Foursan Group enlists SRB to manage PE fund
Foursan Group, a leading Mena private equity investor, has enlisted Shariyah Review Bureau for reviewing, certifying and supervising its private…
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For many Middle Eastern entrepreneurs, the first order of business starts offshore
When Uber and its Emirati competitor Careem entered Jordan in 2016, they provided welcome relief from the country’s taxi services,…
Emirates NBD takes financial fitness to a new level
Emirates NBD Fitness account enables customers to earn interest of up to 2% p.a. on their savings based on the…
Qatar Insurance to list subsidiary on stock exchange
The parent company of Bermuda-based reinsurer Qatar Re is preparing to list one of its other subsidiaries on the Muscat…
Bank ABC is first MENA financial institution to join global financial infrastructure consortium
The over 80-strong consortium of the world's biggest financial institutions is spearheading research and development of blockchain–inspired distributed ledger technologies…
MUFG plans Saudi Arabia hires to tap US$350b privatization
Mitsubishi UFJ Financial Group Inc is looking to hire in Saudi Arabia as the lender seeks to benefit from privatizations…
Missing analysts' estimates Damac reports 21 per cent plunge in second quarter profit
Damac Properties, the Dubai-based real estate developer and business partner of US President Donald Trump in the emirate, said second…
UAE is likely to see increased cashless transactions by 2020: Xpress Money’s Strategy & Digital Chief
Cash is still the reigning king, but that is likely to change rapidly given the UAE’s thrust towards cultivating smart…
Emaar Properties H1 net profit jumps 15pc to $772m
Dubai-based Emaar Properties recorded a growth in net profit of 15 per cent to Dh2.837 billion ($772 million) during the…
CBO approves merger between National Finance and Oman Orix
National Finance Company and Oman Orix Leasing Company have received in-principle approvals from the Central Bank of Oman for their…
UAE Islamic banks expected to report better profits in 2017
Profitability metrics of UAE based Islamic banks are expected to improve this year with lower financing impairment charges, however, profits…
Jordan approaches banks for dollar bond or sukuk issue- sources
The government of Jordan has asked banks to submit proposals to arrange a U.S. dollar conventional or Islamic bond issue,…