Uncategorized Archives - Page 1646 of 3971 - Managers of Wealth Middle East

Al Salam Bank-Bahrain and MSA Capital (China) to launch $50 million MEC ventures positioning Bahrain as MENA's gateway to the digital Silk Road

November 20, 2019

Al Salam Bank-Bahrain has partnered with China-based MSA Capital to launch Al Salam-MSA Bahrain Fund I, I.L.P., a US$50 million…

Legal

German police raid suspected hawala banking ring

November 20, 2019

German authorities have carried out a raid on an organized international network suspected of illegally transferring millions of euros to…

Insurance

UAE Insurance Authority releases new rules on life cover

November 19, 2019

The UAE Insurance Authority has rolled out new regulations regarding life insurance and family takaful, following an almost three-year consultation…

Hedge Funds & Alternative Investments

Moroccan sovereign fund aims to double investments to $6bn in 5 years

November 19, 2019

Ithmar Capital, Morocco's sovereign wealth fund, hopes to double its investments to $6 billion (Dh22bn) within the next five years…

Comment & Analysis

Expats working in Kuwait's public sector down to 123,000

November 19, 2019

The overall number of foreigners working for government bodies in Kuwait has dropped from 127,000 to 123,00 this year according…

Hedge Funds & Alternative Investments

InCred Capital acquires L&T Capital Dubai, to foray into global wealth management business

November 19, 2019

Mumbai-based InCred Capital, a non-banking financial company on Monday said that it has acquired the Dubai arm of L&T Capital’s…

Islamic Finance

Islamic finance becoming a global force, says report

November 19, 2019

With global assets of currently more than $2.4tn and a forecast of 7.7% compounded growth per year to reach $3.8tn…

Executive Moves

Deutsche Securities Saudi Arabia appoints Bassel Zaouk as Chief Executive Officer

November 19, 2019

Deutsche Securities Saudi Arabia had announced the appointment of Bassel Zaouk as Chief Executive Officer. As CEO of DSSA,…

Hedge Funds & Alternative Investments

UAE’s banking sector welcomes new insolvency law

November 19, 2019

The UAE’s banking sector expects the new insolvency law for individuals approved by the UAE Cabinet on Sunday will benefit…

Property & Real Estate

DLD highlights 'Joint Ownership Properties in Dubai' and 'Mollak System'

November 19, 2019

Dubai Land Department held a press conference highlighting the ‘Joint Real Estate Ownership Law in Dubai.’ Participants reviewed the…

Financial Results

Noor Bank raises AED646 million for Rasmala long income fund

November 19, 2019

Noor Bank has raised AED646 million for the Rasmala Long Income Fund (“the Fund”), the first Islamic finance instrument to…

Awards and Recognition

Dubai Islamic Bank Successfully Closes Landmark USD 750 Million Sukuk

November 19, 2019

Dubai Islamic Bank PJSC rated A3 by Moody's and A by Fitch (both stable), successfully closed a USD 750 million…

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