Western Union expands remittance services in Banque du Caire branches
Banque du Caire, in collaboration with IBAG (the official agent of Western Union in Egypt since 1995), has announced the…
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Egypt Seeking to Boost Africa’s Financial Resources from International Institutions
Egyptian Minister of Planning, Economic Development and International Cooperation Rania Al-Mashat said her country is currently working to boost the…
Qatar’s non-hydrocarbon sector has strong potential to drive growth
Qatar’s commitment to actively pursuing an economic diversification agenda has created several opportunities for investors. Speaking to The Peninsula,…
Al Ansari Financial Services to acquire BFC Group for $200mn
As part of its plans to expand its presence across the region, Dubai-based Al Ansari Financial Services has agreed to…
QNB holds workshop with Snapchat to enhance bank's digital engagement strategies
QNB has hosted a workshop for its staff members in collaboration with Snapchat, one of the leading social media platforms,…
Saudi Arabia’s SABIC reports 84% surge in net profit to $564m
Petrochemical giant Saudi Basic Industries Corp. saw an 84 percent year-on-year surge in net profit to SR2.18 billion ($564 million)…
Global ESG sukuk market shows strong growth in early 2024; Q3 slowdown expected: Fitch
The global environmental, social, and governance sukuk market saw significant growth in the first half of 2024 – rising 41…
Gross banks’ assets saw $113.8bln YoY increase in May 2024: CBUAE
Gross banks’ assets, including bankers’ acceptances, rose by over 10.8 percent year-on-year (YoY), equivalent to AED418.1 billion, reaching AED4.287 trillion,…
AESG signals focus on raising the levels of compliance with environmental sustainability with appointment of new Regional Director of Environment
Brent Ridgard, an accomplished environmental and sustainability professional with over 25 years’ experience, will lead AESG’s Environment Division in the…
Gulf Insurance Group shareholders approve new Board formation
Gulf Insurance Group has announced the formation of a new Board, which comprises the current Directors representing majority shareholder, Fairfax…
The CBUAE and Dubai Courts sign MoU
The Central Bank of the UAE and the Dubai Courts have signed a Memorandum of Understanding aimed at linking electronic…
CBD launches core banking services for virtual asset service providers
Commercial Bank of DubaiCommercial Bank of Dubai, CBD has launched dedicated accounts for Virtual Asset Service Providers (VASPs) to manage…