Samba Achieves Record Profit of $1.4bn in 2018
Saudi Arabia’s Samba Financial Group posted record profits in 2018 at $1.47 billion (SR5.5 billion), according to a bourse statement.…
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From smishing to prize scams: how to avoid bank fraud
Isabelle Jones made the mistake of clicking on a link in an email claiming to be from her bank. …
Dubai Islamic Bank starts marketing dollar sukuk
Dubai Islamic Bank, the United Arab Emirates' largest Islamic lender, on Wednesday started marketing U.S. dollar-denominated Islamic bonds with an…
German Bank of Qatar’s Al-Thani Family Working on Takeovers
The German bank of Qatar’s Al-Thani family plans to double its assets under management over the next five years. Its…
Qatar Islamic Bank Q4 profit rises 19 pct
Qatar Islamic Bank (QIB), the Gulf state’s largest sharia-compliant lender by assets, reported a 19 percent rise in fourth-quarter net…
Abu Dhabi Fund’s Deputy CIO Leaves
Abu Dhabi Investment Authority’s deputy chief investment officer Paul O’Brien has left after a decade at the investment fund. …
Central Bank of Kuwait’s CDO on transforming the country’s financial sector
With the rapid expansion of the FinTech sector in Kuwait, the country’s central bank is embarking on a landmark digitalisation…
Russian sovereign wealth fund to boost deals with Saudi Arabia
Russian sovereign wealth fund RDIF said on Wednesday it was poised to significantly increase its number of investment deals with…
Economic stagnation biggest risk for UAE expats
Over half of UAE-based expats (54%) believe economic stagnation in the world economy will be the biggest risk to their…
UAE investors can pick up some Belt & Road action
Want a piece of the property action in China’s Belt & Road (B&R) Initiative? Investors in the UAE and from…
Is AI a matter of survival for the modern bank?
Artificial Intelligence or AI is transforming the banking sector by creating more personalized customer experiences, enhancing decision-making, bolstering security and…
UAE business leaders retain optimism, despite regional tensions: survey
Confidence remains broadly high among the executives interviewed for the latest edition of the Business Barometer: UAE CEO Survey, carried…