Penney named UK trade commissioner for the Middle East
Simon Penney is to promote trade and investment in the Middle East as new HM trade commissioner under the UK…
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‘Deutsche Bank looking to sell stake in Dubai-based Abraaj’
Deutsche Bank is looking to sell its small stake in Dubai-based Abraaj, the embattled private equity firm involved in a…
US Mounts Major Global Money-Laundering Campaign
The US Treasury Department has initiated a wide-ranging campaign against money laundering across the globe and is leaning on governments…
Two senior executives resign from Abraaj
The departures come mere months following their appointment as part of the private-equity firm’s restructure Two more senior executives…
Kuwait Pension Fund Tries to Force Abraaj Into Bankruptcy
Kuwait’s pension fund is trying to force private-equity firm Abraaj Group into bankruptcy proceedings over allegedly not repaying a $100…
OECD sees stronger world economy, but risks loom large
The global economy is experiencing stronger growth, driven by a rebound in trade, higher investment and buoyant job creation, and…
Bahrain follows UAE with long-term investor visas
Bahrain’s government has announced it is working on a law that will allow foreigners to obtain 10 year “self-sponsored” visas,…
Deutsche Bank cuts 8 equities research positions in Dubai
Deutsche Bank has cut eight positions within its equities research team in Dubai, as it moves to close the unit…
Central Bank of Bahrain on the forefront of innovation
A delegation from the Central Bank of Bahrain (CBB) recently visited the Visa Innovation Center. The visit came in…
Kuwait's economic growth recovering — Belgian finance house
The six-member Gulf Cooperation Council countries have implemented significant fiscal consolidation and this has improved the fiscal balances of most…
Dubai Land Department unveils virtual realty platform
As part of its contribution to the Dubai 10X initiative, Dubai Land Department has launched a new platform for conducting…
DFSA obtains DIFC Courts Judgment to Enforce a Fine
The Dubai Financial Services Authority has recently obtained judgment in the DIFC Courts’ Court of First Instance to enforce payment…