UAE Central Bank Says StanChart Can Face Legal Action
The bank had agreed to close some customers' UAE accounts in an anti-money laundering settlement with US regulators announced on…
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$25M Bahraini Judgment Valid In Pa., Appeals Court Rules
The Pennsylvania Superior Court ruled Wednesday that a $25 million judgment entered in Bahrain against a group of currency traders…
Bank Sarasin-Alpen to appeal DIFC court ruling on miss-selling
The Dubai International Financial Centre Court (DIFC Court) on Thursday ruled in favour of Al Khorafi, a prominent Kuwait-based business…
Dubai’s Atlantis, The Palm Set To Refinance $880 Million Loan
Dubai’s iconic island resort, Atlantis, The Palm, owned by Investment Corporation of Dubai (ICD) is looking to reprice or refinance…
Standard Chartered faces UAE action over shutdown
Standard Chartered is facing legal action from the authorities in the United Arab Emirates days after the lender was told…
National Bank of Abu Dhabi targets debt finance domination
National Bank of Abu Dhabi is set to embark on a hiring push as it makes its bid for the…
Dubai eases fund manager restrictions
Dubai has eased its restrictions on asset managers in what appears to be a move to attract more hedge funds…
London counts on safe-haven appeal for Middle East real estate investors
Standing in what will be a multimillion pound apartment on the thirtieth story of CIT’s new South Bank Tower scheme…
Dubai’s International Financial Centre in Bid to Lure Hedge Funds
Dubai’s financial hub is growing up. Since it was established a decade ago, the Dubai International Financial Centre has become…
A New Initiative for the Development of Islamic Microfinance
Keeping in view rising concept of Islamic microfinance all over the world, a platform is formed to promote Islamic microfinance…
BBK contributes BD 7500 to Bahrain Philanthropic Society
In line with BBK's strategic initiatives for a brighter community, Mr. Jamal Hijris- General Manager of Support Group welcomed at…
Turkey's Ziraat says ends acquisition talks with Bank Asya
Turkish state-run Ziraat Bank scrapped talks to acquire Bank Asya on Thursday, deepening concerns over the Islamic lender's future and…