Abu Dhabi's new $125bn fund taking shape
Abu Dhabi is close to finalising the merger of two of its largest sovereign wealth funds, Mubadala Development Co PJSC…
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Korea can tap Gulf's urban development needs: CEO
With their competitive edge in building infrastructure, South Korean companies can tap the growing needs of urban development in the…
United Arab Emirates Consider to Officially Recognize Bitcoin, Work on Regulatory Framework
Following in the footsteps of the Philippines and China, the government of the United Arab Emirates and its Central Bank…
Abu Dhabi's new $125bn fund taking shape
Abu Dhabi is close to finalising the merger of two of its largest sovereign wealth funds, Mubadala Development Co PJSC…
Goldman Sachs MD quits to join brokerage in Abu Dhabi
A Goldman Sachs managing director who moved from London to Dubai before the financial crisis hit, has just taken a…
Proposed three-way merger would be beneficial for Qatari Banks
The merger is currently at due diligence stage and will be subject to approval by the relevant authorities and the…
Bahrain's SICO announces 2016 results
Securities & Investment Company, licenced by the Central Bank of Bahrain as a conventional wholesale bank, announced today its financial…
Kuwait Wealth Fund Head Al Saad Said to Step Down After 14 Years
Kuwait Investment Authority is set to name Farouk Bastaki as managing director, replacing Bader Al Saad who ran the world’s…
Al Khalij posts net profit of QAR 427 million for 2016
His Excellency said, “In 2016, we retained our strong market position while developing the necessary safeguards to ensure our shareholders…
CBB Sukuk Al-Salam securities subscribed
Subscriptions worth BD 43 million were received for the BD 43 million issue, which carries a maturity of 91 days.…
NBK Capital acts as global coordinator for EQUATE Sukuk
Watani Investment Co K.S.C.C., NBK Capital acted as Global Coordinator and Joint Arranger in the establishment of Equate Sukuk SPC…
UAE lenders NBAD, FGB post financial position of merged entity
The National Bank of Abu Dhabi and First Gulf Bank on Monday posted preliminary figures on the financial position of…