Tech Imprints: How the UAE is approaching data protection
The Middle East, positioned at the crossroads of Europe, Asia, and Africa, is a vibrant hub for global trade and…
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StanChart Adds Over a Dozen Private Bankers in Hiring Spree
The private banking arm of Standard Chartered has expanded its front office with more than a dozen new hires in…
Dubai Prince Makes Family Office U-Turn in Hong Kong
After much fanfare, Sheikh Ali Rashed Ali Saeed Al Maktoum has reportedly said that he will not be opening a…
UAE signs $817m currency swap agreement with Ethiopia
The UAE Central Bank has partnered with the National Bank of Ethiopia to establish a bilateral currency swap agreement, aimed…
Egypt central bank seen leaving interest rates unchanged
The Central Bank of Egypt (CBE) is expected to keep its overnight interest rates steady when its monetary policy committee…
Islamic banks account for 21% of gross domestic credit: CBUAE
Gross credit provided by Islamic banks increased by 1.1% in the first four months of 2024 to AED433.7 billion, constituting…
MENA equity market issuances jump three-fold in H1 2024 to $16.5bln
MENA equity and equity-related issuance totalled $16.5 billion during the first half of 2024, almost three-times 2023 levels, and the…
Dhofar Islamic empowers the young with new youth account
Dhofar Islamic, the Islamic Banking window of BankDhofar, is pleased to introduce its latest offering, the Youth Account, designed to…
PIF strengthens renewable energy localization in Saudi Arabia with three new joint ventures
Agreement with Jinko Solar and Vision Industries to localize production of photovoltaic cells and modules Agreement with a subsidiary of…
Khaleeji Bank launches “Ajyal” account for minors below the age of 21
Khaleeji Bank has recently announced the launch of the “Ajyal” Account, an innovative savings solution designed specifically for minors aged…
Saudi Re completes sales of Probitas to Aviva
Saudi Re has completed the sale of its 49.9% stake in Bermuda-based Probitas Holdings for $159 million. The Riyadh-based…
KPMG publishes playbook on how AI can drive functional transformation
Businesses are becoming more cognizant of the value they can deliver with artificial intelligence (AI) and Generative AI (gen AI).…