CMA amends Rules for QFFII in Listed Securities
The Saudi Capital Market Authority (CMA) Board approved the final draft of the amended Rules for Qualified Foreign Financial Institutions…
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Swiss private bank linked to Malaysia scandal
A former unit of US insurance giant AIG is in the crosshairs of global regulators on an international hunt for…
UAE key to Standard Chartered’s global and regional strategy
For Standard Chartered, an international banking group with significant presence across emerging markets, the UAE is a key country in…
Dubai Group sells stake in Egyptian investment bank EFG-Hermes
The Dubai Group has sold its 11.8 per cent stake in Egyptian investment bank EFG-Hermes to European bank Natixis as…
Egypt needs $5-6 bln in bilateral financing to seal IMF deal: mission chief
Egypt’s preliminary deal for a $12 billion IMF loan programme can go to the board for approval only if the…
Bahrain's Mumtalakat buys stake in UK water treatment firm
Bahrain Mumtalakat Holding Company, the investment arm of the Gulf kingdom, has announced the acquisition of a significant equity stake…
Bahrain's Investcorp eyes new global investments in 2017
Bahrain-based Investcorp is aiming to make one to two new investments in the next year in each of its regions…
Show me the money: Lebanon addresses bank transfer delay problems
A vice governor of Lebanon’s Central Bank acknowledged Tuesday that some Lebanese expats are complaining about delays in transferring funds…
Saudi Arabia takes second chance to attract foreign capital
After a disappointing response to the opening up of market since June last year, Saudi Arabia, the biggest regional equity…
Long-Time LA Garment Manufacturer Charged With Hiding Income at Israeli Banks to Avoid Paying Taxes
Masud Sarshar, known for taking an ordinary workwear brand and converting it into a colorful array of pants called Dickies…
Omani banking sector 'resilient', says Central Bank
Despite the challenges facing the economy, the banking sector remained resilient supporting economic diversification initiatives and credit needs, the Central…
Era of fintech arrives on UAE investment scene
Would you trust a robot with your life savings, lend money to a complete stranger, or buy a stake in…