Oman's net wealth reaches $300bln in 2024, poised for steady growth
Real assets CAGR also decreased by 0.2%, reaching $197 billion. Liabilities remained stable at $13 billion in 2024 when compared…
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Bank Nizwa names Deputy Chief Executive Officer
Bank Nizwa, a leading Islamic bank in the Sultanate of Oman, has announced the appointment of Tariq bin Atiq as…
Commercial Bank launches Qatar’s first-ever Metaverse auto marketplace on CBQ Mobile App
Commercial Bank has launched Qatar’s first Metaverse-enabled Auto Marketplace on the CBQ Mobile App. Through this innovation, customers can…
Alaa AlMashhadi appointed BNY Saudi Arabia Country Manager
BNY has announced that Alaa AlMashhadi has been appointed as Managing Director and BNY Saudi Arabia Country Manager, effective immediately.…
Doha Bank issues USD150 million digital bond with instant settlement
Doha Bank has successfully listed its inaugural USD150 million Floating Rate Digitally Native Notes (DNN) on the London Stock Exchange’s…
Kuwait moves to crush bank fraud
Attorney General Saad Al-Safran announced the establishment of the Banking Affairs Prosecution Office, which specializes in investigating banking crimes, including…
UAE eases corporate tax regulations, introduces refunds for unused credits
The UAE government has issued a new Federal Decree-Law amending key provisions of Federal Decree-Law No. 47 of 2022 on…
ENBD names reshuffles senior wealth roles
Emirates NBD (ENBD) has rejigged its senior management, naming a new wealth management head. Rael Al Jaser has taken…
DIFC becomes top five global hub for hedge fund managers – over 100 hedge funds now registered in the Centre
Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region,…
Kuwait’s banking sector records strong growth in loans, deposits, and assets
Consolidated financial data for Kuwait’s banks for the first nine months of 2025 showed strong growth, with the sector’s loan…
Commercial Bank launches Qatar’s first-ever Metaverse Auto Marketplace on CBQ Mobile App
Commercial Bank has launched Qatar’s first Metaverse-enabled Auto Marketplace on the CBQ Mobile App. Through this innovation, customers can…
The UAE’s net wealth hits record high, reaching $3.12trln in 2024
The UAE’s financial wealth grew by 9.5% between 2023 to 2024, rising from $1.05 trillion to $1.15 trillion. Real assets…