Forbes Middle East Reveals The Top 50 Banks In The Middle East 2021
Forbes Middle East has unveiled its “Top 50 Banks In The Middle East” list featuring the region’s banking powerhouses that…
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Kuwait’s Ahli United Bank lists $600mln sukuk on Nasdaq Dubai
Nasdaq Dubai welcomed the listing of a US$600 million Sukuk by Ahli United Bank, one of Kuwait’s leading financial institutions.…
SH Capital secures DIFC brokerage licence to empower SMEs
SH Capital has been formally granted its Category 3A Dubai International Financial Centre licence, allowing them to begin trading imminently.…
QNB named ‘Best Sub-custodian Bank in Qatar’
QNB Group, the largest financial institution in the Middle East and Africa, has won the prestigious award of the “Best…
Abu Dhabi Commercial Bank shareholder sells $300m stake
An investor in Abu Dhabi Commercial Bank has sold its entire stake in the lender for about 1.1 billion dirhams…
World Bank forecasts Qatar economy to post GCC’s best growth rate of 4.5% in 2023
Qatar's economy will grow 3% this year, 4.1% in 2022 and at the GCC’s best rate of 4.5% in 2023;…
Saudi Arabia to Form Entity With $29 Billion in Equity Holdings
Saudi Arabia will combine two state-run pension and unemployment insurance funds into an entity with almost $29 billion of local…
Lebanon's banks stuck in reverse: jobs go, lending dives
Lebanon's banks, which once powered the economy by sucking in billions of dollars of deposits from abroad, are shedding staff,…
Bain & Company creates a more sustainable, equitable and inclusive world
Bain & Company has announced the launch of FurtherSM, it’s integrated suite of ESG capabilities to deliver the firm’s collective…
Changes to the UAE Foreign Ownership Laws
In September 2020, the UAE Cabinet of Ministers (the Cabinet) issued Law No. 26 of 2020 (the Amendment) which amended…
UAE's new capital rule could trigger further bank M&A in 'overbanked' market
A new capital rule for banks incorporated in the United Arab Emirates will likely add pressure on smaller banks and…
Visa appoints senior vice president to lead Gulf Cooperation Council region
Visa has announced the appointment of Dr. Saeeda Jaffar as Group Country Manager, and Senior Vice President, for its operations…