Solo Capital Partners, a hedge fund with offices in London and Dubai, is to be closed down, according to a statement on the firm’s website, amid reports of a probe into its activities by Danish prosecutors.
The Abu Dhabi Urban Planning Council (UPC) is moving forward with an initiative to create capital projects plan for the Al Gharbia and Al Ain regions in order to ensure that the objectives for the future of the emirate are met.
The Kuala Lumpur-based Islamic Financial Services Board (IFSB) plans to develop guiding principles for capital markets and insurance, seeking to encourage regulatory consistency across new and established markets, its secretary general said.
The Bahrain Bourse has approved the amendments on the listing requirements of the listed shareholding companies effective within six months.
Upon the approval of the Central Bank of Bahrain (CBB), the bou
Standard Chartered has held talks with bankers on raising at least $4 billion as UK reglators tighten scrunity on lenders with exposure to emerging markets in a second round of stress tests, Bloomberg reported on Thursday.
Bahrain Islamic Bank (BisB) shareholders has approved reduction in the bank’s issued and paid-up capital to write off accumulated losses. The extraordinary general meeting at the bank’s headquarters in Al Salam Tower, Diplomatic Ar
Italian oil contractor Saipem said on Wednesday it will ask investors for up to 3.5 billion euros ($3.86 billion) of fresh capital to help it weather the oil service recession and plot a path to recovery as main investor Eni takes a step back.
Shareholders of Kuwait's Jazeera Airways have approved a board recommendation to reduce the company’s capital from KD42 million ($138.8 million) to KD20 million ($66 million), following its exit from the aircraft leasing business.
Renaissance Capital, a leading emerging and frontier markets investment bank, has appointed Mohamed Zeinelabedin as its vice president, Mena research analyst covering consumer and retail sectors for its growing Middle East and North Africa (Me