Mashreq names new Group Head of Compliance and MLRO
Mashreq has appointed Scott Ramsay as its new Group Head of Compliance & Bank Money Laundering Reporting Officer (MLRO). …
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Gulf markets – Saudi Arabia leads and the UAE retreats due
Most of the Gulf financial markets witnessed increases at the close today, Tuesday, led by the Saudi Stock Exchange, while…
UAE-Israel accord could bring new sparkle to Dubai diamond trade
The week that Israel and the United Arab Emirates normalized ties, Israeli diamond trader Zvi Shimshi headed to the United…
UAE gets a peer-to-peer payments app that lets you split bills with friends
When Leen Shami had to pay her share of the bill for a joint lunch order at the office, she…
UAE Top 10 Banks See Profits Drop by 38.9 Percent in H1'20, KPMG Report Finds
KPMG has released a report analyzing the results of the UAE's top 10 listed commercial banks for the first six…
Standard Chartered Bank fires its employees in the Emirates
A spokesman for Standard Chartered announced, Wednesday, that the bank will lay off some of its employees in the United…
UK woman tried to fly to Dubai with $2.44 million in cash in five suitcases
A woman who tried to fly from London’s Heathrow Airport with five suitcases stuffed full of bank notes worth 1.9…
UAE bank results for Q3 to come under pressure from bad loans, low margins
A week away from reporting the third quarter results, bankers and anlysts have indicated that the profits for the sector…
UAE Exchange Centre's 3,000 odd employees hope a Finablr takeover will do them good
The 3,000 odd employees of UAE Exchange Centre are starting to see a flicker of hope about their future after…
Saudi Arabia’s BinDawood Holding prices IPO
Saudi Arabian supermarket retailer BinDawood Holding has priced its initial public offering at SR96 ($25.59) a share. The retailer,…
Leading Jordanian Bank Drives Digital Banking Growth with Temenos
Jordan Ahli Bank goes live with Temenos Infinity to create new digital customer experiences and support instant onboarding; Rapid development…
Study: Europe oil majors fall short of UN climate goals
Europe’s top oil companies are not yet aligned with UN-backed targets to combat climate change despite their plans to slash…