Emirates NBD partners with McKinsey to drive AI and advanced analytics
A few years ago, Dubai’s government-owned bank Emirates NBD entered into a partnership with strategy consulting firm McKinsey & Company…
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International insurer Rokstone launches in Dubai IFC
Rokstone, the International Speciality (Re)Insurance MGA, part of the Aventum Group, has received a regulatory licence from the Dubai Financial…
HSBC expands Global Private Banking in Kuwait
HSBC has officially launched its Global Private Banking services in Kuwait, uniquely positioned as an international bank with an investment…
Rothschild & Co continues Middle East expansion with new Wealth Management office in Dubai
The strategic expansion is key for Rothschild & Co’s Wealth Management growth strategy, as well as enabling the firm to…
Mbank signs an MoU with Meydan Management Services
Mbank has signed an MoU with Meydan Management Services in order to facilitate corporate account opening processes for businesses in…
ADIB-Egypt receives Global Finance Magazine’s “Best Islamic Financial Institution in Egypt” award for 7th year
Abu Dhabi Islamic Bank-Egypt (ADIB-Egypt) received Global Finance Magazine’s “Best Islamic Financial Institution in Egypt” award for the seventh consecutive…
Kuwait Central Bank holds discount rate steady at 4.0% despite Fed cuts
According to the weekly report from Al-Shall Center, the US Federal Reserve reduced the benchmark interest rate by a quarter…
Saudi insurers expect financial boost from new reinsurance mechanism
Saudi insurance companies are expecting a positive impact on their financial performance from a new mechanism that directs reinsurance premiums…
BlackRock Gets Abu Dhabi License Weeks After Nod for Saudi HQ
BlackRock Inc. received a commercial license to operate in Abu Dhabi, the latest sign that the asset manager is looking…
Qatar's Central Bank Assets Grow by 4 Percent
Qatar Central Bank's assets increased during the month of October to nearly 4% year-on-year, compared to the same month of…
EFG Hermes concludes $13.51mln securitized bond issuance for valU
EFG Hermes, an investment bank in the MENA region and part of EFG Holding, has completed the 12th securitized bond…
Big Gulf banks buck global trend as lending income growth continues
The largest banks in the Gulf Cooperation Council further grew their third-quarter main lending income year over year, defying a…