Saudi Arabia’s Open Banking Plan Aims To Advance Digital Innovation
The Saudi Arabian Monetary Authority is introducing an open banking policy to advance digital innovation in the financial services sector.…
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Saudi Alkhabeer Capital gets approval to up REIT asset value
Saudi-based Alkhabeer Capital said it had won approval from Capital Market Authority to increase the total asset value of its…
Bahrain in top 50 for online business setup
When it comes to the best places for setting up an online business, the Kingdom of Bahrain does pretty well…
Britain, Gulf could create Islamic superbanks, says top UK financier
Gulf banks could reach out to offer more services into Britain in the coming years, according to one of the…
Citi Unifies Global Wealth Management Business
Citi has announced that it has created a single wealth management organization, Citi Global Wealth, unifying wealth management teams in…
Bank ABC acquires Blom Bank Egypt for $480 million – sources
Bahrain’s Bank ABC completed its purchase of the Egyptian subsidiary of Lebanon’s Blom Bank for $480 million on Thursday, two…
Indonesia’s Ties With Bahrain Slowly Gather Steam
Over the past year, Indonesia’s ties with the Arab Gulf states have been in the spotlight, from Abu Dhabi’s recent…
Saudi Ministry of Finance inks $3b export financing pact with South Korean entities
Saudi Arabia's Ministry of Finance has secured a $3 billion export financing facility that would also come in handy in…
Oman’s Takaful Sukuk to launch $64.92m sukuk
The Capital Market Authority has approved the prospectus of the Mudharabah Sukuk of Takaful Sukuk LLC in favour of Takaful…
Naseej and Ithmaar Holding sign agreement to develop $105mn residential project in Bahrain
Naseej has signed an agreement with Ithmaar Holding to develop a $105 million residential project in the northern governorate area…
Dukhan Bank names winner of its QR1m Thara’a grand prize
Dukhan Bank yesterday announced Ameera Al Saadi as the winner of its QR1m Thara’a grand prize. The draw was…
Cyril Gourp appointed partner at Bain & Company Middle East
Global management consulting firm Bain & Company has promoted the Frenchman Cyril Gourp to its partnership in the Middle East.…