ADIA eyes Asia, China opportunities with new Hong Kong office
Abu Dhabi Investment Authority has opened an office in Hong Kong with a view to identifying new opportunities in China…
Regulation, Risk & Compliance
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Kuwait's Gulf Bank seeking regulatory approval for CEO appointment
Kuwait's Gulf Bank is awaiting approval from the central bank to appoint Antoine Jean Daher as chief executive, its said…
Dubai bankruptcy law offers protection to western bosses
The United Arab Emirates has passed a bankruptcy law to try to prevent a repeat of scenes from the financial…
Dubai's Pacific Controls in talks to sell data centre to Etisalat
Dubai technology company Pacific Controls, which is seeking one of the biggest debt restructuring deals in the Gulf since the…
World Bank reports global record of business reforms
The World Bank reported that 137 out of 190 economies surveyed carried out some type of reform to improve business…
Saudi central bank asks banks to reschedule property loans
Saudi Arabia’s central bank said on Tuesday it had asked local banks to reschedule the property loans of citizens whose…
Negotiations on for Bank Alkhair's acquisition: GFH
Gulf Finance House said on Monday the negotiations are underway for acquisition of Bank Alkhair of Bahrain. The due…
UAE's RAKBANK and Network International Sign MOU to support merchants
RAKBANK announced the signing of a Memorandum of Understanding with Network International, the leading payment solutions provider in the Middle…
GCC liquidity crunch to perpetuate subdued growth – CFA member societies survey lists challenges to GCC economies
Tightening liquidity will continue to pose imminent challenges to GCC economies according to the latest CFA member societies survey, which…
Clinton Foundation Move Of $1.8 Billion To Qatar Is A Fake Story From Conspiracy Site
There have been many allegations surrounding the Clinton Foundation now that Hillary Clinton is the 2016 Democratic presidential candidate. …
Beltone Financial says still has chance to seal CI Capital deal
Egypt's Beltone Financial is still interested in acquiring local investment bank CI Capital and will revive the deal to create…
Dubai-based Adeptio committed to takeover offer for Kuwait Food Co shares
Gulf investment group Adeptio plans to undertake a mandatory takeover offer of shares in Kuwait Food Co, it said in…