Friday 25 July 2014
 
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Cayman Islands

MENAdrill signs $130 million finance deal

MENAdrill Investment Company (MIC), incorporated in Cayman Islands and principally promoted by First Energy Bank (FEB), has signed a three-year $130 million limited recourse Islamic financing with Gulf International Bank (GIB). The facilit

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Saudi Algosaibi 'wins damages claim'

The Grand Court of the Cayman Islands yesterday granted a default judgment in favour of Ahmad Hamad Algosaibi & Brothers (AHAB) against Maan Al Sanea, said a report. AHAB said it would now push for an assessment of damages for conspira

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DFSA inks Cayman Islands deal

Dubai Financial Services Authority (DFSA) said it has signed a co-operation agreement with the Cayman Islands Monetary Authority (CIMA), the single regulatory authority for banks insurance companies, mutual funds and securities business in the isl

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New Mayfair service targets female investors

Mayfair Wealth Management (MWM), a leading offshore investment advisory services provider based in the Cayman Islands, has launched a wealth management service targeting female investors in the Middle East. The new service Ameerah, a speci

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