Qatar's Commercial Bank still looking to sell United Arab Bank stake
Qatar's Commercial Bank, the country's third-largest bank by assets, said on Wednesday it is still looking to sell its 40%…
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Damac acquires land in Dubai for Dh285 million
Damac Properties acquired two plots in Dubai for a total price of Dh285 million as the company eyes expansion with…
NBB records 1.8% increase in net profits for the first nine months of 2019.
National Bank of Bahrain has reported a 1.8% increase in its net profits to BHD 56.0 million (US 148.9 million)…
UAE leads Middle East in ease of doing business ranking
The UAE continued to keep its lead in the Middle East and Arab region in the World Bank’s East of…
Goldman Sachs ousts banker over compliance breach
Goldman Sachs Group Inc. dismissed a senior banker in the Middle East over compliance violations, according to people with knowledge…
Regulatory environment biggest hurdle facing fintech startups
The Middle East’s financial technology (fintech) sector has become one of the fastest growing over the past five years, attracting…
SoftBank CEO, planning new tech fund, to attend Saudi forum – sources
SoftBank Group Corp founder and CEO Masayoshi Son will attend an investment conference in Saudi Arabia next week, two people…
UAE central bank proposes new real estate lending rules for banks
The United Arab Emirates' central bank has proposed new regulatory measures to prevent banks from over-exposure to real estate and…
Bank of Sharjah announces financial results for the period ended 30 September 2019
Bank of Sharjah has announced the results of the period ended 30 September 2019. The following Management Discussion and Analysis…
New DIFC Employee Workplace Savings Scheme Proposed
On 17 October the Dubai International Finance Centre issued a consultation paper proposing amendments to its employment laws. The amendments…
Kuwait allows visit visas to be converted into residency visas
Kuwait has changed its residence law in order to allow visit visas to be converted into residency visas in certain…
Fintech Abu Dhabi closes with focus on upscaling initiatives
Future trends in the FinTech industry and the next generation of startups took center stage as FinTech Abu Dhabi Festival…