FAB proposes removing foreign ownership cap
First Abu Dhabi Bank’s (FAB) Board of Directors has proposed removing a limit on the foreign ownership limit in its…
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Emirates Islamic announces H1 2019 financial results
Emirates Islamic announced its financial results for the period ending June 30, 2019. The Bank reported a net profit…
Cyprus based firm acquires ME financial planning and wealth management company
Rapidly-growing financial services firm confirms UAE acquisition Terms and conditions of buy-out agreed with Mondial (Dubai) LLC Move marks ‘exciting…
Cayman Islands Partner Relocates to Walkers Dubai
Walkers has announced that Cayman Islands partner Barnaby Gowrie has relocated to Dubai to lead the Insolvency and Dispute Resolution…
Saudi Alfanar Group to expand UK operation through investment into renewable energy sector
The Alfanar Group, one of Saudi Arabia’s largest industrial conglomerates, has announced that it will set up a renewable energy…
Top International Business Lawyer Joins Kalbian Hagerty
Kalbian Hagerty has announced that Mark H. Tulloss has joined the firm’s UAE office as Senior Counsel. Mr. Tulloss…
Kuwait central bank approves Warba Bank’s $500mln sukuk issue
Kuwait-based Warba Bank has obtained the Central Bank of Kuwait’s (CBK) preliminary approval to issue sukuk at a value not…
Combating financial crime
Banks around the world are spending billions to improve their financial crime management. Yet the number of fines and sanctions…
Abu Dhabi regulator sets up framework for robo-advisers
FRAMEWORK WILL PROMOTE FAIRNESS, ACCOUNTABILITY AND TRANSPARENCY IN THE USE OF ALGORITHM-BASED TOOLS The Financial Services Regulatory Authority of…
Gulf Bank awarded prestigious ‘Operational Excellence Award’ by Deutsche Bank
Deutsche Bank has awarded Gulf Bank with the annual Operational Excellence Award in recognition of nine years of exceptional performance.…
FAB posts record H1 net profit of $1.7bn
First Abu Dhabi Bank has reported a record half year net profit of Dh6.3 billion ($1.7 billion), up 4 per…
37% of the charities in Kuwait violated law
The file of charities has come to the fore again, following the recent events – the busting of the so-called…