Abu Dhabi Securities Exchange taps Nasdaq tech for new derivatives market
Abu Dhabi Securities Exchange has announced that it has taken a key step towards launching a derivatives market this year…
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Dubai's Meraas plans refinancing of $600m Islamic bonds
Dubai's Meraas Holding, a state-linked property developer, plans to tender its existing US dollar-denominated Islamic bonds for cash and issue…
Middle East's wealthy investors are focusing on tech, energy and financials, says Pictet
The COVID-19 pandemic has caused a shift away from traditional fixed income into assets such as private equity, real estate,…
Standard Chartered acts as sustainability coordinator on Majid Al Futtaim $1.5 billion Sustainability Linked Loan
Standard Chartered has supported Majid Al Futtaim, the leading shopping malls, communities, retail and leisure pioneer across the Middle East,…
Aster launches digital-first wealth management platform for MENA
Middle East wealth is expected to grow by 28%* by 2025 Market defining wealth platform to offer hyper-personalization at scale…
Bahrain's Investcorp announces completion of sale of PRO Unlimited
Investcorp has announced the completion of its sale of PRO Unlimited by Investcorp and funds managed by Harvest Partners, LP,…
Big bank earnings: Profits at UAE's major lenders reached $4bln in H1 2021
Profits at large UAE banks rose during the first six months of 2021 after a slight improvement in the operating…
Gilbert’s AssetCo appoints former SLA director
AssetCo, chaired by former Standard Life Aberdeen joint chief executive Martin Gilbert, has appointed a former SLA director to the…
Top UAE banks’ profits recover on easing provisions and economic recovery
Profits at large UAE banks rose during the first six months of 2021 after a modest improvement in the operating…
Millennium, Barclays Hire Ex-Bank of America Staff in Paris
Hedge fund Millennium Management LLC and Barclays Plc have hired a number of bankers who left Bank of America Corp.’s…
UAE financial institutions under pressure to increase IT security
Majority (82 per cent) of IT decision makers working in banks and financial service institutions (FSIs) in the UAE are…
Easing provisions drive solid recovery in UAE banks’ profits
Profits at large UAE banks surged during the first six months of 2021 after a modest improvement in the operating…