Abraaj Holdings filed for provisional liquidation in the Cayman Islands in June
The Singapore bank is joining Citibank and other global lenders expanding wealth management operations in the region
The Bahraini regulator already requires Islamic banks to undergo independent external audits
The size of the deal was $1m, sold by Al Hilal to a private investor
The payments and foreign exchange company plans to sell at least 30 per cent of its shares to the public
IPIC has also filed a criminal complaint in the UAE against two former executives for allegedly accepting bribes
Beam will be expanded across all Majid Al Futtaim retail stores by next year
The agreement will see around 22,000 projects funded over five years with 28,000 jobs created for Jordanian youth
Previously, the credit report and score could only be purchased at the AECB customer happiness centres in Abu Dhabi or Dubai
Interest in digital solutions from banks and government fintech accelerators are expected to support the market
The bank now operates four full-fledged branches across three cities in the kingdom
Stock market data showed that qualified foreign investors were net sellers in the week to November 15
Several UAE banks are now supporting the payment method
The scheme will be implemented from Sunday, November 18, 2018, at the Abu Dhabi, Dubai and Sharjah International Airports
If it goes ahead, the mergercould create an entity with around $113bn in assets
The maximum cash amount that can be returned to a tourist for a 24-hour period is Dhs10,000
Unlisted Tilal sold the country’s first sukuk in 2013 through a private placement
The company also plans to launch a crypto-exchange that would include a Sharia-compliant component
A new law introduced last month abolished a cap
Foreign investors withdrew $1.7bn from Saudi stocks last month as Western leaders expressed concern over the killing
The auction, originally planned for late October, was delayed by a last-ditch attempt to reach a settlement
The IPO could value the firm at about $3bn
The company was one of 11 finalists for the inaugural DIFC FinTech Hive accelerator programme last year
The two banks have been in talks since earlier this year on a potential merger
The new law provides for alternative dispute resolution (ADR) and/or expedited local court process in the UAE
The ratings agency said fiscal imbalances were likely to persist in the region
The advisory firm will seek to trace an estimated $33m owed by Abraaj relating to the Infrastructure and Growth Capital Fund
The platform consists of over 200 APIs and 900 end points covering retail, corporate and SMEs
The deal comes as Dubai and other Gulf cities compete to establish themselves as regional powerhouses in fintech
The commercial bank, which includes trade finance, cash management and capital financing, reported profit of $199m in MENA in 2017