Forex firm shut down for fraud reopens in same building
Nearly five years after it was shut down and its Pakistani CEO subsequently convicted and jailed for fraud, MMA Forex…
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Saudi billionaire family to hire HSBC for health water IPO
Saudi Arabia’s billionaire Olayan family, which runs one of the nation’s biggest conglomerates, is planning an initial public offering of…
Aldar revenue in Q1 increases 28% on development sales
Abu Dhabi developer says it sees growth opportunities in the middle-income market Aldar Properties, Abu Dhabi's leading property developer, reported…
Bahrain to launch national e-wallet by June
The Central Bank of Bahrain (CBB) has announced that it is working closely with BENEFIT to launch the first phase…
UAE SCF platform gets investment from ex-Citi CEO
Invoice Bazaar, a Dubai-based fintech start-up, has received an investment of an undisclosed amount from Shirish Apte, former CEO and…
GIB is Granted Approval to Become A Local Bank in Saudi Arabia
Gulf International Bank (GIB or the Bank) expresses its gratitude and appreciation to the Custodian of the Two Holy Mosques,…
Talks between Nigerian Bank and etisalat ends in deadlock
According to Reuters, two sources with knowledge of the matter between the Nigerian arm of Abu Dhabi’s Etisalat and its…
ABK takes home Bank of the Year award – Group demonstrates strength across the region
Al Ahli Bank of Kuwait was named ‘Bank of the Year’ by Arabian Business Magazine, highlighting the Bank’s series of…
Continued rise of Islamic REITs as issuances surge
Islamic Real Estate Investment Trusts are continuously gaining traction as can be seen by a number of new issuances in…
Bahraini sovereign wealth fund invests in Germany's AAH
The Bahrain Mumtalakat Holding Company, has announced it has acquired what it termed "a significant minority stake" in German executive…
High demand for Eurobonds of Turkish banks
Five major Turkish banks comfortably raised $3 billion in the Eurobond market within the first four months of the year,…
Qatar Financial Centre concludes Asia Roadshow 2017
As part of QFC Asia Roadshow 2017, Qatar Financial Centre Senior officials held discussions, face-to-face consultations and networking events with…