Bahrain said to raise $500m as it awaits support from Gulf allies
Bahrain has raised $500 million from a private placement of bonds with five regional banks, giving the island-kingdom much-needed relief…
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Islamic GCC Bond Sales Fall by 32 Percent Due to Oil Price Hike
The sale of Islamic bonds in the Gulf fell in the first half of 2018 as increasing oil prices lessened…
Nomura Asset Management appoints EMEA Managing Director
Nomura Asset Management has announced the appointment of Peter Ball as Managing Director with responsibility for all aspects of distribution…
Egypt’s Aqarmap Secures Investment From Wamda Capital, KISP And Raed Ventures
Egyptian startup, Aqarmap, an online real estate marketplace, has secured investment from a trio of investors which include UAE’s Wamda…
KKR hires new head of financial services for EMEA
KKR have announced the appointment of Daan Knottenbelt as a Member, effective from 20 August. Daan will lead KKR’s Financial…
Robo-Advisor Startup Sarwa Raises $1.3 Million In Funding From Regional And International VC Firms
Sarwa, a Dubai-based automated investment advisory platform, has raised $1.3 million in its latest round of pre-Series A funding from…
Arab Jordan Investment Bank wraps blockchain PoC
ICS Financial Systems (ICSFS) has been working with Arab Jordan Investment Bank (AJIB) on a blockchain proof of concept (PoC).…
Abu Dhabi Confronts Glut of Banks With Three-Way Merger Plan
Abu Dhabi is engineering a second bank merger in its latest attempt to stay competitive in the era of lower…
The Global CIO Office Weekly
Emerging Markets - Not Wholly Bad News President Trump’s trade wars continue to trouble the emerging markets Stronger…
QDB fetes partner banks for SME support
Qatar Development Bank (QDB) honoured four banks yesterday during the ‘Best Partner Bank’ award ceremony for supporting small and medium-sized…
Turkey's Albayrak says central bank independent, sees no crisis in banking sector
Turkey’s central bank is independent of government and will take all necessary steps to combat inflation, Finance Minister Berat Albayrak…
UAE Central Bank board holds a review meeting
The Board of Directors of the Central Bank of the UAE (CBUAE) has reviewed a memo regarding the ‘Macro Prudential…