Bahrain's VCBank expands US property portfolio
Venture Capital Bank (VCBank) has acquired Glenbridge Manors in Cincinnati, US, for a total transaction value of $57 million. …
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Dubai's sovereign wealth fund posts record $63bn revenue in 2018
Investment Corporation of Dubai, the emirate’s sovereign wealth fund with holdings in companies such as Emirates airline and Emirates NBD,…
United Arab Bank named CX Innovator at Genesys G-Summit Middle East 2019
UAB wins CX Innovator Best Omnichannel Experience award, as the only banking institution to be recognized at the event this…
UAE extends long-term visas to high earning execs
The UAE has said foreign executive directors will be eligible for long-term residency permits if they earn a monthly salary…
Israel seeks Swiss help in overseas tax crackdown
Israel’s finance ministry has sought help from Switzerland in identifying Israelis it believes have undeclared assets at Union Bancaire Privee …
UAE Central Bank reforms reporting of non-performing loans
Under its previous reporting methodology, the UAE’s banking sector’s NPL ratio was overstated when taken in comparison to other jurisdictions…
NRB Bank re-elects chairman
Mohammed Mahtabur Rahman has recently been re-elected chairman of NRB Bank. After completing his education, Rahman pursued a career…
Israel seeks Swiss help in overseas tax crackdown
Israel’s finance ministry has sought help from Switzerland in identifying Israelis it believes have undeclared assets at Union Bancaire Privee…
Dubai’s ICD achieves record revenues of Dh232.4b, increase of 15.7%
The Investment Corporation of Dubai has announced its consolidated financial results for the year ended December 31, 2018, achieving record…
Iran central bank: U.S. sanctions aren't harming oil exports
The leader of Iran's central bank on Wednesday downplayed the impact of existing and new U.S. sanctions -- retaliatory measures…
Eight initiatives to boost growth and diversification in Abu Dhabi
The decision by the Abu Dhabi government to launch eight initiatives to boost growth and diversification away from oil will…
Evercore Investment Bank to Open Israel Branch
New York-headquartered investment banking group Evercore Group LLC. is set to open its first branch in Israel within three to…