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FinTech

Capgemini to establish AI Center of Excellence in Egypt to accelerate AI-driven innovation for global clients

April 9, 2025

Capgemini has announced it will establish an AI Center of Excellence (CoE) in Egypt focused on accelerating the generative and…

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Executive Moves

Kamran Mazhar rejoins Chubb Arabia as CEO

April 9, 2025

Kamran Mazhar has rejoined Chubb Arabia as CEO, following a hiatus of around two years.   Mazhar will head Chubb…

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Executive Moves

GTN hires Arqaam Capital exec Sham Treon as Chief Risk Officer

April 9, 2025

Dubai based online brokerage group GTN has announced that it has hired Sham Treon as the company’s new Chief Risk…

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FinTech

Turkey's Sipay raises $78 million

April 9, 2025

Turkish emebedded finance fintech Sipay has raised $78 million at a valuation of $875 million.   The round was led…

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Financial Results

AAIB announces robust 2024 results, net profits hits $301m

April 8, 2025

A $301m net profit for 2024 has been announced by the Arab African International Bank, driven by its shift towards…

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Legal

The Law's passing is an essential step to clarify the applicability of separate tax laws for foreign banks operating in Dubai.

April 8, 2025

The Emirate of Dubai in 2024 issued Law No. (1) of 2024 Concerning Tax on Foreign Banks Operating in the…

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Executive Moves

Salama appoints Mohamed Ali Bouabane as Group CEO

April 8, 2025

Regional insurer Salama Islamic Arab Insurance Company (Salama) has appointed Mohamed Ali Bouabane as its new Group Chief Executive Officer…

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Awards and Recognition

The Central Bank of the UAE awards tap payments a full payment services license

April 8, 2025

Tap Payments has been awarded a Retail Payment Services License by the Central Bank of the UAE (CBUAE), completing its…

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Executive Moves

Syria appoints finance expert as new central bank governor

April 8, 2025

Syria’s interim President Ahmed Al-Sharaa on Monday appointed Abdul Qadir Al-Hasriya as governor of the war-battered country’s central bank, state…

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Hedge Funds & Alternative Investments

Sohar International agrees strategic relationship with BNY to boost Oman’s capital markets ecosystem

April 8, 2025

Sohar International has announced a strategic relationship with The Bank of New York Mellon Corporation, a global financial services company,…

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Awards and Recognition

Global Finance Names The Innovators 2025 – The Most Innovative Banks and the Most Innovative Financial Technology Companies

April 8, 2025

Global Finance has named the Most Innovative Banks and Fintechs regionally and globally as part of the Innovators Awards for…

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Comment & Analysis

Making Record Profits: Emirates NBD Group CEO Shayne Nelson Q&A

April 7, 2025

Shayne Nelson, group CEO of Emirates NBD, Dubai’s government-owned bank and one of the largest banks in the Middle East…

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