Iran holds 100 traders and freezes accounts in dollar crackdown
Iranian authorities have detained almost 100 currency traders and frozen bank accounts reportedly worth 200tn rials ($5.3bn) in the biggest…
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Saudi startups have wider funding options amid huge fund volumes
Saudi startups would have a wide range of financing options as funding volumes in GCC have increased steadily, with a…
World's first 'cold storage' vault for digital currency launched in Dubai
Regal RA DMCC, a subsidiary of Regal Assets, an international gold investment company and the Middle East’s first to have…
Saudi developer plans debut sukuk for social housing
Saudi developer Salman Abdullah Bin Saedan Real Estate Group is planning a debut issuance of Islamic bonds in the coming…
Insurance unit of Warren Buffett's Berkshire Hathaway opens Dubai office
An insurance subsidiary of Warren Buffett's Berkshire Hathaway said on Monday it had established an office in the Dubai International…
UAE banks seen turning the corner in 2018 as loan demand strengthens
UAE banks are set to see higher loan growth and profitability in 2018 as the local economy turns the corner,…
Global supports Yargıcı in franchising its lifestyle retail brand into Saudi Arabia and Kuwait
Global Investment House has announced that Yargıcı Konfeksiyon Ihracat ve Ticaret A.Ş. , has recently signed master franchise agreements with…
Gold trader gets Dubai licence to trade and store cryptocurrencies
Gold trader Regal RA DMCC has become the first company in the Middle East to be awarded a licence by…
Dubai's Al Ahli secures $340m financing to expand mall
Al Ahli Holding Group, a major UAE conglomerate, has secured an Islamic club financing facility worth Dh1.25 billion ($340 million)…
Emirates NBD ranked UAE’s top banking brand for 2nd consecutive year
Emirates NBD today announced its position as the UAE’s most valuable banking brand with a US$3.534 billion brand valuation in…
Bank ABC 2017 net profit up six per cent YoY
Consolidated net profit, attributable to the shareholders of the parent, for the year 2017 was $193 million, six per cent…
Japanese investment on the rise in Turkey
Manisa, a vibrant industrial town in Turkey’s Western Anatolia region, has had a lot of visitors from Japan recently. …