Dubai wealth managers dismiss UAE inclusion in EU tax haven blacklist
UAE wealth managers said a move by the European Union to include the Emirates in a black list of 17…
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U.S. Treasury seeking information on one Turkish bank: deputy PM
The U.S. Treasury has requested information on a Turkish bank, Deputy Prime Minister Mehmet Simsek said on Wednesday, referring to…
UAE stands out as investment destination
The United Arab Emirates are the second biggest target for foreign direct investment in the Middle East and North Africa,…
Islamic banks should embrace, not fear, disruption from fintech
Until a few years ago, Islamic banking was booming. With annual growth rates of 15 per cent or more in…
Citi Hires Investment Banking Head for Saudi Arabia
Mr. Majed Al Hassoun, who will be based in Riyadh, initially will build up the operation to focus on working…
Crown Prince Wreaks Havoc
Saudi Crown Prince Mohammed bin Salman, 32, took to the stage at the palatial Ritz-Carlton in Riyadh on October 24…
Middle East Islamic banking to grow by 5% annually, says governor of Central Bank of Bahrain
The Middle East Islamic banking sector is forecast to grow at an annual rate of 5 per cent for the…
Saudi Arabia, Allies Snub Qatar At Crisis-Hit Gulf Summit
Gulf powerhouse Saudi Arabia snubbed its former regional ally Qatar at the annual summit Tuesday of regional monarchies as King…
Islamic funds, asset management sector poised for growth
The next segment of Islamic finance facing an upswing in volume and activity is the Islamic fund and wealth management…
Egypt repays $4bln of debt to African Export-Import Bank
Egypt has paid back a total of $4 billion of its debts to the African Export-Import Bank, the central bank…
Clifford Chance advises consortium of banks on $457 million Reem Mall financing
Clifford Chance advised Standard Chartered Bank (SCB) as part of a consortium of banks on a seven year senior credit…
Frayed Nerves Over Saudi Millions
Swiss banks have wooed wealthy Saudi Arabian clients for decades. A wide-sweeping anti-corruption campaign by the young force behind the…