The ban comes after the CSRD sentenced MMG founder Mohammad Al-Mojil and his son Adel Al-Mojil, the firm’s chairman, to five years in jail on Thursday. (Deloitte)
June 23, 2016 - 11:00 GMT
The global accountancy firm was banned from audit work for two years by Saudi Arabia’s market regulator in relation to the case against Mohammad Al-Mojil Group (MMG).
Qatar's Mayhoola also owns the Valentino label. (AFP/File)
June 22, 2016 - 13:30 GMT
Qatar's sovereign wealth fund has acquired the French couture company in a deal reportedly worth $522 million.
During the event
June 22, 2016 - 10:38 GMT
Oman Arab Bank (OAB) distributed over 500 food hampers to low income families in and around Muscat.
Corneliani was founded in 1958 and is one of Italy’s longest standing independent brands. (Corneliani)
June 22, 2016 - 08:30 GMT
The Bahraini investment firm continues its buying spree with its $100 million purchase of the 55 percent stake in the Italian clothing company.
Gulf Bank
June 22, 2016 - 06:29 GMT
Gulf Bank recently announced that it received two coveted awards from International Banker for ‘Best Commercial Bank’ and ‘Best Innovation in Retail Banking’ in Kuwait for 2016.
The AfDB is set to loan Egypt a total of $1.5 billion over the course of three years.   (F. Dubessy)
June 21, 2016 - 09:00 GMT
Egypt has renewed calls for the AfDB to disburse the second tranche of the three-part $1.5B loan before September.
June 21, 2016 - 07:08 GMT
The GCC Ministers of Finance held an extraordinary meeting on Thursday 16 June in Jeddah and approved in principle the Value Added Tax (VAT) and Excise Tax treaties.
Subroto Som, Head of Retail and Anindo Bhattacharya, Head of Direct Business
June 20, 2016 - 09:59 GMT
Mashreq has once again been recognized for its commitment to excellence in customer satisfaction, winning two awards recently at the Annual Insight Middle East Call Centre Awards 2016.
A potential combination of NBAD-FGB is expected to create the second largest bank in the Middle East after Qatar National Bank. (File photo)
June 20, 2016 - 06:00 GMT
National Bank of Abu Dhabi (NBAD) and First Gulf Bank (FGB) have confirmed talks of a possible merger that would see strong gains for both parties.
Bank Nizwa
June 19, 2016 - 11:22 GMT
Bank Nizwa is offering people the opportunity to pay their Zakat (almsgiving) and contribute with Sadaqah (charity) payments though two dedicated accounts.
Maachla distribution campaign
June 19, 2016 - 06:40 GMT
On the occasion of the Holy Month of Ramadan, Gulf Bank will be distributing “maachla” foodstuff boxes to families in need around Kuwait.
During the event
June 19, 2016 - 05:20 GMT
Doha Bank hosted a Suhoor event for its clients and partners recently at The Westin Doha Hotel & Spa.
Last April, Saudi Arabia and the United States had added a number of organizations on their lists of terrorist groups. (File photo)
June 16, 2016 - 13:30 GMT
The move is the latest in a series of financial measures spearheaded by the US against choking Hezbollah's finances.
Muscat Finance has achieved a net profit of OMR1.21 million for the first quarter of 2016, against OMR1.26 million for the same period of last year. (File photo)
June 16, 2016 - 11:30 GMT
The leasing and hire purchase company is seeking shareholder approval for the unsecured non-convertible subordinated bond issue on June 30.
During the event
June 16, 2016 - 08:28 GMT
FGB, one of the leading banks in the UAE, is celebrating after its Ferrari card was recognised as the ‘Best Premium Credit Card’ at the 2016 Smart Card and Payments Awards for the second year in a row.
Earlier this year 1MDB was embroiled in a corruption scandal alleging the transfer of almost $700m to Prime Minister Najib Razak. (MyTimes)
June 15, 2016 - 07:00 GMT
Abu Dhabi’s International Petroleum Investment Company and Aabar Investments have filed a $6.5B claim with the London Court of International Arbitration against the scandal-hit Malaysian state fund.