IILM reissues $600mln sukuk; GCC banks act as primary dealers
Malaysia-based International Islamic Liquidity Management Corporation has reissued A-1 short term sukuk worth $600 million in two series with 1-month…
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A firm too good to be true
The private equity investment model involves buying and restructuring companies that are not publicly traded, then reselling them for a…
BisB Appoints Khaled Waheeb Alnaser as Chief Internal Audit
Bahrain Islamic Bank has recently appointed Khaled Waheeb Alnaser as Chief Internal Audit. Prior to joining BisB, Khalid worked at…
UAE has 'no income tax plans' says senior government official
The UAE has no plans to introduce income tax and will not hike VAT in the next three years, a…
Why Luxury Property is Safe Haven for Ultra Wealthy Family Office Investors
Family office principals are looking to invest in modern discreet and well connected luxury residential properties around the world for…
PropTech Middle East concludes successfully
The 2nd Annual PropTech Middle East, held under the patronage of the Dubai Land Department concluded successfully earlier this week.…
Kuwait- Freeze assets of those on US sanctions list
In a new supervisory action to combat money laundering and terrorist financing, the Central Bank of Kuwait stressed all banks,…
UAE expats prefer exchange houses to send money home, here's why
For decades, exchange houses in the UAE have been providing affordable and reliable remittance and payment solutions to the country’s…
UBS/PwC Billionaires Report 2019: Billionaire-controlled companies return almost twice the average market performance
Key findings: Over the 15 years to the end of 2018, billionaire-controlled companies listed on the equity market returned…
UAE continues to lead the Middle East for ease of doing business
Despite a slight fall from their 2019 high of 11th position, the United Arab Emirates still scores highest in the…
UAE banks remain stable despite subdued economy
The UAE’s banking system was given a ‘stable’ rating despite the country’s subdued economic growth, according to a recent report…
Kuwait Real Estate’s unit buys property in Dubai
Kuwait Real Estate Company has announced that one of its subsidiaries in the UAE signed a contract to buy a…