Lebanon follows McKinsey advice and legalises cannabis farming
Two years after a McKinsey & Company report laid out the benefits, Lebanon has legalised cannabis farming for industrial and…
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Chady Zein re-joins Strategy& as a Senior Advisor
Eight years after leaving the strategy consulting firm, Chady Zein has re-joined Strategy& as a Senior Executive Advisor. Chady…
Largest Russian Bank to open office in Abu Dhabi
The largest commercial bank in Russia, Central and Eastern Europe is on course to opening an office in Abu Dhabi…
Northern Trust Asset Management’s Dzanis joins Investment Association Board
Marie Dzanis, Head of Europe, Middle East and Africa (EMEA) at Northern Trust Asset Management has been appointed to the…
Crypto Custody Firm Curv Nabs New Funding from Global Asset Manager
Israeli startup, Curv, which provides security infrastructure for digital assets, has secured additional funding from fintech VC Illuminate Financial Management…
The slow rise of neobanking in the Middle East
This week’s biggest financial news came from Abu Dhabi after investment firm ADQ, the holding company for some of the…
UAE's revised Bankruptcy Law extends valuable 12 months to struggling businesses
Winning an additional 12 months to pay off claims will be the biggest gain for troubled business from the UAE’s…
Getting tax submissions wrong now come with a much stiffer penalty in UAE
Each voluntary disclosure made by UAE businesses on their taxes will now cost them dearly – a federal court ruling…
QIB successfully closes $750m 5-year Sukuk
Qatar Islamic Bank, rated A1/A-/A (all stable) by Moody’s/Standard & Poor’s/Fitch, successfully closed a $750m 5-year Sukuk with a profit…
UAE to impose new rules on mandatory reserves for financial institutions – state media
The United Arab Emirates Central Bank said on Thursday that from Oct. 28, it will introduce new regulations on reserve…
UAE invests in Lulu group
ADQ, Abu Dhabi investment firm has gained the legacy license of First Gulf Bank, which lead to it working on…
Turkish-German mobile bank Insha raises €2.5 million
Islamic digital bank Insha has secured €2.5 million in seed funding from Turkish payments provider Param, as it embarks on…