UK real estate group Montague names Mideast head
UK boutique luxury real estate firm and private office Montague Real Estate has announced the appointment of Luke Banks, formerly…
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UAE-Based Fund Invests In Israeli Fintech Startup Salaryo
Israeli fintech firm Salaryo, a platform that provides freelancers and small businesses with access to instant, flexible and affordable financing,…
Hapoalim expects UAE bank ties to follow accord
Israel’s largest lender, Bank Hapoalim, expects to start working with banks in the UAE once the two Middle East states…
Saudi finance minister rejects IMF prediction of economic gloom
International Monetary Fund experts are wrong and the Saudi economy will do better this year than the IMF’s pessimistic forecast…
Bahrain sells $2 billion in sukuk and bonds
Bahrain sold $2 billion in its second bond offering of the year on Wednesday, a dual-tranche issuance comprising seven-year sukuk,…
UAE firms can now obtain bank loans against moveable assets as collateral
Companies in the UAE, especially small and medium businesses, can now secure bank loans by using their moveable properties as…
The International Islamic Trade Finance Corporation and Mizuho Bank Malaysia Sign US$100 million Trade Financing Deal
The International Islamic Trade Finance Corporation signed a US$100 million Murabaha-structured line of trade finance with Mizuho Bank in Malaysia,…
Saudi Arabia squeezes Aramco as low oil prices roil state budget
The world’s biggest oil company is getting squeezed by its main shareholder, the Saudi Arabian government. Even with crude…
Lebanon starts central bank audit in effort to exit financial crisis
Lebanon has started a forensic audit of the central bank, the Finance Ministry said yesterday, one of the steps donors…
UAE and Pakistani finance authorities join hands to combat money laundering
The Financial Intelligence Unit of the UAE has signed an agreement with the Financial Monitoring Unit of Pakistan to combat…
Methaq Takaful declines taking measures to acquire Eshraq Investments
Methaq Takaful Insurance Company reiterated that its board has not issued any approval on the acquisition of Eshraq Investments and…
UAE firms can now obtain bank loans against moveable assets as collateral
Companies in the UAE, especially small and medium businesses, can now secure bank loans by using their moveable properties as…