Credit Suisse Hires UBS Banker Leimer to Head Saudi Private Bank
Credit Suisse Group AG hired Dominique Leimer from UBS Group AG to head its private wealth unit in Saudi Arabia…
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Project for digitising customer data verification to be implemented soon
The first phase of the national eKYC project, a groundbreaking initiative to digitise customer data verification, will be implemented next…
Arab economies’ diversification to unlock new wealth
Arab countries are moving beyond the oil and gas industries to diversify and innovate their economies, and this is where…
Global's OGM elects the new board of directors
Global Investment House held today its Ordinary General Meeting and elected a new board of directors for the coming three…
Central Bank of Egypt (CBE) to Explore Digital Currency Issuance Options
Banks all over the world are interested in creating cryptos. Now, the central bank of Egypt has decided to start…
Turkish lender, African bank sign $1B agreement
Turkey's private-lender Aktif Bank and African Export-Import Bank (Afreximbank) signed a $1 billion agreement, the Turkish bank announced on Monday.…
Shuaa Capital begins consolidation after buying Kuwait’s Amwal
The Dubai-based financial services firm Shuaa Capital has started “consolidation efforts” following its acquisition of the Kuwait-based Amwal International Investment…
China's plans to invest $20 billion in Egypt collapse
Talks between Egypt and China on the development of a new capital city area worth $20 million have halted following…
UBF explores adoption of blockchain in banks
The CEOs Advisory Council of the UAE Banks Federation on Monday discussed the adoption of blockchain to enhance know-your-customer processes…
UAE Central Bank's foreign currency assets hit $94.28bn
Total foreign currency assets held by the UAE’s Central Bank stood at AED 346.3 billion in November ($94.28 billion) against…
UAE lenders unaffected by troubles at Sharjah’s Invest Bank
Banks in the United Arab Emirates were unaffected on Monday by the central bank’s statement in support of Sharjah’s loss-making…
Kuwaiti official says digital economy key to sustained development
The concept of a digital economy forms an integral component of sustained development goals in the wider Arab region, said…