EFG Hermes issues 1st tranche of securitization bonds worth LE 700M for 3 companies
The Financial Group Hermes Holding (EFG Hermes) announced the successful completion of the issuance of the first tranche of LE…
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Most UAE residents would choose to invest spare cash in property
New research* from Quilter, the wealth manager, found that the most popular use for extra money would be to invest…
International consulting firm Tefen launches in Dubai
Tefen – an Israel-headquartered global management consulting firm – has announced the launch of a Dubai office, in a move…
Ahlibank names winner of Al Rabeh Savings Scheme
Following much anticipation, Mona M Al Khayyat was named as winner of December 2020 Mega cash prize Al Rabeh Savings…
HSBC launches Voice ID
HSBC has announced the launch of Voice ID in Qatar enabling retail customers to access their accounts by using their…
Emerging markets regional banks join CLSNet
CLS has announced that Alfa-Bank and First Abu Dhabi Bank have agreed to initiate onboarding to CLSNet, a standardized, automated…
Bahrain ranked first globally in transport and warehousing cost effectiveness: global ranking from fDi Intelligence
79 locations considered - Bahrain, UAE and Egypt all perform well in global rankings Testament to the success of region-wide…
Central Bank halts cash dividends at banks in anticipation of continued pandemic
Banks operating in the local market will not be obliged to make cash dividends from the year’s profits, or retained…
Ooredoo appoints new Director of Operations and Maintenance
Ooredoo has announce the appointment of Saleh Al Manhi as Director of Operations and Maintenance. Holding a Bachelor’s Degree…
Clyde & Co launches new regulatory & investigations consultancy with key senior hire in Dubai
Clyde & Co has announced the appointment of Neal Ysart as Lead Regulatory & Investigations Advisor to launch a new…
Why banks must accelerate digitisation
Well before COVID-19, the banking industry was grappling with huge challenges, including a frenetic pace of change; the pandemic only…
First Abu Dhabi Bank is once again tapping Formosa bond market for 1.5b yuan
Abu Dhabi's mega-bank is turning its attention to the Far East once again. First Abu Dhabi Bank has come up…