Global fund firms fret over UAE fee structure
International funds selling investments in the UAE plan to lobby financial regulators to ease new product registration fees which they…
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Bank of Beirut to implement Dion's FATCA compliance solution
Bank of Beirut has announced that it will be deploying Dion Global Solutions’ FATCA TRAC application to assist with its…
Barclays UAE freezes retail bank accounts
Barclays UAE has started closing the retail customers’ accounts and is expected to freeze approximately 1,500 personal and business accounts…
Oman’s new Islamic bank opens for business
Islamic banking services could make up to 20 per cent of the country’s overall financial services sector in the future,…
UAE bourses merger likely to be announced in December
The merger of UAE’s bourses seems to be have been agreed to by the two stock exchanges and is now…
Enormous opportunities in Qatar asset management: QFC Authority
With the volume of Assets under Management in the Mena region multiplying over the past few years, the role of…
ADIB expands Gold Centre network to serve banking needs of affluent clients
Abu Dhabi Islamic Bank has opened its eighth "Gold Centre", expanding a network that provides specialised banking services to its…
Wealth-X Reveals Middle East's Wealthiest Billionaires
The wealthiest man in the Middle East is Saudi prince and billionaire investor Alwaleed bin Talal with an estimated personal…
Habas bond trustee seeks liquidation
The petition to the court was made after the UK's Duet Asset Management withdrew from the debt settlement reached with…
Baker & McKenzie acts for Almarai Company on Gulf's first non-bank hybrid Sukuk
This was the first hybrid Sukuk issuance to have originated from the Saudi market and the first hybrid Sukuk to…
Private Banking Special: Pierre Masclet, Credit Agricole Suisse
The private banking unit of Swiss bank Credit Agricole Suisse has a long history in the Middle East; it even…
Al Izz Islamic Bank Launches its Operations
Hamoud bin Sanjour al-Zadjali, Executive President of the Central Bank of Oman (CBO) launched Al Izz Islamic Bank Operations, which…