BBVA says commitment to Turkey unchanged, shares fall 6%
Spain’s BBVA on Monday said its commitment to Turkey was unchanged despite a 15 percent decline in Turkey’s lira to…
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Saudi Arabia creates database of privately financed projects
The Register of Privatization Projects is as a comprehensive central database of documents related to privatization projects, Hani Al-Sayegh, director…
DIFC wins membership in global financial centres' alliance
Dubai International Financial Centre has announced that its membership of the World Alliance of International Financial Centres has been unanimously…
UAE reveals $81bn industrialization plan
The UAE aims to increase its industrial revenues to 300 billion dirhams ($81.68 billion) over 10 years. Dubai Ruler…
Saudi fintech Geidea gets SAMA license to process payments
Saudi-based fintech company, Geidea, has acquired a license from the Saudi Central Bank (SAMA) that enables it to process end-to-end…
Dubai launches its first environmental satellite
DMSat-1, the emirate’s first nanometric environmental satellite, developed by Dubai Municipality in collaboration with the Mohammed Bin Rashid Space Centre…
The Middle East prepares for life after oil
Governments and wealthy families are accelerating the changes needed to safeguard their financial future. The global upheavals of the…
Banque Saudi Fransi goes live with Finastra
Banque Saudi Fransi has gone live with the latest version of Fusion Kondor, Finastra’s treasury management solution. The move…
Goldman’s Saudi Investment Bank Chief Said to Leave for PIF Role
Goldman Sachs Group Inc.’s head of investment banking for Saudi Arabia is leaving to join the kingdom’s sovereign wealth fund,…
Mashreq names new Group General Counsel
Mashreq Bank has appointed Marouf Mohamed Shweikeh as Group General Counsel, to manage the bank’s Legal Affairs reporting into the…
Nomura Appoints Global Head of FX & EM Sales and EMEA Head of FX & EM
Nomura has appointed Kevin Connors as Global Head of FX & EM Sales and EMEA Head of FX & EM,…
Are GCC banks ready to absorb further loan-loss shocks?
Rated GCC banks, which had set aside $10.9 billion of new loan-loss provisions in 2020 in the backdrop of the…