Dubai Mercantile Exchange (DME) has approved ING Bank’s Singapore brand to issues letters of credit (LCs) for trading on DME directly from Singapore to support customers in Asia.
This latest development is part of DME’
Bahrain-based BBK has announced the successful liquidation of its open-ended equity fund which was set up in partnership with Dutch financial group ING.
The liquidation of 'BBK-ING Mena Fund' follows an earlier decision by
Fund managers will rotate dedicated money out of Dubai and into Abu Dhabi, Qatar and Egypt in search of a safe investment haven, as the Gulf emirate delayed billions of dollars of debt obligations this week.
International fund managers say
Bahrain accused foreign banks of unethically piling pressure on Gulf currency pegs and warned it would 'take action' against anyone targeting its dollar-pegged dinar, a magazine reported, citing the central bank governor.
Bahrain cut inter