First Abu Dhabi Bank receives Oman CMA custody licence
First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s biggest financial institutions, announced that it…
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UAE conducts cyberattack simulation on banking sector
The UAE Central Bank conducted the first-of-its-kind cyberattack simulation exercise to test the resilience of the country’s banking sector against…
What is a top consideration for wealthy families from the Middle East?
Succession and estate planning is increasingly a top consideration for families from the Middle East. While structures are being set…
COVID has worsened inequality even as the rich thrive: Oxfam
The 1,000 richest people on the planet recouped their COVID-19 losses within just nine months, but it could take more…
StashAway announces Assets under Management of US$1billion
StashAway, Southeast Asia's largest and fastest-growing digital wealth manager for both retail and professional investors, has announced that they're managing…
QIB voted ‘Best Islamic Bank in Qatar’
For the second consecutive year, Qatar Islamic Bank (QIB) has been recognised as the ‘Best Islamic Bank in Qatar’ by…
Borrowers from ODB benefit from loan deferment
A total of 2,800 borrowers from Oman Development Bank (ODB) benefited from loan deferment and more than 8,000 emergency loans…
Looking for the best investment option? Oman REIT Fund could be the best bet
With the launch of the OMR65.48 million Oman REIT Fund, and its OMR26.1 million initial public offering (IPO) that can…
Saudi Arabia names Fahad al-Mubarak as new central bank governor
Saudi Arabia's king appointed Fahad al-Mubarak as central bank governor, his second stint in one of the most sensitive positions…
Bahrain-GCC trade hit $5.7bln in 2020 despite COVID-19 restrictions
Bahrain-GCC trade reached $5.7 billion in 2020, accounting for 25 per cent of Bahrain’s global bilateral trade for the year…
Dubai prime house market records $8.03bln deals in 2020
Dubai’s prime residential market recorded Dh29.54 billion worth of transactions in 2020 notwithstanding the challenges posed by the pandemic. …
Burgan Bank Intends to Redeem KD100 Million, Subordinated Tier 2 Bonds Issued in 2016
Kuwait’s second largest conventional bank by asset size – successfully placed US$500 million Subordinated Tier 2 Capital Securities in the…