All Articles

FinTech

National Bank of Pakistan turns to Autosoft for Bahrain operation

June 18, 2019

Long-standing Pakistan-based financial systems supplier, Autosoft Dynamics, has gained a deal for the Bahrain operation of existing user, National Bank…

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Regulation, Risk & Compliance

Will VAT rate go up in GCC?

June 18, 2019

The GCC states will eventually increase value-added tax (VAT) rate, which is one of the lowest in the world, but…

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Hedge Funds & Alternative Investments

UAE investors hit as dodgy 'halal' firm folds up in India

June 18, 2019

Scores of Indian expats in the UAE have been left devastated after losing their life savings to a dodgy ‘halal’…

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Executive Moves

Robinson takes on senior role at Gulf International Bank

June 18, 2019

Gulf International Bank has hired Louis Robinson as regional sales head in its global transaction banking department.   In his…

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Islamic Finance

Sharjah Islamic Bank mandates banks for capital boosting sukuk

June 18, 2019

United Arab Emirates’ Sharjah Islamic Bank has hired banks to arrange investor meetings ahead of an issuance of U.S. dollar-denominated…

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Investment Banking

UK Trying to Settle £1.25b Claim by Bank Mellat

June 17, 2019

The British government is locked in crunch talks in an effort to avoid a lengthy high court battle by settling…

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Awards and Recognition

6 Israeli startups nab spotlight in global awards for profitable, impactful tech

June 17, 2019

Six Israeli startups were chosen out of 270 global firms for awards in a number of categories on Friday in…

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Financial Results

Bank of Sharjah reports 51% drop in profits for 2018

June 17, 2019

Bank of Sharjah revised on Sunday its earnings figures for 2018, reporting a 51 per cent year-on-year drop in its…

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Hedge Funds & Alternative Investments

UAE, Hong Kong sign agreement on the mutual promotion and protection of investments

June 17, 2019

The Ministry of Finance has  signed an agreement to encourage and protect investments between the UAE and the Government of…

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Comment & Analysis

UAE ranked 27th globally in terms of its ability to attract FDI

June 17, 2019

The United Nations Conference on Trade and Development's World Investment Report 2019 has ranked the UAE 27th globally in terms…

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Mergers & Acquisitions

Sabb completes merger with Alawwal Bank creating third-largest Saudi lender

June 17, 2019

Saudi Arabia’s Alawwal Bank formally merged on Sunday with Saudi British Bank (Sabb) to create the third-biggest lender by assets…

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Investment Banking

Cabinet restructures Emirates Development Bank board

June 17, 2019

As part of its plan to modernise work mechanisms in the federal government, the UAE Cabinet has restructured the Board…

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