Dubai court can hear case against Deloitte unit after collapse of Hezbollah-linked bank
A Dubai court could hear evidence relating to the alleged role of auditor Deloitte & Touche in the collapse of…
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UAE banks eye end to $22 billion Saudi debt saga
Banks in the United Arab Emirates are hopeful of recovering some funds in 2018 from the multibillion-dollar collapse of Saudi…
Saudi Riyad Bank's Q4 profit up on lower impairment charges
Riyad Bank, Saudi Arabia’s fourth-largest lender by assets, posted a huge rise in fourth-quarter net profit on Tuesday, beating analysts’…
Chief executive of Saudi-based ICD departs
The chief executive of the Islamic Corporation for the Development of the Private Sector has stepped down after a decade…
War-battered Iraq says it’s ‘open for investors’
War-battered Iraq sought yesterday to attract international investors to rebuild the country, offering hundreds of projects and touting extensive legal…
Azerbaijan’s PASHA Bank intends to increase its share in Turkey’s market
Fitch Ratings has affirmed Turkey-based Pasha Yatirim Bankasi A.S.'s National Long-Term Rating at 'BBB+(tur)', which is a subsidiary of Azerbaijan’s…
Dubai finds solution to bitcoin hacking – the most protected vault in the world
Last month, hackers stole about $530 million from the Tokyo-based exchange Coincheck Inc. The heist exposed flaws in Japan’s…
UBS to Hire Ex-Morgan Stanley Banker for Richest Saudis
UBS Group AG hired a former Morgan Stanley banker to run its ultra-high net worth business in Saudi Arabia as…
Barclays Bank faces fresh SFO charges over 2008 fundraising
The Serious Fraud Office has charged Barclays Bank over a $3bn (£2.2bn) loan given to the State of Qatar as…
Bank ABC 2017 net profit up 6pc to $193m
Bahrain-based Bank ABC (Arab Banking Corporation) has posted consolidated net profit of $193 million for the year 2017 as against…
Abu Dhabi financial regulator may create framework for virtual currencies
The regulator of Abu Dhabi’s international financial centre said it could create rules for exchanges handling virtual currencies, in a…
BNY Mellon Receives Two MENA Fund Manager Services Awards
BNY Mellon has been awarded “Global Custodian” of the year at the 2018 MENA Fund Manager Services Awards. In…