Al Kasir Group claims to be backed by a Dubai royal family member
Abraaj has been trying to stem the fallout from a row with four of its investors
Alibabacoin said it has not been trying to piggyback off the Alibaba name
Saudi Arabia is planning to issue seven-year, 12-year and 31-year notes
Abraaj has denied money was misused in a $1bn healthcare fund
The issue of religious permissibility could help determine whether Islamic financial firms can invest in cryptocurrencies
If Saudi officials are relying on foreign fund inflows for Aramco they may be tempted to wait until early 2019
The injunction is the latest salvo in a complex legal battle in the UAE and Britain
Alibaba accused Alibabacoin of using its “single-minded focus to capitalise on plaintiff’s reputation for success”
An exclusivity agreement granted to the private equity firm to finalise the purchase expired on Monday
As digital payments continue to close the gap on cash across the GCC, what is the future of payments in the region?
The UAE’s huge expatriate workforce and growing business and tourism sectors have made it a global centre for exchanging foreign currencies
Citigroup, Deutsche Bank and Standard Chartered are arranging the issue, which will likely have a five year duration, according to sources
Gold had traditionally been classified as a currency in Islamic finance, confining its use to spot transactions
Each will invest EUR200m in businesses with growth potential across key sectors in Greece
The private equity firm is said to be in talks with Abu Dhabi Financial Group and international financial companies
The dividend would total about $95m, equivalent to 5 per cent of capital
Most local businesses do not have VAT capabilities already built into their IT systems
Turkish relations with the Gulf states have been strained since Ankara stood by Qatar
The new system encourages banks to consider a wider range of trades and counterparties when submitting quotes
Holders of Mada cards will be able to make digital purchases from early April
The bank said it had applied for a Saudi commercial licence last month
Arkan Bank will have an authorised share capital of $500m
A law firm working for the central bank of Qatar asked US regulators to investigate FAB’s US subsidiary
The proceeds from the issuance will be used for aircraft financing and working capital
The kingdom’s economy is expected to return to growth this year
All six member countries including Qatar have agreed to contribute initial capital
India emerged as the top receiving country for remittances in Q4
The Saudi government had targeted a market listing by the second half of 2018
The Opportunities Fund will make private equity investments in the US and Europe