Six firms in running to manage $1 billion Abraaj healthcare fund: sources
Colony Capital, TPG and Cerberus Capital Management are among at least six firms vying to run Abraaj’s $1 billion healthcare…
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Bahrain central bank's net foreign assets fall in May
Net foreign assets at Bahrain's central bank, an indication of its ability to defend its currency against market pressure, fell…
Orange partners with Additiv to offer digital wealth management services for financial institutions
Orange Business Services and Additiv, an expert in digital solutions for the financial market, have teamed up to offer digital…
Banque Libano-Française, Iraq, completes Temenos T24 Core Banking upgrade
Temenos the banking software company, announces that Banque Libano-Française Iraq, has upgraded to release 17 (R17) of Temenos T24 Core…
Varde Partners appoints Head of EMEA Business Development and Investor Relations
Värde Partners, the global alternative investment firm, announced today the hire of Shannon Gallagher as Head of EMEA Business Development…
Kuwait’s cabinet resists pressure to tax expats’ remittances
The Kuwaiti government has rejected parliamentary demands to impose fees on expatriates’ remittances arguing that the move would harm the…
SSGA names new head of capital markets for APAC and EMEA
US-based asset manager State Street Global Advisors (SSGA) has appointed Marcus Miholich as managing director and head of capital markets…
UAE banks collaborate to promote FinTech education
Emirates Institute of Banking and Financial Studies (EIBFS) in association with leading UAE banks and insurance companies, has launched the…
Moody’s assigns ‘counterparty risk’ ratings to GCC banks
Rating agency Moody’s assigned counterparty risk ratings (CRR) to a string of banks in the Arabian Gulf, measuring their ability…
Emirates Institute of Banking and Financial Studies Launches Fintech Training Lab to Develop Talent to Meet Future Industry Needs
Emirates Institute of Banking and Financial Studies (EIBFS), a regional leader in banking and finance education and training, in association…
Bahrain financial support likely to be 'conditional and explicit'
Saudi Arabia, Kuwait and the UAE are likely to make financial support to Gulf neighbour Bahrain conditional and explicit as…
Abraaj chairman quits as Naqvi faces trial
Sean Cleary, chairman of Abraaj Holdings, has resigned as the Dubai-based private equity group undergoes a court-supervised restructuring. "Following…