Carrefour and HSBC Partner to bring payment instalment plan to customers
Carrefour has announced a partnership with HSBC Bahrain to offer customers a 3 to 12-month HSBC Flexi Instalment Plan on…
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Sharjah Islamic Bank's net operating profit increased 26%, net profit 15%
Sharjah Islamic Bank has announced an increase in its operating profit before provisions by 25.6%, amounting to AED 417.3 million for…
The evolving and complex tax landscape: transformation and risk mitigation in the new reality
The tax ecosystem of the GCC countries was once considered quite simplistic. It had minimal requirements for corporates and individuals…
HSBC collects five Euromoney Middle East Awards
HSBC has collected five awards at the 2021 Euromoney Middle East Awards for Excellence, including the Middle East’s Best Bank…
Syria's Assad says funds frozen in Lebanese banks biggest impediment to investment
Syrian President Bashar al-Assad said on Saturday the main impediment to investment in the country was money stuck in ailing…
Global sukuk issuance hits record $100bln in H1 2021- Refinitiv
Sukuk issuance gained momentum in the first half of 2021 as total issuance reached $100 billion compared to $88.7 billion…
Dubai’s Mashreqbank applied for Saudi banking license
Mashreqbank has applied for a banking license in Saudi Arabia and is seeking to enter the Omani market, Ahmed Abdelaal,…
Licencing regime introduced for UAE’s retail payments service providers
The Central Bank of the UAE on Saturday unveiled the Retail Payment Services and Card Schemes Regulation, the fourth regulation…
Dubai Islamic Bank wins latest round of ongoing legal tussle with NMC's administrators
Dubai Islamic Bank on Sunday said it remained committed to the restructuring of NMC Healthcare but said the process "must…
Standard Chartered appoints CEO for global Islamic banking arm Saadiq
Standard Chartered has appointed Khurram Hilal as Chief Executive Officer of Standard Chartered Saadiq, the Bank’s global Islamic banking arm.…
McLaren raises £550m and adds Saudi Arabian wealth fund as investor
McLaren has raised £550m in a deal that makes Saudi Arabia’s Public Investment Fund a minority shareholder in the supercar…
ING appoints head of WB Middle East
Sebastian Frederiks has been appointed head of Wholesale Banking for ING in the Middle East, effective from 15 July 2021. …