Anonymous cyber hackers hit UAE banking websites
Several UAE banks were hit by a co-ordinated cyber attack, known in the trade as a distributed-denial-of-service attack, on Tuesday,…
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Bank Aljazira scores prestigious Customer Service Awards
Bank Aljazira has scored a major achievement following the announcement that Aljazira Phone has won the Gold Medal & 1stRank…
SWFs in Latin America and Middle East consider their first hedge fund allocations
For any hedge fund manager, winning a mandate from a sovereign wealth fund is the Holy Grail. These are the…
Fortress Capital, Film Clinic set up joint venture firm
Fortress Capital Investments, a leading investment firm operating in the Middle East, has announced collaboration with Film Clinic, a key…
Retail Industry in the Kingdom of Saudi Arabia on Booster Shots – Frost & Sullivan Assesses the Factors Fuelling Growth
The Kingdom of Saudi Arabia (KSA) is the second largest retail market in the Gulf Cooperation Council (GCC) after the…
King & Spalding Advises ACWA Holding on Landmark Islamic Financing for US$2 Billion Industrial Gases Project
King & Spalding advised Arabian Company for Water and Power Development on the Islamic financing for a new US$2 billion…
Al Jaber seeks new terms for $4.5bn restructured debt
Abu Dhabi-based conglomerate Al Jaber Group is talking with banks to refinance around $4.5 billion of debt it restructured last…
Dar opens MCB branch in Dubai
Finance Minister Mohammad Ishaq Dar has inaugurated a branch of MCB Bank in Dubai heralding its first wholesale banking operations…
Dar opens MCB branch in Dubai
Finance Minister Mohammad Ishaq Dar has inaugurated a branch of MCB Bank in Dubai heralding its first wholesale banking operations…
Ex-Deutsche Banker Goes Solo With Abu Dhabi Sheikh’s Backing
A former Deutsche Bank AG banker is starting a Middle East-focused private-equity and advisory firm backed by an Abu Dhabi…
Dubai sovereign wealth fund sees profits surge 62%
Investment Corporation of Dubai (ICD), the emirate’s sovereign wealth fund has reported increased profits of $7.75 billion (AED28.5 billion) for…
Oman central bank sets up Islamic banking department
The Omani central bank has established an independent department to handle Islamic banking, it said on Wednesday, in a step…