General Atlantic joins push for Middle East sovereign wealth
Some of the private equity industry’s biggest names are expanding in the Middle East to develop closer ties with the…
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UAE, Egypt, Jordan, Bahrain sign industrial deals worth $2bn
Companies from the UAE, Egypt, Jordan and Bahrain have signed industrial agreements, with an investment value crossing $2bn. The…
Banks, real estate shares weigh on Saudi; insurer lifts Qatar
Major stock markets in the Gulf ended mixed on Sunday, with Saudi Arabia’s index pressured by real estate and banking…
Qatar Central Bank issues QR 1 billion treasury bills due on March 2
Qatar Central Bank issued treasury bills worth QR 1 billion for a one-week term in February, due on March 2,…
Bank credit in Oman grows 4.8% to RO29.2bn in 2022
Oman’s banking sector recorded an year-on-year credit growth of 4.8 per cent last year but deposit growth sharply slowed to…
'Embezzled' Lebanese cash in Swiss banks: media report
Banks in Switzerland are holding a substantial amount of the millions of dollars Lebanese central bank chief Riad Salameh is…
Investment Corporation of Dubai joins forum of sovereign wealth funds
Investment Corporation of Dubai, the investment arm of the Government of Dubai, has become a full member of the International…
KKR Appoints Johannes Huth Chairman of EMEA
KKR has announced that Johannes Huth, Partner & Head of KKR EMEA, has been named Chairman of EMEA. In…
Dubai’s Mashreq approves $490mln dividend after profit nearly quadruples
The shareholders of Dubai’s Mashreq have approved a recommendation to distribute a cash dividend worth 1.8 billion UAE Dirhams ($490…
UAE watchdog seeks views on family office regulation shake-up
The Dubai Financial Services Authority has launched a consultation on the changes to family office regulation in the Dubai International…
Instagram influencer Sergey Kosenko launches property brokerage firm in Dubai
A social media influencer is trying his hand at selling/marketing property in Dubai – and he’s launched a company to…
Lebanon central bank governor charged with money laundering – judicial source
BEIRUT: Longtime central bank governor Riad Salameh, his brother Raja and one of his assistants have been charged with money…