Qatar shuffles cabinet, names new heads of wealth fund, state gas giant
Qatar named new heads to its giant state-run energy firm and deep-pocketed sovereign wealth fund on Sunday (Nov 4) while…
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Singapore-based digital wealth startup WeInvest expands to UAE
WEINVEST, a Singapore-based digital wealth services and robo-advisory firm, is expanding into the United Arab Emirates (UAE) to serve the…
Crypto giant Ripple plans to open office in Dubai
Ripple, the company behind XRP, the third largest crypto currency in the world, is reportedly planning to open a new…
Saudi Schools IPO Underscores Weakening Foreign Demand
A Saudi private-school operator’s initial public offering in October attracted less demand than recent previous sales in the kingdom, two…
Top Islamic banks vying for performance awards
Top performing Islamic financial institutions from Bahrain, Egypt, Indonesia, Jordan, Kuwait, Malaysia, Oman, Pakistan, Turkey, the UAE and Saudi Arabia…
Bank results reflect strong revival in operating environment
Financials results of leading UAE banks reflected a strong revival in economic activities supporting asset growth, profitability and asset quality…
Big data needs a big re-think: consumers are more anxious, but businesses can restore trust with greater transparency
Three-quarters of consumers are willing to share their data, but over half are concerned with identity theft, and almost three-quarters…
Deloitte Middle East adds Jason Riche to head up tax technology function
Deloitte has bolstered its tax technology services line in the Middle East with the recruitment of Jason Riche from the…
Dubai’s IFC becomes a hive of activity for Fintech start-ups
FinTech Hive, an arm of Dubai International Financial Centre (DIFC), is emerging a platform to incubate fintech start-ups from not…
Ripple Announces Expansion in the Middle East, Reveals Nearly 200 Financial Institutions Have Joined RippleNet
Ripple’s global head of infrastructure innovation Dilip Rao says nearly 200 banks and financial institutions are now on RIppleNet. …
Islamic financial sector gets supervisory framework
Federal Law No 14 of 2018 regarding the Central Bank and Organization of Financial Institutions and Activities has brought in…
United Arab Bank announces financial results for Q3 2018
Q3 2018 Highlights AED105m Net Profit, up 111% Q3 2017. Operating Expenses decreased 4% Q3 2017. Provision for Credit…