CBUAE includes the UAE Dirham as the first settlement currency in "Buna" platform
The Central Bank of the UAE has signed an agreement with the Arab Monetary Fund to include the UAE Dirham…
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Investcorp swings to full-year loss amid pandemic but eyes $50bn in assets
Investcorp, the Bahrain-based alternative investment management firm, swung to a net loss in its 2020 fiscal year as fee income…
R.J. O'Brien acquires Global Interdealer Broker Lombard Forte Securities
R.J. O'Brien & Associates has announced that its affiliate RJO MENA has just acquired Lombard Forte Securities Limited. Terms of…
Qatar- Commercial Bank wins Banker award for 'Innovation in Digital Banking'
Commercial Bank has been awarded The Banker Award for "Innovation in Digital Banking" in the Middle East 2020 in recognition…
United Arab Emirates: Economic substance considerations for reporting purposes
The economic substance (ES) regulations in the United Arab Emirates (UAE) require that “licensees” (e.g., resident entities licensed to carry…
Bahrain’s banks must help finance economic recovery
Banks in Bahrain must play a major role in helping the national economy recover from the global Coronavirus (COVID-19) outbreak…
Moody's – Decline in sukuk issuance to be limited by GCC financing needs
Moody's expects sukuk issuance to modestly decline by 5% this year to about $170 billion on the coronavirus crisis Gulf…
Citigroup promotes Singapore retail bank head to oversee private client business in Asia, Europe
Citigroup said on Wednesday it had promoted the head of its wealth and retail banking business in Singapore to a…
Digital Media Company BMG Releases Business Chief EMEA August ’20
[BizClik Media Group (BMG)], announced today the release of Business Chief EMEA August 2020 edition. This month’s cover features…
Trusts and Shari’a compliance
Over the next 10 years, more than $15 trillion is expected to be passed down to the younger generation. Succession…
How To Understand The Family Offices Of The GCC
It is a universally acknowledged truth that no two family offices are the same, varying as they do by factors…
Ford announces Jim Hackett to retire as President and CEO
Jim Hackett, who has led Ford Motor Company’s transformation since 2017 as president and CEO, has elected to retire from…