Negative rating pressure on emerging market banks remains: Fitch
The outlooks on almost half of emerging market (EM) bank ratings remain negative, Fitch Ratings says in a new report.…
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Mastercard unveils new carbon calculator tool for banks
Amidst the growing trend toward eco-conscious spending and consumption among people who want to pursue more sustainable choices and practices,…
Bank Audi Egypt CEO steps down, Bank ABC chief to leave within days
Mohamed Bedir, CEO and Managing Director of Bank Audi Egypt, has submitted his resignation from his position at the bank,…
Mashreq Bank partners with Emirates Skywards to announce new Salaam rewards benefit powered by Points International
Global leader in powering loyalty commerce, Points, has announced that they have launched a new service with leading UAE financial…
Abu Dhabi Securities Exchange lists US$1 Billion Bonds Issued by Abu Dhabi Ports bonds
Abu Dhabi Securities Exchange has announced that it has listed USD 1 billion of bonds issued by Abu Dhabi Ports. …
Qatar's Commercial Bank to up stake in National Bank of Oman to 50.1%
Qatar's Commercial Bank said on Thursday it has made an offer to buy an additional stake of 15.2% stake in…
HSBC UAE launches Global Money Account on mobile banking
HSBC UAE customers can now hold, manage and send money globally in multiple currencies and in real-time through mobile banking…
Doha Bank wins two Global Good Governance Awards for 2021
Doha Bank has received two awards from the Global Good Governance Awards 2021 (3G Awards 2021), including the 3G Financial…
Sukuk growth may be blunted by UAE's tighter standards: S&P
The growth in shariah-compliant bond issuance this year could be hurt by complications arising from the UAE’s recent adoption of…
Emirates Development Bank, Commercial Bank of Dubai sign MoU on credit guarantee, co-lending program
The Emirates Development Bank has signed a Memoradum of Understanding [MoU] with Commercial Bank of Dubai [CBD] to offer Credit…
Dubai real estate lagging behind the global boom says Knight Frank
A supply glut that’s held down Dubai’s property prices for over half a decade will likely keep it on the…
UAE Central Bank initiates public consultation on 'enabling technology' for financial institutions
The UAE Central Bank, the Securities and Commodities Authority , Dubai Financial Services Authority, and the Financial Services Regulatory Authority…