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…
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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…
UAE’s economy shows remarkable ability to overcome repercussions of COVID-19 pandemic
In 2020, the UAE’s economy showed a remarkable ability to overcome the impacts of the coronavirus pandemic, with the Central…
UAE: The sky is the limit for gender reform
This year, the United Arab Emirates became the first country in the Middle East and North Africa region to introduce…
HSBC to phase out coal funding on shareholder pressure
HSBC bank on Thursday unveiled plans to phase out financing of the coal industry over the next two decades, bowing…
Canoe Expands EMEA Presence with New Clients, New Office and New Senior Hire
Canoe Intelligence has announced it has expanded its EMEA presence with new clients, a new London office and the hire…
Why UAE banks are in no rush towards consolidation
The UAE will witness an increased number of consolidations in the banking sector in the years ahead, according to experts…