The bank’s current CEO and COO will retire at the end of the year
The Securities and Commodities Authority said the platform would raise funding in a similar manner to collective project financing
The private equity group is currently undergoing a court-supervised restructuring
The arrest warrant was handed for issuing a cheque that bounced
A criminal case has been issued against the company’s founder, according to reports
Hedge funds dumped Bahraini bonds because of concern about the country’s rising public debt
A judge in Sharjah is reportedly scheduled to rule on the case on Thursday
The slump was led by losses in contractor Drake & Scull
Omar Lodhi and Selcuk Yorgancioglu will no longer serve as directors of the board of AIML
The framework aims to aid governance, oversight and transparency over crypto asset activities
JPMorgan International Finance will divest its holding by selling its shares back to Saudi Investment Bank
Abraaj filed for provisional liquidation last week
Colony Capital will acquire Abraaj’s Latin America, Sub Saharan Africa, North Africa and Turkey Funds management business
MSCI said 32 major Saudi stocks will gain emerging market status
The fee caps apply to charges for services such as home loans and late fees for credit cards
The potential incubators will expand upon the financial free zone’s existing FinTech Hive accelerator
Abu Dhabi Capital Management has reportedly offered $50m for the business
MSCI is expected to announce whether it will include Saudi in its emerging market index later this week
Salah Amin replaces Jamal Bin Ghalaita, who is retiring.
The move came after the US Federal Reserve raised its target range for the federal funds interest rate by a quarter point
The company sold its 5.4 per cent stake for about $52m
Japan’s Softbank Group will participate in the fund as a strategic investor
Palmex received the licence from the Central Bank of Bahrain
Auctus is the second creditor, after Kuwait’s Public Institution for Social Security, to start legal action in the Cayman Islands
Demand for Middle East private equity funds has been hurt by allegations that Dubai’s Abraaj misused investor money
The affected firms failed to regularise their activities during a grace period given by the bank
Abraaj, which bankers estimate has debt of about $1bn, is grappling with allegations that it misused investor money
Kuwait’s Public Institution for Social Security has reportedly refused to join other creditors in the debt freeze
Survey finds that 41 per cent of UAE respondents plan to start saving in 2018
Mashreq sees opportunities in consumer and corporate banking, sources said