1MBD scandal: Kuwait royal family member arrested for money laundering
Sheikh Sabah Jaber Al Mubarak Al Sabah, son of the former prime minister, and his business partner Hamad Al Wazzan,…
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Dubai announces new economic stimulus package worth Dhs1.5 billion
Under the directives of Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed…
Banks in Egypt hedge against COVID-19 despite Q1 profit decline
Banks operating in Egypt are hedging against the expected repercussions of the novel coronavirus (COVID-19), by making provisions and increasing…
QIB launches new mobile app for its corporate customers
Qatar Islamic Bank has launched a new mobile application, the QIB Corporate App, which is specifically designed to address the…
Maktoum bin Mohammed issues Decision appointing DFSA Board
Saeb Eigner reappointed as Chairman of Board; Fadel Al Ali appointed as Deputy Chairman His Highness Sheikh Maktoum bin…
HSBC Bahrain names Christopher Russell as new CEO
HSBC has appointed Christopher Russell as its new chief executive in Bahrain, succeeding Melika Betley, who was previously appointed as…
Emirates NBD’s capital issuance creates more buffer against impairments
Emirates NBD’s recent issuance of $750 million Additional Tier 1 (AT1) capital will boost its buffer against a potential surge…
Offshore jurisdictions can soothe investor concerns
Investors have been looking for jurisdictions that can offer stability without regulatory, legal or economic surprises. Research by Jersey…
Real estate payments using Bitcoin on the rise in Dubai
The use of Bitcoin for real estate transactions is rising in Dubai, but it takes a complex system of middlemen…
FinTech can help the Islamic finance sector to innovate and grow
FinTech has spurred the evolution of the Islamic finance industry over the last year. It helps to address a need…
UAE provided financial facilities worth Dhs5.8bn to non-profit organisations in Q1 2020
The Central Bank of the UAE has said that the value of financial facilities provided to non-profit organisations and the…
A deep dive into Turkey’s latest credit boom
Turkey’s credit boom that started towards the end of last year has been turbocharged in recent months and this should…