Reuters GFH Financial Group plans to list its Bahraini subsidiary Khaleeji Commercial Bank in Dubai and acquire a financial services company to increase shareholder value, GFH’s chief executive said. “We are hoping to list Khaleeji Commercial Bank on DFM (Dubai Financial Market), which will help increase the value of the bank, and to offer fee-based financial services, helping to ...

  EMIRATES BUSINESS IDB Infrastructure Fund II, sponsored by the Islamic Development Bank (IDB) and other institutional investors, has joined hands with AVIVO Group, one of the largest healthcare networks in the GCC, with 32 healthcare facilities. The IDB Infrastructure Fund II, with commitments of $750 million, invests in infrastructure opportunities across Asia, Middle East and Africa and it has ...

  Washington / AFP Struggling to make ends meet, millions of Americans resort to so-called payday loans whose costly charges can devastate personal finances. For the first time, the US government plans to implement a new rule that could limit the short-term, small-dollar loans that typically are due to be repaid on the borrower’s next payday. A proposed regulation is ...