Deutsche Bank to pay $258m penalty for violating US sanctions
Deutsche Bank Created “OFAC-Safe” Payment Processing Schemes to Evade U.S. Treasury Office of Foreign Asset Control (OFAC) Sanctions Deutsche…
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Moody’s reports softening conditions for Omani banks
It is not a credit rating action, but Moody's has today changed Oman's banking system's outlook from stable to negative,…
Hsbc Bank Oman Doubles Its International Growth Fund To Omr 40 Million
HSBC Bank Oman has announced that it is doubling the size of its SME-focused International Growth Fund, initially launched last…
Lebanon launches $1.6B sovereign eurobond
Lebanon has launched a $1.6 billion sovereign eurobond, according to a statement issued by the Finance Ministry over the weekend.…
Bahrain mulls bonus clamp for corporate heads
Bonuses paid to corporate board heads and members of state-owned companies in Bahrain are to be regulated, a report said.…
Egypt bourse hit by emerging market storm, sees new IPOs in 2016
Egypt's stock exchange was hit by this year's rout in emerging markets, leading firms to postpone share offerings and liquidity…
Citibank interested in Egypt’s future bond offerings: EMEA’s CEO
Egypt sat down with the CEO of Citibank in Europe, Middle East and Africa Jim Cowles as the bank celebrated…
Gulf's private-sector growth slows as price of oil falls
The private sector in the two biggest Gulf Arab economies grew at the slowest pace in years in October, corporate…
Challenging time for IPO's in the GCC – PwC
The revival of investor sentiment and interest in Initial Public Offerings in the Gulf Cooperation Council countries experienced in 2014,…
GBI joins DE-CIX and UAE-IX Internet Exchanges
DE-CIX, the world's leading exchange operator, announces today that GBI, a service provider that owns and operates a multilayer carrier…
Al Rayan Investment is ‘Qatar Equities Manager’
Doha-based Al Rayan Investment (ARI) has won the 2015 ‘Qatar Equities Manager of the Year’ award from Global Investor/ISF. Global…
Blockchain technology can revolutionise regional finance
The next big thing that will transform the world of finance, we are told, is “Blockchain”, the digital technology behind…