Qatar: Commercial Bank receives ‘A’ rating in MSCI ESG assessment
Commercial Bank’s ‘A’ rating represents an upgrade from its previous rating of BBB and puts it among the leading banks…
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Dentons bolsters its Saudi Arabia Regulatory and Litigation practice with the arrival of partner, Abdullah Alsulaimi
Dentons, the world's largest global law firm, is delighted to announce that Dr. Abdullah Alsulaimi has joined its Riyadh office…
EFG private banker relocates from Switzerland to Dubai
After over a year in Zurich, an EFG banker covering the ultra-high net worth segment with a focus on non-resident…
Shane Horgan leads new Digital practice of Global Think Group
Global Think Group has launched a new integrated Digital practice, expanding its communications, policy, marketing, and creative services to now…
UAE bank close to acquiring $5b stake in Indian bank
A leading UAE-based bank is in talks to acquire a stake in an Indian bank, with an investment expected to…
Paymob secures $22m extension to Series B funding, raises $72m in total
The new funding will support the company’s strategic growth initiatives and reinforce its leadership in the regional fintech sector. …
PGIM opens Abu Dhabi office, joining money managers’ rush to UAE capital
PGIM, which had $1.33tn in assets under management as of June end, obtained a Financial Services Permission (FSP) to operate…
GCC Islamic banks to maintain strong profitability driven by economic growth
The profitability of Islamic banks in the Gulf Cooperation Council (GCC) is expected to remain strong over the next 12-18…
Family offices confident recent growth in wealth will continue
68% of family office professionals say the value of their organisation’s assets has increased in the past five years, and…
Nasdaq Dubai welcomes $400 million green bond from Bank of China
Nasdaq Dubai welcomed $400 million in green bonds from the Bank of China (Dubai Branch), one of China’s four biggest…
QNB Group to approve a buyback of QNB's shares
The Board of Directors of QNB Group decided at its meeting held on 11 September 2024 to approve a buyback…
Saudi Arabia’s banks see continued growth in loans & advances, deposits, and profitability in second quarter
Loans & Advances (L&A) increased by 3.2 percent QoQ, driven by corporate/wholesale banking. Banks looking at an interest rate…