Abu Dhabi investigators foil attempt to steal $173m from UAE bank account
Abu Dhabi’s Public Funds Prosecution and Criminal Investigation Department have foiled an attempt to steal more than Dhs635m ($172.8m) from…
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UAE leads MENA private equity investments by value and volume
The UAE accounted 62 per cent of Middle East and North Africa (MENA) private equity investment activity by value in…
Mortgages set to rise across Gulf region
The cost of mortgages in Saudi Arabia, the UAE and Bahrain are set to rise this week following the decision…
International Lenders Support Qatari Banks Hit by Regional Rift
A few large Asian, European and U.S. banks are providing funds to help to keep Qatari banks running smoothly after…
Islamic bond market stunned by ‘unlawful’ sukuk claim
The market for Islamic bonds is in turmoil after Dana Gas of the UAE told investors that its $700m sukuk…
How Does the Middle East’s Startup Scene Compare to the US?
Americans often think of startups and entrepreneurial endeavors as being unique to the United States. Even more specifically, unique to…
Kuwait Central Bank keeps the discount rate at 2.75%
The Central Bank of Kuwait has decided to keep the discount rate at its current value 2.75 percent, a fixed…
Federal Reserve raises interest rates, GCC countries react
The Central Bank of UAE, raising interest rates applied to the issuance of its Certificates of Deposits, in line with…
Qatar crisis challenges Gulf assets as Middle East’s safe haven
Gulf countries and their assets for years have been seen as a safe bet for investors in Middle Eastern emerging…
CIO role in focus at banking innovation summit
The role of the chief information officer, which has now shifted to introducing innovative models and redefining customer experiences, will…
Quisk to launch banking payment platform in UAE
Quisk Middle East, a global provider of digital payment services and solutions, is set to launch its new banking payment…
Bahrain launches new rules for fintech firms
Bahrain's central bank has issued new rules to create a regulatory unit that will allow financial technology firms to test…