Etihad to loan pilots to competing UAE airline Emirates

DUBAI, United Arab Emirates — Long-haul airline Etihad Airways will loan pilots to competing Dubai-based carrier Emirates under a new program, officials acknowledged Sunday, marking a rare co-operation between the two state-owned carriers who operate ... ( read original story ...)

JPMorgan to sell stake in Saudi Arabia bank for $203m

Dubai: JPMorgan Chase & Co plans to sell its stake in Saudi Investment Bank back to the Riyadh-based lender at a 24 per cent discount as it exits non-core holdings globally. Saudi Investment Bank signed an agreement to buy the 7.5 per cent stake ... ( read original story ...)

ADIB becomes first bank to join UAEIIC

Abu Dhabi Islamic Bank (ADIB), a leading financial institution, has joined the UAE International Investors Council (UAEIIC), making it the first bank in the UAE to become a member in the council. This comes following an approval from the board of directors ... ( read original story ...)

UAE, Saudi Arabia set to spur IPO boom

Provided by Khaleej Times UAE, Saudi Arabia set to spur IPO boom The initial public offering (IPO) activity in the Middle East is poised to pick up in the second half of 2018 after a slow start in the first half as the result of a privatisation drive ... ( read original story ...)

DFSA signs MoU with Astana Financial Services Authority

Dubai: The Dubai Financial Services Authority, DFSA, has entered into a Memorandum of Understanding with the Astana Financial Services Authority, AFSA. The MoU was signed in the Dubai International Financial Centre, DIFC, by Bryan Stirewalt, Managing ... ( read original story ...)

Investcorp’s Undisclosed Payments Didn’t Breach Deal: Court

Law360, London (June 22, 2018, 9:15 PM BST) -- The top appeals court for U.K. overseas territories has dismissed claims that Investcorp Bank BSC breached an agreement with a Dubai-based businessman who lost out when a series of leveraged hedge fund ... ( read original story ...)