Ex-UBS Banker Said To Lead Bid For Abraaj Funds
Sources say boutique investment firm founded byYassine Bouhara is bidding to buy funds managed by the collapsed Abraaj G... Read more
DIFC-based Finance Firm Has Licence Suspended By Regulator
Dubai Financial Services Authority stops Rasan Capital Limited from operating for 12 months Read more
UAE Social Media Payments App Zbooni Secures New Funding
Zbooni says funding has been committed by Chalhoub Group and B&Y Venture Partners Read more
Saudi Banking Sector Shows Strong Growth
Latest KPMG report reveals increase in net profit and total assets Read more
Moody's Warns Of 'funding Squeeze' In Oman
Ratings agency says the risk of a slow and progressive erosion in government deposits is on the rise Read more
Dubai's GuestReady Seeks Growth After Securing New Funding
GuestReady Group, a short-term rental management company, says it plans to use funds to fuel growth in GCC, Europe and A... Read more
Facebook Unveils Libra, Its Global Cryptocurrency
US social media giant says cryptocurrency move is aimed at creating a low-cost global payment system Read more
Saudi Investments In US Bonds Increase To $170bn
The Institute of International Finance estimates the Public Investment Fund's assets at around $300 billion Read more
Saudi Aramco To Peel Back Financial Veil With August Earnings Call
State oil giant Aramco is preparing to host its first earnings call in August to discuss half-yearly results Read more
Why A Second Merger Wave May Hit UAE Lenders
Bloomberg Intelligence report say banks in the UAE are seeking to improve profitability and tackle inefficiencies Read more
Abu Dhabi's Waha Capital Names New Managing Director
Mohamed Hussein Al Nowais previously held roles at ADIA and at JP Morgan in New York Read more
Saudi, Abu Dhabi And Oman Said To Be In Talks With SoftBank Over New $100bn Fund
SoftBank's first Vision Fund has stakes in many of the world's leading technology companies, including Uber and WeWork Read more
Self-service Kiosks Launched To Ease UAE Tax Refund Process
Kiosks added to UAE ports to fully automate procedures for the Tax Refunds for Tourists Scheme Read more
DIFC Insolvency Law To Come Into Effect On August 28
Dubai ruler enacts new DIFC Insolvency Law to balance the needs of all stakeholders in distressed and bankruptcy related... Read more
Emirates NBD Reveals Expo Package For SMEs
Preferential business banking to be offered as part of Expo 2020's Dubai Online Marketplace Read more