New regulation ensures financial sustainability for insurance companies
The Capital Market Authority (CMA) has issued a new organisational regulation to organise the investment of the insurance companies’ assets…
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Stantec names Anas Kassem as Head of Middle East team
Anas Kassem joins the Canada-listed firm from rival WSP, where he spent over three decades across a range of roles…
KPMG leaders on Saudi's Q3 banking sector performance
Despite the Covid-19 induced downturn, the lending space in the Saudi banking sector has continued to book growth, in particular…
A roundup of BCG's Middle East CEO and Leaders Forums
The invitation-only event was opened by Joerg Hildebrandt, a German-origin senior partner at Boston Consulting Group and Head of the…
UAE’s loan growth and liquidity pick up pace in Q3-2020
Total credit in the UAE increased 0.8 per cent quarter-on-quarter, reaching Dh1.8 trillion at the end of September. On an…
Saudi NWC launches Makkah sewage plant operations
Saudi Arabia's National Water Company said it has started the operation of the Rabigh sewage treatment plant (STP) project being…
KFH–Bahrain appoints Hamed Mashal as new Head of Retail Banking
Kuwait Finance House – Bahrain announced the appointment of Mr. Hamed Yousef Mashal as Head of Retail Banking, demonstrating the…
Bank ABC wins 2020 Gartner Eye on Innovation Award
Bank ABC has been named the winner of the 2020 Gartner Eye on Innovation Award for financial services in Europe,…
QIB grants 18,000 Absher rewards points to mark Qatar National Day
Doha: Qatar Islamic Bank (QIB), the largest private Bank in Qatar, is celebrating Qatar National Day by rewarding customers with…
Al Salam Bank Bahrain and FlexxPay announce Sharia compliant solution
Riyadh-based FlexxPay, a social impact technology company with offices in Europe and the GCC, and Bahrain’s Al Salam Bank signed…
Israel’s Bank Hapoalim sees huge opportunities for UAE – Israel banking cooperation
The normalisation of relations between the UAE and Israel has opened huge opportunities for businesses and financial institutions from both…
UAE jails 6 expats, issues fines up to Dh160 million for money laundering
The Abu Dhabi Criminal Court has convicted six expats, and two companies owned by one of the accused, for committing…