Ambit CEO Ashok Wadhwa to buy QInvest stake in the group
Qatar-based QInvest will sell its 26% stake in Ambit Group to Ashok Wadhwa, group chief executive officer of Ambit Holdings,…
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Pakistan to launch National Savings bond in Gulf states
In a bid to attract dollar investment from millions of overseas Pakistanis, the government has sought applications for selection of…
Cantor Fitzgerald Expands into Power, Energy & Infrastructure Investment Banking
Cantor Fitzgerald & Co. has announced that Kevin Phillips and Hari Chandra have joined the Firm as the Global Co-Heads…
DIFC targets new wealth products and SE Asia in global initiative
The Dubai International Financial Centre has a new strategic initiative with plans to attract more global financial services business –…
Successful pilot launch of Corporate Digital Banking & Mobile Application
Almoayyed International Group (AIG), a family-owned business, has succeeded in the pilot launch of the Corporate Digital Banking and Mobile…
K165m budget approved for Gulf
This include airstrips and feeder roads in districts and LLGs. Gulf Governor Chris Haiveta said the budget yesterday is…
Too Battered to Fail: Bonds in the Gulf Are a Safe Place to Hide
Investors’ appetite for risk is back, but most of the issues that soured the mood across emerging markets last week…
SIB and Damac Properties list multi-million sukuks on Nasdaq Dubai
UAE issuers. Sharjah Islamic Bank (SIB), with a $500m issue and real estate developer DAMAC Properties, listed a $400m issue…
Dubai Islamic Bank Q1 profit up 16 percent
Dubai Islamic Bank (DIB), the United Arab Emirates' largest sharia-compliant lender, posted a 16 percent increase in first-quarter net profit…
UAE- Emirates NBD Q1 profit surges 27%
Emirates NBD announced on Wednesday that first-quarter profit rose 27 per cent rise year-on-year to Dh2.4 billion, underpinned by higher…
Barclays: “Equities Expected to Continue Outperforming Bonds Despite Current Volatility”
Barclays published its Q2 2018 Compass Report, which examines major asset classes globally. The report notes that today’s best…
BisB: Hassan Jarrar Honoured Amongst Top 100 CEOs of the Gulf Region
Mr. Hassan Jarrar, CEO of Bahrain Islamic Bank (BisB), has been awarded the Top CEO of 2018 amidst the region’s…