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UAE Court Sentences Abraaj Group's Naqvi In Absentia

Banking - Published date: .

Arif Naqvi, the founder of defunct Dubai-based private equity firm Abraaj Group, was sentenced in absentia to three yea... Read more

Egypts Fawry Surges In Trading Debut In Cairo

Banking - Published date: .

The first company to make its trading debut on Egyptian Exchange (EGX) this year, Fawry for Banking & Payment Techn... Read more

Ithmaar Holding Net Profit Up 20.4 Per Cent In H1 2019

Banking - Published date: .

Ithmaar Holding has reported a net profit of $13.03 million for the six-month period ended 30 June 2019, a 20.4 per cen... Read more

Bank Muscat Partners With OIFC Khedmah To Provide RDC Solution

Banking - Published date: .

Bank Muscat has partnered with Oman Investment & Finance Company Khedmah (OIFC) to allow OIFC to be linked to banks... Read more

OAB Signs Up As Official Training Employer With ICAEW

Banking - Published date: .

The Oman Arab Bank (OAB) partnered with ICAEW, becoming the first bank in the Sultanate to be recognised as an authoris... Read more

Saudi Arabia Discuss Options To Halt Oil Slide With Producers

Banking - Published date: .

Saudi Arabia has contacted other oil producers to discuss possible policy responses as oil prices slide to a seven-mont... Read more

ADNOC Acquires 10 Per Cent Stake In VTTI Oil Storage Business

Banking - Published date: .

The Abu Dhabi National Oil Company (ADNOC) has agreed to acquire a 10 per cent stake in VTTI, a Vitol-backed global ene... Read more

Bahrain's Investcorp Posts Five Per Cent Increase In Annual Profit

Banking - Published date: .

Bahrain-based Investcorp has posted an annual net income of $131 million, a five per cent increase compared to $125 mil... Read more

Saudi-backed SoftBank Profit Beats Highest Estimate As Vision Fund Delivers

Banking - Published date: .

SoftBank Group reported first-quarter profit that beat the highest analyst estimate thanks to valuation gains from Visi... Read more

TBI Seeks To Lift Revenues To 30 Per Cent By 2022

Banking - Published date: .

The Trade Bank of Iraq (TBI) has achieved another consecutive year of expansion and growth with an increase in revenues... Read more

StanChart Private Equity Spinoff Plans Middle East Investment

Banking - Published date: .

Affirma Capital, the private equity spinoff of Standard Chartered plans to complete at least one acquisition in the Mid... Read more

DIFC-based Insurtech Firm Secures New Blockchain Deal

Banking - Published date: .

Dubai International Financial Centre-based (DIFC) Addenda has signed five regional insurance firms to its new blockchai... Read more

KIZAD Cuts Fees For Over 75 Per Cent Of Its Services To Boost Investment

Banking - Published date: .

Khalifa Industrial Zone Abu Dhabi (KIZAD) has waived the charges for over 75 per cent of its services to encourage furt... Read more

Bahrain Mumtalakat Company Appoints New CEO

Banking - Published date: .

The Board of Mumtalakat, the sovereign wealth fund of Bahrain, has appointed Khalid Al Rumaihi as the new Chief Executi... Read more

Turkey Inflation To Hit A Bump As Central Bank Tees Up Rate Cuts

Banking - Published date: .

A slowdown in Turkish inflation probably took a pause as the government rebuilds its coffers with higher taxes while th... Read more