Emirates NBD’s fintech tie-ups positive: Moody’s
Emirates NBD’s collaboration with the DIFC FinTech Hive, the Dubai International Financial Centre’s fintech accelerator and hub, for the certification…
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BlackRock Mideast Foray May Grow With Israel Infrastructure Push
The world’s largest asset manager BlackRock Inc. could add to its footprint in the Middle East by joining Israel’s infrastructure…
Who runs Noor Capital
The Emirati investment fund Noor Capital, which gained prominence in early 2019 for trying to export tons of gold from…
Barwa Bank’s campaign draw winners picked
Barwa Bank has announced the names of the winners of its ‘2019 Summer Spend Campaign’s’ third monthly raffle draw, rewarding…
How fintech start-up backed by Dubai became a $1 billion 'unicorn'
A Dubai-backed fintech firm whose investors include Investment Corporation of Dubai and Josef Ackermann has raised additional money to value…
Abu Dhabi's FAB rejects Qatari financial regulator's allegations
First Abu Dhabi Bank has rejected allegations by the Qatar Financial Centre Regulatory Authority that its branch in the Qatar…
GCC Debt Issuance Climbs to Record High This Year
Debt issuance by the GCC countries surged to a record US$40bn in the second quarter of 2019, dominated by the…
Commercial Bank signs pact to provide services to AZF
The Commercial Bank and Aspire Zone Foundation, the world-renowned sports city, signed an agreement to provide a full range of…
Qatar banks’ overseas private deposits post double-digit jump in July
Qatar’s commercial banks’ overseas customer deposits were seen outpacing total deposits generation year-on-year in July 2019, according to the central…
Middle East Banks Urged to Brace for Digital Wave
Banks in the Middle East are expected to face unprecedented challenges as digital giants begin to turn their attention to…
UAE medical tourism worth USD 3.2 billion in 2018
Medical tourism sales in the UAE increased 5.5% year-over-year to reach AED 12.1 billion (USD 3.2 billion) in 2018 with…
EG Bank logs profit in H1
Egyptian Gulf Bank reported a 6% year-on-year profit growth during the first half of 2019. The lender’s profit after…