Neuberger Berman appoints former SEI exec as Head of MENA
Neuberger Berman has announced the appointment of Jahangir Aka as Head of Middle East & North Africa (MENA), based in…
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Belgian university to launch diploma courses in Islamic Finance
The School of Management (LSM) of the Catholic University of Louvain in Belgium is to launch the first university diploma…
DIFC Drives 'Dubai Forward'
Dubai International Financial Centre (DIFC), the international financial centre for the Middle East, Africa and South Asia region, announced today…
QIB gears up for expansion, refurbishment of branches
Qatar Islamic Bank intends to open three to five branches this year as part of the bank’s expansion plans, including…
Kuwait bank manager accused of embezzling $2.76m
The Commercial Bank of Kuwait is investigating claims a branch manager embezzled KD815,000 ($2.76m) from customers’ accounts over two years,…
Saudi Fransi Capital CEO Said to Resign
Yasir Al Rumayyan, chief executive officer of Saudi Fransi Capital, left the bank for a role at the court of…
UAE's RAKBANK will raise $300 mln through 2019 bond tap
United Arab Emirates-based lender National Bank of Ras Al Khaimah will raise a further $300 million through a re-opening of…
Retirement funding timebomb looms in UAE, says Zurich
The vast majority of employees in the UAE believe that end of service gratuity is an inadequate method of saving…
Arzan Wealth Acquires $127 million Office Campus in Raleigh, North Carolina, USA
The 67 acre campus featuring a lake, nature preserve, jogging trails, and recreation area, includes two recently renovated office buildings…
Alexander Granovsky faces Israel lawsuit over bank debt
Russian bank Alfa-Bank is demanding repayment of $15 million from Granovsky, who controls G. Willi-Food. Is Alexander Granovsky, who…
Beam Wallet introduces contactless payment in Middle East
The rollout of the Beam Wallet contactless experience begins in the UAE, with more than 1,100 retail outlets now operating…
Dubai's Abraaj buys stake in Turkish online retailer
Private equity firm Abraaj Group has bought a minority stake in Hepsiburada.com, one of the largest online retailers in Turkey,…