Friday 14 December 2018

CBB issues draft rules on crypto-asset platform operators

The Central Bank of Bahrain (CBB) has issued, for consultation, the draft rules on crypto-asset platform operators which provides a regulatory framework for the licensing and supervision of crypto-asset services including those provided by a platform operator as a principal, agent and as a cust


Dubai non-oil private sector posts strong growth

Dubai’s non-oil private sector showed a stronger improvement in November with data reflecting faster expansions in business activity and new work and a stable trend in employment, said a report.   The three main sectors monitored all registered stronger pe


Goldilocks buys stake in Takaful Emarat - Insurance

Goldilocks Investment Company Limited today announced that it has acquired a 29.49 per cent stake in Takaful Emarat - Insurance.   This is Goldilocks’ second recent acquisition in the insurance sector.    "Goldilock


Saudi Venture Capital signs MoU with US investor Tim Draper

Saudi Venture Capital Company has signed a memorandum of understanding with American investor Tim Draper, one of the most important venture capital investors in the world, for the establishment of a venture capital investment fund.   The MoU was signed under the


Abu Dhabi Exchange lists $300m sukuk for Senaat

The Abu Dhabi Securities Exchange (ADX) and General Holding Corporation, Senaat, yesterday (December 9) rang the market opening bell to celebrate the listing of the first tranche of Senaat sukuk. Valued at $300 million (Dh1.1 billion), it is the first of its kind dual listing bet


Bahrain mulls 2 more IPOs

Bahrain may see two more initial public offerings (IPOs) in the next two years, Kamal bin Ahmed, Minister of Transportation and Telecommunications, has said.   Speaking on the sidelines of the bell ringing ceremony following the listing of APM Terminals' IPO


Sharjah 2019 budget sees $7bn spending

The UAE emirate of Sharjah has announced a budget with total expenses of Dh25.7 billion ($7 billion) for 2019, marking a 10 per cent growth in spending compared to its 2018 budget.   The budget projects an increase in spending on public safety as well as on capi


APM Terminals shares start trading on Bahrain Bourse

APM Terminals Bahrain, the operator of Bahrain’s Khalifa Bin Salman Port (KBSP), was today (Sunday, December 9) listed and traded on the Bahrain Bourse under the trading symbol APMTB, following a traditional ringing bell ceremony.   The ceremony was held i


Burgan Bank appoints CEO for Kuwait

Burgan Bank has announced today the appointment of Raed Al-Haqhaq as chief executive officer for its operations in Kuwait after obtaining approval from the Central Bank of Kuwait. Al-Haqhaq played a vital role in shaping and executing the strategic direction of Burgan Bank &ndash


DIFC eyes global FinTech hub status

Dubai International Financial Centre (DIFC) has made great strides in the FinTech space, cementing the emirate’s position as one of the world’s top 10 FinTech hubs and a preferred growth platform for startups and SMEs, said a senior official.   A lea

 1 2 3 > 

calendarCalendar of Events