Qatar’s splurge will further undermine its economy
Regardless of the Qatari media’s promotion of Doha’s ability to confront the Gulf and Arab boycott, now in its second…
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Arab Persian Gulf States’ Investment in Russia
Throughout the past decade, Russia’s main sovereign wealth fund (SWF) — Russian Direct Investment Fund (RDIF)—has forged strategic partnerships in…
Dawood Ibrahim's finance manager Jabir Moti nabbed in London
In a big breakthrough for India, the authorities have detained a close aide of fugitive underworld don Dawood Ibrahim in…
Alleged head of BitConnect cryptocurrency scam arrested in Dubai
If it sounds too good to be true, it probably is -- and certainly appears to have been the case…
Company mergers, acquisitions to reach $13 billion this year
The total volume of mergers and acquisitions (M&A) deals in Turkey exceeded $8 billion in the first half of this…
Korean investors shift funds to Middle East
South Korea’s yield-hungry investors, who were spooked by a Chinese default, are shifting their sights to the other end of…
Distribution challenges for Middle East banks
It has been reported that some 2,900 bank branches were closed in the UK in the past three years. …
Israel’s Bank Leumi Eyes Growth as U.S Tax Probe Rankles Rivals
Bank Leumi Le-Israel BM, one of Israel’s largest lenders, is poised to increase its share of the domestic mortgage market…
Saudi Arabia is stumbling in its efforts to build a global financial center
While it's working hard to diversify and modernize its economy, Saudi Arabia is stumbling in its effort to establish a…
Bahrain's currency peg likely to remain intact, but kingdom's banks face tough times ahead
After recent downgrades of the Bahrain government’s long-term issuer ratings, doubts have been expressed that a forthcoming aid package from…
ADIB shareholders approve $272mln rights issue
Abu Dhabi Islamic Bank (ADIB) shareholders have approved a board proposal to raise up to 1 billion dirhams ($272 million)…
Sovereign wealth funds search for new investments
Elon Musk’s “take Tesla private” tweet after securing a deal with Saudi Arabia’s Public Investment Fund caused a stir. It…