IFRS For SMEs Explained
After years of discussion, the new Commercial Companies Law No 02 of 2015 has been introduced, requiring all UAE businesses…
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UAB recommends economic, legislative reforms in Arab countries to attract foreign investment
The Union of Arab Banks urged Arab countries to carry out economic and legislative reform to create a favourable context…
MENA investors warn of increasing correlations, finds Natixis survey
Institutional investors worldwide say it is challenging to find diversification among traditional asset classes, with more than half (54%) saying…
Gulf Bank Posts a 10% increase in Net Profit to KD 39 Million in 2015
Gulf Bank today announced an operating profit before provisions of KD 108 million for the year ended, 31 December 2015,…
Middle East Eyes Indonesian Beaches
Alwi Shihab, the Presidential envoy to the Middle East and the Organization of Islamic Coopeation (OIC), said that…
United Arab Bank winds down SME unit after surge of UAE debtors
United Arab Bank, hard hit by a surge in debt defaults among small business owners in the UAE, is winding…
Middle East investors lured by European hotel trophy assets
Whatever be the price of oil, Middle East investors aren’t likely to be put off buying trophy real estate assets…
Bahrain working with banks to tap existing $1.5 bln bond – sources
Bahrain is working with banks about a potential re-tap of a dollar-denominated two-part bond issued late last year, sources with…
Turquoise to start Iran Private Equity Fund with Swiss Private Bank
Iranian asset-management firm Turquoise Partners plans to start a $200 million private equity fund with Swiss bank Reyl & Cie’s…
ABK ‘One Tap Touch ID’ now live – Mobile banking made simpler with latest upgrade
As part of ABK’s strategy to make banking ‘simpler’ for customers, the Bank today announced the latest upgrade to its…
Key financial mis-selling case in Dubai nears conclusion
One of the biggest financial mis-selling cases in the Gulf region between a wealthy Kuwaiti family and Switzerland’s Bank J.…
JSCL restricted from buying Dubai Bank’s stakes in BankIslami
The State Bank of Pakistan (SBP) did not show any flexibility to Jehangir Siddiqui and Company Limited (JSCL), wishing to…