Indonesia and Egypt attract Saudi investors
Governor Sunjaya Purwadi Sastra of Cirebon, a port city in northern West Java, Indonesia said bilateral trade between Indonesia and…
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OAB Honours 51 Long Service Employees
In recognition of their dedicated years of service, Oman Arab Bank honoured 51 long-term and retired employees with a special…
Winter of Discontent:Iranian Banks and the Need for Reform
The brouhaha surrounding the condition of Iranian banks is valid, as the crisis has been brewing for a long time.…
Arab Islamic Takaful insurance firm launched
A new Takaful insurance firm has been launched as a Kuwaiti joint stock close company with capital worth KD 5…
Space offers 'huge opportunites for investors'
Angel investors, including a growing number from the Gulf, are now helping to finance space-related entrepreneurial projects enabling individuals to…
Barclays named 'Wealth Manager of the Year' in the Middle East
For the third consecutive year, Global Investor, the leading international publication specialising in asset management, has named Barclays the ‘Wealth…
QInvest and Maceen Capital sign strategic agreement
Qatar’s leading investment bank, and Maceen Capital, a Saudi joint stock investment company, signed a strategic distribution agreement to work…
GFH repays and fully settles $300m syndicated facility
GFH Financial Group, the Bahrain-based financial group, announced that it has paid the entire amount of its $300 million syndicated…
Dubai's Shuaa buys stake in Bahrain's Khaleeji Commercial Bank
Dubai's Shuaa Capital bought a 14.01 percent stake in Bahrain's Khaleeji Commercial Bank on Sunday for 9.56 million dinars ($25.4…
Saudi Arabia to hold off on plans to tax expat remittances for now
Saudi Arabia will resist plans to introduce a tax on expat remittances for now, according to Mohammed Al-Tuwaijri, secretary general…
Turkey's financial meltdown on the Bosphorus speeds up
2016 was an "annus horribilis" for a global investor on the Bosphorus. The July 15 failed military coup attempt…
US dollar prices at banks vary considerably on Wednesday, official price drops by EGP 0.06
The Egyptian foreign exchange market witnessed enormous variations in the price of the US dollar on Wednesday, while the official…