Friday 22 June 2018
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


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


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


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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