Look Who's Talking: The Gulf's $1trn Bank Merger Bonanza
More than 20 Gulf financial institutions with total assets exceeding $1 trillion are in merger talks Read more
Dubai Free Zone Waives $9.5m Fines For Firms Amid Tolerance Push
Jebel Ali Free Zone says it will waive fines owed by its businesses as part of the Year of Tolerance initiative Read more
Developers Secure $1bn Financing For Sharjah Power Project
Financing has been secured for the 1.8 gigawatt Hamriyah Independent Power Company in Sharjah Read more
Saudi Arabia's Central Bank Fines 16 Banks For Violating 'responsible Finance Principles'
Saudi central bank said violations related to the ratio individuals were made to pay from their monthly income when obta... Read more
Saudi Arabia Deposits $250m In Sudan's Central Bank
The UAE said on April 28 it was depositing $250 million in Sudan's central bank Read more
As Bitcoin Gyrates, Less Euphoria In Evidence At Blockchain Gathering
The volatility in bitcoin prices as especially troubling for some observers Read more
Oman Said To Mull Multi-billion Dollar SoftBank Fund Investment
Japanese conglomerate SoftBank reportedly negotiating with Oman for an investment of several billion dollars in its Visi... Read more
UAE Car Rental Service Secures $5m Funding To Drive Expansion
Udrive, the app-based pay-per-minute car rental service, has announced a $5 million Series B round of funding Read more
UAE's Largest Bank Launches Saudi Ops With Riyadh Branch
First Abu Dhabi Bank has officially inaugurated its Saudi Arabia operations by opening its first branch in Riyadh Read more
Abu Dhabi's Man City Named England's Most Valuable Club
Premier League champions Manchester City, owned by Abu Dhabi, are valued at $3.07bn ahead of rivals United Read more
Emails Reveal US Investor Warned Months Before Abraaj Collapse
At least two senior executives of Hamilton Lane Inc received an anonymous email in September 2017 advising them not to i... Read more
Saudi Wealth Fund Looks To China Amid Global Ambitions
Public Investment Fund managing director says keen to accelerate Asia growth, sees 'a lot of potential' Read more
Former Abraaj CEO Arif Naqvi Granted $20m Bail By London Court
Former Abraaj boss gets bail despite worries by prosecutors that he may flee to Pakistan rather than face US fraud charg... Read more
New UAE Banking Group Unveiled With $115bn Assets
ADCB Group starts operations following the merger of Abu Dhabi Commercial Bank and Union National Bank and acquisition o... Read more
Former Abraaj Exec Granted $10m Bail Bond In New York
Mustafa Abdel-Wadood was placed under house arrest at a New York apartment Read more