Uncategorized

Hedge Funds & Alternative Investments

Damac signs £200m deal with Lendlease to build Versace-designed Aykon London One residential tower

August 23, 2016

UAE-based Damac Properties has signed a £200m deal with Lendlease, an Australian infrastructure company, to build Aykon London One, its…

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Legal

Lebanese Canadian Bank shareholder sues Deloitte & Touche (ME)

August 23, 2016

* Suing Deloitte and Touche (Middle East) (DTME) and its managing partner Joseph El Fadl for negligence and deceit in…

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FinTech

National Bonds Website Now Offers Up-to-date Financial Planning Advice

August 23, 2016

National Bonds, the leading sharia-compliant savings and investment company in the UAE, now provides financial planning tips and tools via…

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Legal

DFSA Strengthens Regulatory Co-operation in the UAE

August 23, 2016

The Dubai Financial Services Authority (DFSA) today entered into a Memorandum of Understanding (MoU) with the Financial Services Regulatory Authority…

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FinTech

British Arab Commercial Bank revamps legacy systems with Temenos tech

August 23, 2016

Temenos has announced that British Arab Commercial Bank has selected Temenos' CorporateSuite, which includes Channels and Analytics for Corporates, to…

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Mergers & Acquisitions

The United Bank to be sold late 2016, early 2017: chairperson

August 22, 2016

The actual procedures of offering the United Bank for sale may start in late 2016 or early 2017, according to…

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Awards and Recognition

ADIB wins Global Finance Innovation Award

August 22, 2016

Abu Dhabi Islamic Bank has been named one of the top innovators in Islamic finance by Global Finance magazine for…

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Awards and Recognition

Al Masraf Bank wins ‘STP Excellence Award’ from Commerzbank AG

August 22, 2016

The Arab Bank for Investment and Foreign Trade Al Masraf Bank has been conferred the ‘Straight Through Processing Excellence Award’…

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Executive Moves

Mashreq Capital’s CEO Said to Leave After Month in the Job

August 22, 2016

Aamir Peracha, chief executive officer of Mashreqbank PSC’s asset management unit, has left a month after being appointed to the…

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Investment Banking

FGB named as acquirer of NBAD

August 22, 2016

First Gulf Bank and National Bank of Abu Dhabi released preliminary financial information on the entity that will come from…

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Regulation, Risk & Compliance

CMA mandates transition to IFRS of listed companies

August 22, 2016

The Saudi Capital Market Authority Authority announced the Board of Commissioners resolution which obligates listed entities to adopt the International…

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Comment & Analysis

Arabian Gulf markets remain quiet amid oil’s return to $50 mark

August 22, 2016

Arabian Gulf shares began the week in quiet fashion on Sunday, with a return to US$50 oil proving little stimulus…

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