Bahrain's Islamic Banking Sector Projected to Grow Jolted By M&A
The market share of Islamic banks in Bahrain is expected to increase in 2021-2022 after reaching 37.1% of domestic banking…
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Kuwait Finance House Spearheads RegTech in the GCC with Expanded Partnership with Codebase Technologies
Codebase Technologies has been selected by Kuwait Finance House Bahrain to expand the bank’s digital market leadership with a streamlined…
Turkish central bank alters name of key survey, citing forecast confusion
Turkey’s central bank revised the name of a benchmark survey of economic forecasts saying its title had created confusion among…
Despite COVID-19, Global Financial Wealth Soared to Record High of $250 Trillion in 2020
Global financial wealth reached an all-time high of $250 trillion in 2020 as household savings rose and markets showed unexpected…
CBUAE Governor chairs Islamic Finance Services Board Council
His Excellency Khaled Mohamed Balama, Governor of the Central Bank of the UAE, today chaired the 38th Islamic Finance Services…
The rise of using cryptocurrency in business
An increasing number of companies worldwide are using bitcoin and other digital assets for a host of investment, operational, and…
Emirates Development Bank successfully closes $750 million five-year bond
Emirates Development Bank [EDB], a key financial enabler of the country’s economic diversification and industrial transformation agenda, has succesfully closed…
Digitalisation is critical top tax compliance in the Middle East
Tax regimes worldwide are getting stricter and more digitally advanced – pushing organisations to explore a range of new risk…
Alinma Bank hires JPMorgan Saudi Arabia for riyal sukuk
Alinma Bank has mandated Alinma Investment Company and JPMorgan Saudi Arabia to sell a sukuk in Saudi riyals. The…
UAE central bank unveils whistleblowing portal
The Central Bank of the UAE (CBUAE) has introduced a whistleblowing portal to allow internal and external stakeholders to anonymously…
Bahrain’s GFH is on the ball in buyout plan for Khaleeji Commercial Bank
Bahrain-based investment company GFH Financial Group gave a stellar performance for the first quarter, with earnings per share at $0.53…
Doha Bank to host virtual client conference on Qatar’s economic development and opportunities
In the light of dynamic market conditions amidst COVID-19 recovery, Doha Bank will host an interactive virtual client conference titled…