Saudi bank earnings aided by lower interest rates, despite liquidity tightening
Net income at banks in Saudi Arabia improved to SAR21.5 billion in 4Q24, compared to SAR20 billion in 3Q24, as…
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Savills boosts global cross border retail expertise
International real estate advisor Savills has strengthened its global cross border retail expertise with the appointment of Thea Rowe. …
Ripple secures DFSA licence to offer regulated crypto payments from DIFC
Ripple has received approval from the Dubai Financial Services Authority (DFSA) to provide regulated crypto payments and services in the…
NBB expands mortgage financing for Bahraini expats in Saudi Arabia, UAE
The National Bank of Bahrain (NBB) has enhanced its cross border mortgage financing solution, providing Bahraini nationals residing in Saudi…
Oman’s New Banking Law: Key Regulatory Changes, Compliance Requirements, and Business Impact
On January 1, 2025, Oman enacted the New Banking Law (Royal Decree 2 of 2025), replacing the Old Banking Law…
Qatar sees strong residential performance in Q4 2024
Qatar witnessed a positive and strong residential performance in the fourth quarter (Q4) of last year. The total residential stock…
Oman sovereign wealth fund invests in US biotech firm Tidal Vision
Oman’s sovereign wealth fund, the Oman Investment Authority (OIA), has invested in Tidal Vision, an American biotech firm specialising in…
Franklin Templeton investment solutions expands team with new Solutions Portfolio Manager role in UAE
Franklin Templeton has announced the appointment of Gaurav Sharma as Solutions Portfolio Manager, CEEMEA for Franklin Templeton Investment Solutions (FTIS).…
Dubai Chambers Board of Directors discusses strategic direction and future initiatives
The Dubai Chambers Board of Directors, chaired by His Excellency Sultan bin Saeed Al Mansoori, held a brainstorming session yesterday…
Mbank partners with Abu Dhabi University to launch collaborative academic and professional development programs
Al Maryah Community Bank (Mbank), a leading digital bank in the United Arab Emirates signed a Memorandum of Understanding with…
Nomura expands in Singapore, Dubai as wealth turns a profit
Nomura Holdings Inc is expanding its wealth management team in Singapore and Dubai after the global business turned a profit…
EFG Hermes completes advisory on $333mln IPO of Asyad Shipping Company on the Muscat Stock Exchange
EFG Hermes, an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA) announced…