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Fraud & Ethics

UAE anti-money laundering rule: Some businesses find compliance is no easy task

August 13, 2021

Businesses registered at some UAE free zones are getting penalty notices for failing to register with updated anti-money laundering (AML)…

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Executive Moves

Oliver Carter and Ryan Holmes join FTI Consulting in Middle East

August 12, 2021

FTI Consulting has appointed two new Managing Directors in its Middle East team. Both Oliver Carter and Ryan Holmes join…

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Regulation, Risk & Compliance

PwC Academy and Wiley expand collaboration into CFA domain

August 12, 2021

Big Four accounting and consulting giant PwC has expanded its Middle East partnership with education group Wiley.   PwC and…

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Comment & Analysis

Four graduates on KPMG Bahrain’s Jassim Fakhro Fund program

August 12, 2021

KPMG’s Jassim Fakhro Professional Development Fund program supports local talent in Bahrain with completing their professional accreditation in their respective…

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Financial Results

Amlak Finance posts of $53.67mln net profit in H1

August 12, 2021

Amlak Finance, a leading Islamic real estate financier, reported on Wednesday a net profit of Dh197 million for H1 2021,…

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Mergers & Acquisitions

Saudi Arabia approves merger of 32 firms to mitigate losses

August 12, 2021

Saudi Arabia’s General Authority for Competition announced that it has no objection to the merger of 32 companies and local…

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Hedge Funds & Alternative Investments

DP World to facilitate trade finance from DIFC in boost to SMEs

August 12, 2021

DP World Financial Services, a DP World company, is to begin facilitating access to trade finance for smaller companies as…

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Financial Results

Islamic real estate financier posts net profit of $53.6m

August 12, 2021

Amlak Finance, a specialized Islamic real estate financier in the Middle East, on Wednesday reported a net profit of 197…

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Financial Results

Zurich's life sales growth in EMEA 'mainly driven' in five countries

August 12, 2021

Zurich Group's life new business annual premium equivalent (APE) sales returned to growth, with an 11% increase on a like-for-like…

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Mergers & Acquisitions

Bahrain's ABC triples Egypt market share with BLOM unit takeover

August 12, 2021

Bahrain’s Arab Banking Corp has completed the acquisition of a 99.5% stake in the Egyptian unit of Lebanon’s BLOM Bank,…

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Comment & Analysis

GCC's post-COVID-19 economic recovery on track with UAE, Saudi in forefront

August 12, 2021

The UAE and Saudi Arabia are leading the post-pandemic economic recovery of the GCC, according to Washington based Institute of…

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Executive Moves

Farhan Faruqui appointed Chief Financial Officer

August 11, 2021

ANZ has announced the appointment of Farhan Faruqui as Chief Financial Officer reporting to CEO Shayne Elliott.   Having joined…

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