ADIB eyes sustained growth with 125% Q1 net profit surge
Abu Dhabi Islamic Bank said on Sunday that it is well-positioned for a period of sustained growth in 2021 on…
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Abu Dhabi’s TAQA completes $1.5bn dual-tranche bond sale
Integrated utilities company, the Abu Dhabi National Energy Company (TAQA), announced on Sunday the successful placement of an aggregate $1.5bn…
Central Bank of UAE issues specialised banks with low risk regulation
The Central Bank of the UAE (CBUAE) has issued a new regulation covering licensing, prudential and conduct requirements for banks.…
Bank of Sharjah Group reports Dh666 million consolidated net loss in 2020 from provisions in Lebanon
Bank of Sharjah Group reported a consolidated net loss of Dh666 million for 2020 after making significant provisions for its…
Saudi Arabia appoints new minister of economy and planning – SPA
Saudi Arabia’s king appointed Faisal al-Ibrahim as minister of economy and planning, state news agency SPA said on Monday. …
UBS Investor Sentiment survey: Cash holdings remain high but UAE investors plan to buy stocks
Fifty-eight percent of UAE investors are planning to increase stocks over the next six months while globally, forty-one percent of…
UAE introduces guidelines on anti-money laundering
The United Arab Emirates has issued new guidelines on anti-money laundering (AML) and combatting the financing of terrorism to raise…
HSBC to Standard Chartered predict demise of business travel for bankers
Jetting off at a moment's notice to visit clients was second nature for many investment bankers before the pandemic struck.…
Firms not complied to the UAE anti money laundering regulations to be penalised from May 1
The UAE Ministry of Economy announced the end of the extended grace period that it granted to Designated Non-Financial Businesses…
Moody’s affirms ratings of Masraf Al Rayan
Moody’s Investors Service (Moody’s) yesterday affirmed the long-term and short-term issuer ratings of Masraf Al Rayan (Masraf) at A1/P-1. At…
Female judges take on the banks in Lebanon
Two Lebanese judges, Ghada Aoun and Amani Salameh, have become overnight heroes in recent days for a generation of young…
Mashreq posts $11.71mln net profit in Q1
Leading UAE financial institution Mashreq reported on Thursday a Dh43 million net profit for the first quarter of 2021. …