Saudi firms tighten controls in wake of Mobily scandal
When Saudi Cable Co said last month it was delaying the release of its 2014 earnings statement, because it was…
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Oman's Bank Dhofar sets price, ratio for 45 mln rial rights issue
Oman's Bank Dhofar, the sultanate's second-largest lender by assets, has set the share price and the subscription ratio for its…
CIB management to decide whether to submit offer for Citigroup’s Egypt retail portfolio
The board of directors of the Commercial International Bank (CIB) said that it has delegated to management the decision whether…
Silvia Damiani awarded entrepreneur of the year at FCEM world business women's congress in Bahrain
The Damiani Group, the renowned international jeweler, has announced, that Ms. Silvia Damiani, Vice President of the Group, has been…
The DFSA Strengthens Ties With Indonesian Regulator
The Dubai Financial Services Authority last week extended its formal ties with its counterparts in South East Asia, by entering…
Abu Dhabi Technology Development Committee and Emirates Development Bank Partner to support UAE inventors through the Takamul Programme
The Abu Dhabi Technology Development Committee and the Emirates Development Bank have signed a Memorandum of Understanding to create a…
Nine Saudi expats held in $20m money laundering scam
Nine Asian expats have been arrested in Saudi Arabia for transferring SR77m ($20.5m) to foreign bank accounts in what is…
Saudi Bank Aljazira Names Advisers For $800m Rights Issue
Saudi Arabia’s Bank Aljazira has appointed the investment banking arms of Gulf International Bank and Riyad Bank to advise it…
Senegal President Asks Saudi-Based IDB To Help Organise Sukuk Bond
Senegalese President Macky Sall has asked the Saudi Arabia-based Islamic Development Bank to help his West African country tap the…
Trust Re gross premiums soar
Trust Re, a Bahrain-based reinsurance firm, has reported growth of 13.7 per cent in gross written premium at $452.6 million…
BAB urged to play bigger role
Bankers have urged the Bahrain Association of Banks to play a greater role in negotiating with the authorities in order…
Abu Dhabi Retirement Pensions & Benefits Fund announces the Launch of their E- Payment Portal
In line with the Abu Dhabi Retirement Pensions & Benefits Fund 's ongoing quest to improve the level of services…