Man Group closes Dubai office, to serve Middle East from UK
Man Group, the world's biggest listed hedge fund, plans to close its office in the Dubai International Financial Centre and…
Regulation, Risk & Compliance
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Banking giant HSBC strikes deal to sell its Lebanon business to Middle East lender Blom Bank
Banking giant HSBC has struck a deal to sell its Lebanon business to Middle East lender Blom Bank. The…
Federal Bank to expand overseas footprints
Federal Bank, a leading Indian private sector banks, opened its second UAE representative office in Dubai as part of a…
Iran official sees no long-term negative impact from Trump election
Iran expects no longer-term negative effects from the election of Donald Trump as new US president, despite the anti-Iranian stance…
Bahrain central bank says no current plans to issue bonds
Bahrain's central bank said on Thursday that it has no current plans to issue either conventional or Islamic bonds. …
Saudi Oger said near $1.1b deal to sell Arab Bank stake
Saudi Oger Ltd reached a preliminary agreement to sell its 20 per cent stake in Jordan’s Arab Bank Plc to…
Saudi central bank OK with foreign reserves level
Saudi Arabia has a “very comfortable” level of foreign reserves, the central bank chairman said Monday, in spite of a…
Saudi Arabia is wrestling down money rates, central bank says
Saudi Arabia's central bank is succeeding in wrestling down market interest rates and expects to see further declines as it…
Qatar's Doha Bank picks banks for conventional bond issue -sources
Doha Bank, Qatar's fifth largest lender by assets, has picked banks for a conventional bond issue, banking sources said on…
Industrial and Commercial Bank of China /ICBC/ celebrates listing of a 400 million USD bond on Nasdaq Dubai
Wang Hongbo, Executive Vice President of China Foreign Exchange Trade System, rang the market opening bell on 13 Nov 2016…
Saudi central bank: hopes money rates to keep falling, not worried by U.S.
The Saudi Arabian central bank hopes interbank money rates SAIBOR= continue to fall, central bank governor Ahmed al-Kholifey told a…
Saudi 'comfortable' with foreign reserves level: central ban
Saudi Arabia has a "very comfortable" level of foreign reserves, the central bank chairman said on Monday, despite a drawdown…