Islamic robo-advisor Wahed Invest has enlisted Sharia Review Bureau (SRB) to manage its sharia compliance covering client agreements, advisory terms and its portfolio of Islamic investment vehicles.

A number of central banks across the GCC have cut interest rates in a bid to maintain currency stability and to encourage greater investment.

There’s no doubt that Africa has been seen increasingly as an attractive prospect for inbound investment in recent years, with investors seeing real potential in the continent, particularly in the private equity, infrastructure and real estate asset classes, as it experiences strong economic growth.

Arif Naqvi, the founder of Mena-based buyout form Abraaj, has been handed a three year sentence in absentia by a UAE court over a case involving low cost airline, Air Arabia.

Just one week after announcing a record fine of $314 million on beleaguered buyout firm Abraaj, Dubai’s financial regulator has conceded that it is unsure how or if the record penalty can ever be imposed.