Dubai's KBW's appoints commercial chief to drive growth
Dubai-based KBW Investments has appointed a chief commercial officer to drive its growth strategy in the region. Aaron Chehab…
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Saudi sovereign fund creates $1.07 bln "fund of funds" to back SMEs
Saudi Arabia’s Public Investment Fund said on Monday it is creating a 4 billion riyal ($1.07 billion) “fund of funds”…
Australia's Select Harvests rejects offer from UAE fund, shares jump
Australian almond producer Select Harvests Ltd said on Monday it has rejected a A$430.6-million ($334 million) takeover proposal from United…
Qatar discussing idea of dollar bond with market, no decision
Qatar has been discussing with banks the idea of issuing an international bond this year, but no decision has been…
Saudi Arabia sets up $1 billion fund to support SMEs
Saudi Arabia’s Public Investment Fund, the kingdom’s sovereign wealth fund, set up a 4 billion Saudi riyal fund (US$1bn) that…
UAE banks ranked first in GCC with $723bn in assets
The UAE banking system has been ranked the top banking sector in the Gulf region in terms of assets in…
Qatari stock market rebounds, Zain pulls back in Kuwait
Banking shares boosted Qatar's stock market on Monday as it rebounded from a five-year low, while Kuwaiti telecommunications firm Zain…
Lebanon passes disputed tax hikes to fund public sector pay rise
Lebanon's parliament approved contentious taxes needed to finance a public sector pay rise on Monday and Prime Minister Saad al-Hariri…
UAE banking sector profitability projected to improve in 2018
The UAE’s banking sector outlook remains stable reflecting economic resilience, strong capitalisation, stable funding and liquidity conditions, according to global…
Bank Nizwa Joins Takaful Oman and Al Kawthar Fund to Launch Islamic Finance Knowledge Program
Bank Nizwa has hosted the signing ceremony of a MoU partnering with Takaful Oman Insurance Co and Al Kawthar Islamic…
Turkey's Central Bank to adopt new auditing mechanism
Taking international standards into consideration, the government has established a new and more advanced audit mechanism under the control of…
Arab Angel Fund Closes $25 Million Fund To Help US Startups Enter And Grow In MENA Market
Arab Angel Fund has announced raising US$15 million for its flagship Arab Angel Fund I thereby closing its target of…