Burgan Bank successfully completes capital increase
Burgan Bank , Kuwait's second largest commercial bank by assets, announced today the successful completion of its capital increase through…
Trading, Broking & Stock Exchanges
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Emirates NBD extends DirectRemit 60 seconds money transfer service to the Philippines
Emirates NBD, a leading bank in the region, today announced that it has extended its DirectRemit 60 seconds money transfer…
Middle East will be the next frontier of 5.3 trillion dollar daily global forex market
The Middle East is expected to be a major centre of 5.3 trillion dollar daily global forex market growing at…
UAE May Create Body To Monitor FX Peg, No Policy Change Likely
An advisory body to the United Arab Emirates government has suggested that the central bank review the country’s currency peg…
Investment Bank EFG-Hermes Sees Expansion of Dubai IPOs
EFG-Hermes Holding SAE, the largest independent Arab investment bank, said it’s working on several mandates for initial public offerings in…
GFH planning to increase bank stake
Bahrain's Gulf Finance House plans to increase its stake in Khaleeji Commercial Bank to gain majority ownership, its chairman was…
UAE banking system outlook stable: Moody’s
The outlook for the UAE banking system remains stable, unchanged from 2013, Moody’s Investors Service said in its latest report.…
Baker & McKenzie Advises Yasar Holding on Bond Offering
A team of lawyers from Esin Attorney Partnership, a member firm of Baker & McKenzie International, and Baker & McKenzie's…
Why PE's back in vogue in the Middle East
The Middle East’s private equity market is trying to put its Wild West days behind it, drawing big international players…
Korea Exchange, Dubai Mercantile Exchange (DME) announce cooperation
Korea Exchange (KRX) and the DME have signed a Memorandum of Understanding (MoU) to strengthen their cooperation in promoting the…
Ajman Bank adopts SmartStream’s Corona
Ajman Bank adopts SmartStream’s Corona. Headquartered in the UAE Emirate of Ajman, the bank is a leading provider of…
Kuwait's appeals court cuts insider trading fine against Al Ahli Bank chairman
Kuwait's Court of Appeal has reduced a fine against the chairman of Al Ahli Bank on alleged insider trading charges…