RAKBank reports Dh153.5m first quarter 2020 net profit
The National Bank of Ras Al-Khaimah on Sunday reported a consolidated net profit of Dh153.5 million for the first quarter…
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Abu Dhabi said to shelve sale of $2bn private equity book due to coronavirus
The Abu Dhabi Investment Authority is delaying the sale of $2 billion in private-equity fund stakes after the outbreak of…
Senior appointment at Nedbank
Nedbank Private Wealth has appointed a new head of wealth management. David McFadzean will be responsible for spearheading business…
Mastercard study shows consumers in Middle East & africa move to contactless payments for everyday purchases, seeking touch-free payment experiences
During March, as many countries in the Middle East and Africa imposed necessary restrictions on social distancing, a significant majority…
Asset gains: Bitcoin surge lights up global crypto market
Bitcoin’s $1,000 surge on Thursday sent shockwaves throughout the crypto market, with data indicating the crypto rally could be sustainable.…
UAE Exchange House's parent company now 'finds' $1 billion plus debt
The parent company of UAE Exchange Centre had “hidden” debts of around $1.3 billion, according to the latest revelations of…
ADIB launches second fund committed to a special financing strategy
ADIB, an Islamic financial services group, has signed an agreement with WCB Investments, a joint venture between National Investment Company,…
UAE’s banking sector acts quickly to provide relief
The UAE banking sector is on solid growth track and is marching ahead despite COVID-19 challenges. Mohammed Ibrahim Al…
Post COVID-19 scenario: Setting UAE banks on the recovery path
There are many unanswered questions regarding the Covid-19 crisis, the first of which is the ultimate impact on human health.…
Beware of 'phishy' numbers
As digital solutions disrupt the banking industry, fraudsters have become increasingly sophisticated resulting in a surge in the number of…
Qatar Airways' Boeing 787-9 'Qsuite 2.0' ready for take-off
Qatar Airways' second-generation Qsuite stands idling at the edge of the runway, primed for take-off - and if it wasn't…
Emirates will really miss its business travellers and high flyers
Until recently, Tarek Sultani Makhzoumi typically spent every other week of the year on the road, traveling from London to…