Kuwait Central Bank: No Restrictions On Foreign Derivatives Trading
Kuwaiti banks must comply with regulatory guidelines when trading derivatives but are not otherwise restricted from doing so, the central…
Trading, Broking & Stock Exchanges
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Digital revolution changes the scope of banking sector
Digital revolution sweeping through the financial services industry is rapidly changing the way the banking industry is interacting with custormes…
Bahrain’s Arcapita Raises $100 Million After Exiting Chapter 11
Bahrain’s Arcapita Bank BSC has raised $100 million from shareholders to fund a return to dealmaking a year after it…
After a Successful Launch, Dubai Based Fortress Prime Aims at FCA Regulation
After quietly launching in September, Middle Eastern prime brokerage Fortress Prime is announcing that it is aiming to get regulated…
Risk Appetite Lifts as Growth Expectations Pick Up – BofA Merrill Lynch
Global investors have a restored appetite for risk amid greater optimism over the outlook for profits and the economy, according…
Bahraini fund Mumtalakat launches $600 mln seven-year sukuk
Bahrain sovereign fund Mumtalakat has launched a $600 million seven-year sukuk at the tight end of its previously-marketed price range,…
QNB Group wins two prestigious awards from Global Investor Magazine
QNB , "One of the World's Strongest Banks", has secured two prestigious recognitions at The Global Investor/ISF Middle East…
Kingdom gets recognition as one of most developed Islamic markets
Acknowledged as one of the most developed Islamic markets, Saudi Arabia is a destination that should not be overlooked, according…
Convergence between Shari’a and traditional accounting standards?
The Bahrain-based Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) is reportedly working with the International Accounting Standards Board…
Lack of monetary flexibility hurts Mena financial markets
Across the Middle East and North Africa (Mena) region debt capital markets lag behind bank financing and equity markets as…
Baker & McKenzie Habib Al Mulla advises Hasan Ismaik on sale of significant stake in Arabtec to Aabar Investments PJSC
Leading UAE law firm Baker & McKenzie Habib Al Mulla has advised Hasan Ismaik, the former CEO of the Dubai-based…
ADCB appoints new Chief Economist
Dr. Malik brings over 15 years of experience as an economist in the MENA region. She joins from EFG-Hermes where…