Baker + McKenzie Add 81 New Partners – Bring Global Total to 1550
Leading global law firm Baker McKenzie has announced the election of 81 new partners. This latest investment in the Firm’s…
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Old banknotes will not be valid after one month: Central Bank of Oman
Certain Omani banknotes will no longer be used in the Sultanate, according to the Central Bank of Oman. The…
Emirates NBD receives regulatory nods for its takeover of Turkey’s Denizbank
Emirates NBD, the biggest lender by assets in Dubai, received regulatory approvals from four countries for its $2.7 billion (Dh9.91bn)…
UAE banks expected to report strong H1 profits
UAE banks are expected to report strong first half results supported by loan growth, lower provisions and shrinking costs. …
Saudi central bank studying license requests for two new banks: SAMA governor
Saudi Arabia’s central bank is reviewing license requests for two new Saudi banks, Saudi Arabian Monetary Authority Governor Ahmed al-Kholifey…
Abraaj investigation is 'well resourced', says Dubai's financial regulator
“The DFSA acted quickly and appropriately in the matter. We have turned our attention to investigation," said Bryan Stirewalt, chief…
DFSA signs MoU with Smart Dubai
The Dubai Financial Services Authority has signed a Memorandum of Understanding with Smart Dubai to collaborate on organisation-wide smart transformation…
Pakistan signs $375 million syndicated loan with UAE banks
Pakistan signed a $375 million syndicated loan with banks in the United Arab Emirates in June made up of conventional…
A new era for seamless payments in the UAE
How does payit support the UAE’s cashless ambitions in the run-up to 2020 and beyond? First Abu Dhabi Bank’s …
Millennials key to the future of Islamic banking
With Muslim spend estimated at $2.1 trillion in 2017, the Islamic economy continues its steady growth driven by an expanding,…
Bank Nizwa Outlines Opportunities in Islamic Finance for Wholesale Banking Customers in Sohar
Bank Nizwa, Oman’s fastest growing and leading Islamic bank, organized a special forum for Wholesale Banking clients in Sohar to…
Credit card to facilitate donations for Abu Dhabi temple
A charity credit card will now facilitate devotees wishing to make donations to the first Hindu temple in Abu Dhabi.…