U.S. watchdog may fine Habib Bank, Pakistan's biggest lender, up to $630 million
The New York State Department of Financial Services said it is seeking to fine Habib Bank Ltd, Pakistan’s biggest lender,…
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Saudi Arabia has lost $250 billion in three years
The Saudi Arabian Monetary Agency, which is analogous to the Saudi Central Bank, has lost about $250 billion of its…
ANALYSIS: Saudi economic future looks bleak amid falling oil prices
Oil-rich Saudi Arabia faces a sticky problem, analysts say. Its economy is barely growing. Its government is spending way…
Visa and Al Hilal Bank partner to promote payments innovation in UAE
Global payments technology company, Visa, and Al Hilal Bank has partnered to accelerate the adoption of contactless payments in the…
Major banks' profits to remain solid
Profitability at the four largest UAE banks will remain solid in the next 12 to 18 months on the back…
Delio Selected as Only UK Fintech to Join Dubai Financial Services Accelerator
Welsh fintech firm Delio has been the only UK firm selected to join a first-of-its-kind accelerator programme in Dubai. …
UAE gives $10 million for Kazakhstan project
The world will today, Aug.29, witness the opening of a US$150m International Nuclear Fuel Bank, a non-military purpose facility hosted…
Middle East startup investment nears $1bln in 2017
Twenty entrepreneurs were selected to receive access to fundraising, resources, and mentorship at the first ChangemakerXchange Summit. The event…
Blockchain hub launched in Israel
The Singulariteam Technology Group, together with CoinTree Capital, and BlockchainIL are launching Alignment, a blockchain Hub that will consult, develop…
Europe accounts for 37% of Qatari banks’ cross border funded liabilities, says QCB
Qatar’s banking sector “depends heavily” on Europe on the liability side, as the region accounts for 37% of the cross…
Swiss private bank hands to investigators documents related to UAE ambassador linked to 1MDB and Jho Low
Swiss private bank Lombard Odier has handed over to investigators about 900 pages of documents related to Yousef Al Otaiba,…
Bahrain welcomes first 2 entrants into regulatory sandbox
The Central Bank of Bahrain has announced two entrants into its regulatory sandbox. Tramonex, a London-based forex cash management…