Total UAE banking reserves rise to over $81bn
Total banking reserves at the Central Bank of the UAE totalled AED298 billion ($81.1 billion) by the end of May,…
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Saudi sovereign wealth fund nears $10bn loan
Saudi Arabia’s sovereign wealth fund has agreed initial terms for a $10bn loan from a group of the world’s largest…
Barclays to Cut 20% of Jobs in Dubai Wealth Management Business
Barclays Plc is cutting about 20% of jobs in its wealth management business in Dubai, according to people with knowledge…
Global Islamic Financing Market 2019 – Al Rajhi Bank, Abu Dhabi Islamic Bank, Al Baraka Banking, Dubai Islamic Bank, Emirates NBD
The “Islamic Banking Software Market” report contains wide-ranging statistical surveying for Islamic Banking Software which empowers the client to break…
Dubai Business Events secures 17% growth in event delegates
These events won in H1 2019, including conferences, meetings and incentives, are set to attract 75,288 delegates from around the…
PNB scam: Enforcement Directorate attaches Mehul Choksi's Dubai assets worth Rs 24.8 cr
The Enforcement Directorate attached immovable properties and bank account worth Rs 24.77 crore of Mehul Choksi under Prevention of Money…
8 large managers back SWF climate change framework
Eight money managers endorsed the One Planet Sovereign Wealth Fund Framework, set up by sovereign wealth funds that collectively manage…
SHUAA Capital shareholders approve transformational transaction with ADFG at General Meeting today
SHUAA Capital has announced that it had concluded its shareholders’ General Meeting to approve the proposed transaction with Abu Dhabi…
Wealth in Kuwait
The Wall Street Journal recently published a list of the world’s richest countries. Kuwait ranked fifth in the world…
FlexxPay Raises Seed Funding To Launch In The UAE
FlexxPay, a financial wellness platform, has raised an undisclosed funding from a group of individual and corporate investors to launch…
Timely decisions by UAE to boost economy
Bold and pragmatic decisions are what have helped the UAE race ahead to the top in the region and gain…
HSBC launches issuer services in the UAE and Egypt
HSBC has launched its onshore issuer services business in the UAE and Egypt. The bank stated that the issuer…