Financial Weather: Top UAE in banks resilient despite fall in profit
The first-half profit of the top 10 listed UAE banks declined at an average of 38.9 per cent against their…
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BIS Innovation Hub and Saudi G20 Presidency announce TechSprint winners
Three winners of hackathon-style competition to highlight the potential of technology for regulators and supervisors announced. Winning firms FNA, Tookitaki…
What lockdown? Covid unlocks more wealth, millionaires in ME
The number of ultra-high net worth individuals (UHNWIs) - those with more than $30 million (Dh110 million) in net worth…
Regulator issues swift second rebuke of IFS Qatar
International Financial Services has incurred the wrath of its local regulator, the Qatar Financial Centre Regulatory Authority, for the second…
EBRD’s investments in Turkey to reach $1.7 billion this year
European Bank for Reconstruction and Development Vice President Jürgen Rigterink said Tuesday that the bank’s investments in Turkey are expected…
Emirates NBD launches digital Supply Chain Financing platform
As part of its ongoing digitisation strategy, Emirates NBD, a leading bank in the MENAT (Middle East, North and Turkey)…
How banks and insurers in Saudi Arabia are faring during Covid
While Covid-19 has understandably had a significant impact on Saudi Arabia’s financial services industry, the banking and insurance sectors have…
GCC banks to see a wave of mergers amid pandemic-driven economic slowdown, Moody's says
Banks in the Gulf region will increase merger and acquisition activity as they look to gain scale to offset the…
QIB named ‘Best Bank for SMEs in Qatar’ at Asiamoney Best Bank Awards 2020
Qatar Islamic Bank (QIB) has announced its recognition as ‘The Best Bank for SMEs in Qatar’ at the Asiamoney Middle…
Ambani sells over $750 million Reliance Retail stake to Abu Dhabi Investment Authority
Abu Dhabi Investment Authority, which invested $750 million in Indian telecom giant Jio Platforms in June this year, has returned…
Dubai's top court dismisses tycoon's $115m damages claim for superyacht
Dubai's highest court has dismissed a $115 million damages claim filed as part of a high-profile and costly divorce case…
Alvarez & Marsal to administrate NMC Healthcare in UAE
Alvarez & Marsal’s involvement in the NMC Healthcare case continues, as the firm is handed administration responsibilities for 36 of…