Dubai’s Jobless Recovery Adds Asterisk to Biggest Boom in Years
Dubai is getting by with less as the emirate’s economic turnaround leaves a trail of job losses. Although business…
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Low provisioning costs raises banking outlook for Kuwait and Egypt
The aggregate earnings of banks in the Middle East and North Africa in the second quarter is expected to grow…
AA- ratings affirmed for FAB, outlook stable
The rating agency said that the bank’s liquidity ratios are good and better than the peer group average. CI…
Bank Nizwa Cements Position as Oman’s Top Islamic Bank
Winning over 25 local, regional and international awards in just six years of operation, Bank Nizwa is cementing its well-earned…
Thomas Hirschi resigns as Executive Director of Banking & Insurance of FSRA, ADGM
Abu Dhabi Global Market has announced that Mr Thomas Hirschi has served notice of his resignation as Executive Director of…
Ajman Bank launches new branch in Dalma Mall and with it introduces another digital initiative
Ajman Bank has announced the launch of its latest branch in Dalma Mall that boasts state-of-the-art design and cutting-edge digital…
State Street appoints new head of UK EMEA business
State Street Corporation has appointed Jörg Ambrosius as head of its UK, Europe, Middle East and Africa (EMEA) business. Ambrosius,…
EFF to mobilise around $38.6 billion financing over three years: IMF
The International Monetary Fund supported programme is expected to mobilize total financing of around $38.6 billion over the three years…
HSBC Private Bank appoints Head of Wealth Planning & Advisory for EMEA
HSBC Private Bank has appointed Jeremy Franks as Head of Wealth Planning & Advisory, EMEA, effective 8 July. He will…
Damac to remain under pressure, EFG Hermes says
The property sector in Dubai is expected to remain stable this year, helped by government initiatives in the pipeline to…
ADIB launches ADIB Direct unified digital banking platform that helps businesses cut costs
Abu Dhabi Islamic Bank has launched “ADIB Direct”, a new intuitive digital banking platform for businesses that integrates a suite…
UAE banking system remains sound
The UAE banking system remains sound with sufficient capitalization and liquidity reserves, solid financial performance and high operating efficiency, the…