Latham & Watkins helps spin out Egypt’s new banking law
As part of the Republic of Egypt’s ongoing economic reform, the Central Bank of Egypt (CBE) has established new banking…
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Fitch revises Bank ABC’s outlook to stable
Bank ABC said that Fitch Ratings has revised its outlook to stable from negative, while affirming the Long-Term Issuer Default…
Oman’s top banks see 34.2% decline in H1 profits: Report
A majority of Oman’s banks are feeling the impact of tightening operating conditions, according to a report by multinational professional…
SMEs, COVID-19 and impact investment for digitalization
“COVID-19 has put a lot of strain on our society and on economies around the globe. To help small…
UAE's listed companies are keeping close tabs on their expenses
In the view of tumultuous corporate climate in the UAE, investors should make more of an effort to scrutinize the…
Barwa Bank rebrands into Dukhan Bank, eyes ambitious business and digital transformation
Barwa Bank, has announced its rebranding into Dukhan Bank, effective October 2020. The announcement that was made on October…
Dubai based Fintech Rise Launches New Platform for Affordable Remittance or Cross-Border Payments
Dubai-based Fintech firm Rise has launched a new platform that allows expatriate workers to make low-cost or affordable remittance payments.…
Islamic Corporation for the Development of the Private Sector Completes Pricing for a 5-Year USD 600 Million Sukuk Issuance
The Islamic Corporation for the Development of the Private Sector, has announces successful completion of the pricing of a five-year…
BNY Mellon Expands in Saudi Arabia, Partners With NCB Capital
As part of its efforts to expand presence outside the United States and increase share in asset servicing, The Bank…
E-Commerce Platform Noon to Partner With Mashreq Bank to Transform Online Shopping in UAE
The joint venture will combine Mashreq’s digital banking capabilities and noon’s e-commerce platform in the regional market, ensuring that customers…
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). …
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…