All Articles

Executive Moves

New board of directors appointed to run Lebanon’s ‘corrupt’ state power company

July 8, 2020

Lebanon’s government finally appointed a new board of directors on Tuesday to control the state-owned electricity company.   Electricite du…

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Executive Moves

ODDO BHF AM appoints new Head of Sales

July 8, 2020

United Arab Emirates. With the appointment of Reza Yazdi as Head of Sales Middle East and by bringing a broaden…

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Executive Moves

Voya Investment Management Hires Tom Frost as Head of EMEA Insurance and Pension Solutions

July 8, 2020

Voya Investment Management has announced it has hired Tom Frost as head of EMEA Insurance and Pension Solutions.    Based…

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Comment & Analysis

Saudi Arabia is more optimistic than the IMF about its economy

July 7, 2020

Saudi Arabia, the Arab world’s biggest economy, does not share the International Monetary Fund’s outlook on the kingdom's economy and…

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Mergers & Acquisitions

Masraf Al Rayan-al khaliji potential merger will enhance combined entity’s franchise

July 7, 2020

The potential merger of Masraf Al Rayan and Al Khalij Commercial Bank (al khaliji) would maintain the combined entity’s (Masraf…

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Fraud & Ethics

Wirecard Probe Expands with Arrest of Head of Dubai-Based Subsidiary

July 7, 2020

German prosecutors said on Monday they had arrested the head of a Dubai-based subsidiary of Wirecard, widening the circle of…

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Comment & Analysis

UAE- Sharjah Islamic Bank records 55% increase in use of online services

July 7, 2020

Sharjah Islamic Bank recently recorded a 55 per cent increase among users of digital channels and smart services, while the…

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FinTech

Saudi Arabian Monetary Authority quashes rumors of bank account freezes

July 7, 2020

The Saudi Arabian Monetary Authority (SAMA) on Monday quashed rumors it would freeze bank accounts of expatriate workers whose incomes…

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FinTech

Paymentology eyes digital banking expansion in the Middle East

July 7, 2020

British cloud-based payment processor Paymentology is planning to expand its digital banking business in the Middle East.   The move…

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Comment & Analysis

Saudi Central Banker Says ‘Too Early’ to Call Recovery V-Shaped

July 7, 2020

Saudi Arabia’s central bank governor said it’s “too early” to tell if the economy of the world’s largest oil exporter…

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Islamic Finance

Abu Dhabi Islamic Bank raises foreign ownership to 40%

July 7, 2020

Abu Dhabi Islamic Bank has announced raising the percentage of foreign ownership to 40%, from 25%, of its issued capital…

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Regulation, Risk & Compliance

UAE central bank to launch overnight deposit facility

July 7, 2020

The United Arab Emirates Central Bank will introduce a new overnight deposit facility as of July 12, it said on…

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