Saudi Arabia raises $628m in June sukuk offering
Saudi Arabia’s National Debt Management Center has completed its June issuance under the government’s riyal-denominated sukuk program, raising SR2.355 billion…
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National Investments Company expands regionally with first office at DIFC to serve a wider client base
Khaled Waleed Al Falah: NIC has succeeded in earning market trust by consistently achieving success since its establishment The new…
BIBF launches a new series of professional micro-credentials in Islamic finance
In line with efforts to strengthen Bahrain’s position as a leading hub for Islamic banking and finance, the Bahrain Institute…
Wealthbrix launches in DIFC with eight-figure investment backing, experienced board, and a commitment to elevate regional wealth management
Founded by senior bankers who helped shape the region’s top institutions, Wealthbrix brings a track record managing over USD 30bn…
Oman’s Sohar, Ahli Bank postpone merger talks due to regulatory delays
Sohar International Bank and Ahli Bank SAOG have decided to postpone their proposed merger after failing to receive the necessary…
FAB becomes MENA’s first lender to join CIPS as direct participant
First Abu Dhabi Bank has become the first lender in the MENA region to join the cross-border Interbank Payment System…
UBS GWM Appoints New NRI Head in Dubai
UBS Global Wealth Management is set to appoint Michael Bächli as its new head of the non-resident Indian (NRI) business…
Private Banking from BankDhofar: A bespoke financial experience for the Sultanate’s most discerning clients
One year since its launch in June 2024, BankDhofar’s Private Banking segment has continued to set new standards in an…
How European family offices are reallocating capital towards the UAE
European family offices are increasingly shifting their capital – and in many cases, their operations – toward the UAE. The…
World Bank report lauds Oman's strong economic performance
The World Bank's 2024 Gulf Economic Update report highlighted that the Sultanate of Oman has achieved significant positive fiscal and…
Oman to introduce 5% income tax on high earners from 2028
Oman will implement a 5% income tax on individuals with annual earnings exceeding RO42,000 starting January 2028, marking a milestone…
UAE will attract more millionaires as Emirates remains safest country despite regional war
The UAE will continue to attract high net-worth individuals despite the regional Israel-Iran war as the Emirates is still the…