Alawwal Bank launches digital branch, ‘IBDA’
IBDA offers customers a unique banking experience designed to create a seamless and personalised service, benefitting from the latest digital…
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Lebanese banks lag behind European peers in fintech
Banks in Lebanon are falling behind their European counterparts when it comes to providing technological financial services, better known as…
China's giant ICBC bank to invest $20 billion in Egypt over 10 years
The world’s biggest lender by assets, state-owned Industrial and Commercial Bank of China Limited will invest $20 billion in Egypt…
Why UAE is a magnet for global millionaires
Australia and the UAE have emerged as the most sought-after migration destinations for the world's super-rich as global wealth migration…
HH Sheikh Maktoum honours winners of Mohammed Bin Rashid Al Maktoum Business Awards
The ceremony was held under the patronage of H.H. Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice-President and Prime Minister…
Nasdaq and Borse Dubai sign market technology deal
Nasdaq and Borse Dubai have signed an agreement to bolster the technological infrastructure of Dubai’s stock exchanges, Dubai Financial Market…
Investcorp acquires $400m US residential properties
Bahrain-based Investcorp said its US-based real estate arm has acquired three multifamily housing properties in New York, California, and Nevada…
GCC firms 'should tap' non-bank options for funds
GCC businesses should explore alternative non-bank options available in the region to raise funds, rather than relying just on traditional…
Commercial Bar under fire for promoting Dubai as a world arbitration centre
The British Irish Commercial Bar Association has been criticised by a UK charity for promoting Dubai as a world centre…
CMB Shakes the FX Market and Tweakes the Public Disclosure Regime
On February 10, 2017, the Capital Markets Board of Turkey (the “CMB”) published amendments to the following communiqués: Communiqué on…
Commercial Bank of Qatar misses forecasts with 99 pct profit slump
Commercial Bank of Qatar, the Gulf Arab state's third-largest lender by assets, reported a 99 percent fall in fourth-quarter net…
Dubai’s Emaar opens property showcase in London’s Harrods store
Dubai’s biggest developer, Emaar, has opened a new showcase for its latest properties in Dubai in Harrods, the department store…