Saudi sovereign fund signs $15bn loan with 17 international banks
Saudi Arabia's sovereign wealth fund, the Public Investment Fund, announced yesterday that it had agreed to a $15 billion multi-currency…
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Summit discusses development of ‘Open Banking’ in Middle East
The 10th Annual Middle East Banking Innovation Summit held in Dubai explored the latest advancements in financial technology and banking…
UAE lender CBI seeks shareholder vote to boost capital
United Arab Emirates lender Commercial Bank International, which is partly owned by Qatar's National Bank, is seeking to increase its…
New digital authority aims to enhance automation, reduce duplication
The Saudi Cabinet on Wednesday approved a decision to set up the Digital Government Authority, which will lead to the…
Saudi banks to lead the sector’s post-pandemic recovery
The profitability of Saudi banks will surpass those of its GCC peers in 2021, despite low interest rates and the…
UAE sets up $10bn fund to invest in Israel
The UAE has established a $10 billion fund to invest in strategic sectors in Israel, state news agency WAM reported…
Six Bahrain-based CEOs in Forbes Middle East list
Six Bahrain-based top bosses have been featured on Forbes’ first list of Top 100 CEOs in the Middle East 2021.…
Dubai's Shuaa Capital board proposes first cash dividend after merger
Shuaa Capital said its board of directors has proposed a dividend of 3 fils per share totaling 76 million dirhams…
ADIB recognised at Gulf Customer Experience Awards for its digital transformation strategy
Abu Dhabi Islamic Bank (ADIB), a leading financial institution, was recognised for its leading digital banking services at the 2021…
Hapoalim net profit up 14% in 2020
Profit was higher last year, despite the pandemic, but mainly because of provisions to settle the US tax evasion probe…
Citi announces retirement of Atiq Rehman, Head of EMEA Emerging Markets Cluster
After 37 years with Citi, Atiq Rehman, Head of EMEA Emerging Markets (EM) Cluster, will retire from Citi. Atiq…
UAE businesses that must register in anti-money laundering systems
Referred to as designated non-financial businesses and professions (DNFBPs), they have been asked to register in the Financial Intelligence Unit…