Launch of the MidEast's first online-only retail bank
Gulf International Bank (GIB) has launched the Middle East's first online-only consumer banking business, seeking to diversify after almost collapsing…
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Dubai FDI and AstroLabs partner to attract tech start-ups and investment capital
AstroLabs is a member of the global Tech Hub network of ‘Google for Entrepreneurs’ and the only Google-partnered hub in…
India’s Sage Capital targets $1b fund in GCC, Africa
India based Private equity firm, Sage Capital said it is currently working with reputed institutional investors from across the world…
Al Khaliji appoints Rana Ahmad Al Asaad as Acting Head of Personal Banking
Al Khalij Commercial Bank Q.S.C., next generation bank, has appointed Ms. Rana Ahmad Al Asaad as Acting Head of Personal…
Middle East superwealthy eye superyacht ownership
“According to our latest SYBAss Economic Report, the propensity to buy a superyacht among UHNWIs in the Middle East and…
Emerging markets including DFM advance on crude rally
Emerging market stocks, including the Dubai Financial Market and the Abu Dhabi Securities Exchange, rose on Thursday after crude oil…
UAE stocks regulator weighs stricter reporting measures
The Securities and Commodities Authority is considering reducing the grace period that corporates will have to disclose their annual financial…
Investors should stay pessimistic and safe in the coming year
Renewed volatility in global financial markets and the 50 per cent crash in the oil price will not have been…
Turkey's Bank Asya sells Tamweel Africa Holding stake
Turkey's Bank Asya has signed a deal to sell its 40 percent stake in Tamweel Africa Holding to the Islamic…
Braille forms, audio ATMs to fight fraud under study
Saudi banks are studying the possibility of introducing Braille forms and Automatic Teller Machines (ATMs) with audio instructions to improve…
First online bank to launch in Saudi Arabia
The launch of the first online bank in Saudi Arabia will be announced on Friday evening, informed sources told Asharq…
Ugandan university in Islamic banking and finance training partnership
The Dubai-based AlHuda Centre of Islamic Banking and Economics has announced plans to start training bank staff in Uganda in…