Lawyers' Lack of Authority Could Prove Costly
A recent judgment of the Dubai Court of Cassation partially nullifying an arbitral award is likely to have important implications…
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AlAhli Takaful appoints new chairman
AlAhli Takaful Company has appointed Omar Mohammed Hashem as the company’s Chairman, effective from 8 June 2020. The move…
Dubai Meraas merger ‘will advance growth’
One of the UAE’s best-known master developers, Meraas, is to be folded into the government-owned conglomerate Dubai Holding, the emirate’s…
Alliance Global assists in breakthrough in fight against COVID-19 in Lebanon
AGBL Levant installed and provided training for the MIC qPCR instrument in Tebnin Governmental Hospital, Lebanon. Despite the quarantine regime…
BankDhofar shareholders ratify OMR1 million CSR donation for COVID-19
The Board of Directors of BankDhofar conducted the Extraordinary & Annual General Meetings (EGM & AGM) recently. The shareholders…
Majority of UAE banks plan to enable open banking in one year
Eighty-eight percent of finance institutions in the UAE plan to enable open banking in the next 12 months, a survey…
Bahrain unveiled major digital banking projects
The implementation of the electronic cheques project and tokenisation of debit cards to expand the use of contactless transactions are…
GFH Group completes $500mln sukuk issuance
GFH Financial Group - listed on Dubai Financial Market - announced that it has completed the issuance of US$500 million…
Egypt launches platform for international partnerships to support economy amid COVID-19 crisis
Egypt’s Minister of International Cooperation Rania Al-Mashat has revealed that the ministry has launched a platform for partnership with international…
Dubai Islamic Bank successfully closes $1 billion sukuk
Dubai Islamic Bank closed a $1 billion long 5-year sukuk with a profit rate of 2.95 per cent per annum,…
Abu Dhabi's Al Hilal Bank sells its Islamic insurance subsidiary
Al Hilal Bank, a wholly-owned subsidiary of Abu Dhabi Commercial Bank (ADCB), has completed the sale of Al Hilal Takaful,…
Nemir Kirdar, father of private equity globally, dies at 83
Nemir Kirdar, one of the Middle East’s most prominent investors who founded and ran Bahrain’s alternative asset manager Investcorp for…