arabian-linked banks join al-Gosaibi debt settlement plan
Two Saudi Arabian-linked banks have become the first lenders with ties to the kingdom to sign a debt settlement plan…
Japan’s Mizuho pulled out of Qatar bond amid Gulf dispute
Japan’s Mizuho Securities withdrew from its role as a bookrunner for a US dollar-denominated bond issued by Qatar last week,…
UAE cbank deposits reach $15 billion in Q1
Monetary deposits at the UAE Central Bank stood at Dh55.8 billion ($15.2 billion) in the first quarter of 2018 while…
Kuwait to cement commercial relations with US
Kuwait is ready to cement commercial relations with the US, the Kuwaiti Ministry of Commerce and Industry said on Tuesday.…
Monetary Deposits With Apex Bank Stood At AED55 bn In Q1
Monetary deposits at the UAE Central Bank stood at AED55.8 billion in the first quarter of 2018 while withdrawals reached…
Dubai-based firm launches commodities-backed cryptocurrency
Freedium, a company establishing a presence at the Dubai Multi Commodities Centre (DMCC) has announced the launch of the first…
More Gulf region IPOs likely this year, says Abu Dhabi Financial Group CEO
There is a strong possibility that the Gulf region will see more IPOs this year, according to Jassim Alseddiqi, the…
Abraaj offers to resign as manager of $1bn healthcare fund – report
The firm is reorganizing its structure - with founder Arif Naqvi ceding control of the fund management business - and…
UAE banks interest rate rises with introduction of a new system
Most of the interest rates offered by UAE banks rose on Sunday as the central bank introduced a new system…
Offshore Deal Volume In 2017 Outpaces Previous Year
The number and value of offshore M&A deals rose in 2017, making it one of the busiest years recorded for…