Senior banker to file complaint over social media allegations
A SENIOR banker plans to file a police complaint over allegations posted on social media regarding his doctorate. The…
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Riyadh to seek $11bn in bank loans after Saudi Aramco IPO stalls
Saudi Arabia’s sovereign wealth fund is primed to choose international banks to lend it $11bn, filling the hole left by…
KKR's ex-director Kabir Mathur joins ADIA to head India investments
Abu Dhabi Investment Authority (ADIA), the world’s second largest sovereign wealth fund, has hired private equity veteran Kabir Mathur to…
UAE’s top real estate firms boost sales in Q2 but slow market weighs on profit
The UAE’s biggest listed real estate companies improved their sales in the second quarter of 2018 as market sentiment buoyed…
‘Wilful defaulter’ Winsome Diamonds diverted $750 million to dummy companies, says probe
Winsome Diamonds and Jewellery, one among the biggest ‘wilful defaulters’, diverted at least $750 million to six companies in Hong…
US crypto firm to open in Abu Dhabi
Seccurency, a US-based provider of financial technology products for the tokenised issuance and trading of securities, is set to open…
Abu Dhabi boosts Al Hilal Bank's capital by Dh400m, CEO says
Abu Dhabi has increased the share capital of its wholly-owned Al Hilal Bank by Dh400 million, a timely boost for…
First Shariah-Compliant Crypto Exchange Set to Launch in the UAE
ADAB Solutions, a UAE-based company, is reportedly going to launch the very first cryptocurrency exchange compliant with Shariah law. The…
Banks have ‘sufficient cushion’ for further realty credit: QCB
Qatari banks have “sufficient cushion” to accommodate further real estate credit, according to a Qatar Central Bank report. The…
Saudi Arabia is stumbling in its effort to build a global financial center
Saudi Arabia is stumbling in its effort to build a cosmopolitan financial center in the Middle East. The oil kingdom…
FX debt to haunt Turkey – Rabobank
The Turkish lira remains one of the main barometers of sentiment towards emerging markets, according to analysts at Rabobank. …
Saudi energy minister denies report that Aramco IPO will be called off
Saudi Arabia’s energy minister denied a Reuters report that state oil giant Aramco’s initial public offering will be called off,…