Dubai's Noor Bank cuts dozens of jobs -sources
Dubai-based Noor Bank has laid off several dozen employees, banking sources told Reuters on Tuesday, the latest lender to adjust…
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$205bn worth of cheques handled in H1: UAE cbank
A total of 15.151 million cheques worth Dh755 billion ($205.5 billion) were handled by the Cheque Clearing System during the…
Union National Bank opens Shanghai branch
Union National Bank, 50 per cent owned by the Abu Dhabi government, has begun operations at its branch in Shanghai,…
Gold prices in Dubai fall by more than Dh1 per gram
Jewellery gold rates in Dubai plunged on Tuesday, providing buyers a momentary relief from soaring prices. The price of 24K…
Islamic finance industry hampered by global economic conditions
Global economic volatilities, consistently low oil prices and reduced demand for credit are among the factors that currently weigh on…
Qatar,‘damaged’ by ATQ sanctions, has the worst still to come
June was a bad month for Qatar. It suffered a collapse in imports, soaring food inflation and tighter financial conditions…
Iran sees banking channels opening up
With foreign energy companies signing early deals with Iran, the country's president said banking channels to the world could be…
Dubai billionaire seeks to sell Trump-branded villas abroad
During recent trips to Croatia and Malta, a Dubai-based billionaire and business partner of the Trump Organization looked more like…
Islamic finance and SRI share a lot of common ground
In the last two decades, Islamic finance and socially responsible investment (SRI) have been among the fastest growing areas within…
Bank ABC becomes the first MENA financial institution to join R3
Bahrain-based Bank ABC, MENA’s leading international banking group, has recently joined blockchain-inspired consortium headed by R3, a financial innovation firm,…
Bahrain Bank First in MENA Region to Join R3 Blockchain Consortium
Bank ABC, an international banking group headquartered in Bahrain is the latest financial institution to join the global banking-centric blockchain…
Simmons and Simmons wins Fintech Hive legal gig
International law firm Simmons & Simmons will be a legal partner to FinTech Hive at Dubai International Financial Centre Authority…