United Arab Bank posts 25% rise in Q1 net profit
United Arab Bank posted a 25 per cent rise in net profit after tax for the first quarter of 2024…
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UAE-Kenya deals: ADQ to establish investment framework
The UAE’s Ministry of Investment and the Ministry of Finance and National Treasury of Kenya inked a memorandum of understanding…
UAE Labour Law: Six flexible salary payment options for UAE workers
When you are working in the UAE, there are multiple options available to you to get paid for the work…
UAE, Kenya join hands to boost digital cooperation
In a significant move to drive technological advancement and digital cooperation, the Ministry of Investment of the UAE and the…
Investcorp announces $1bn GCC fund along with China’s CIC
Investcorp, a global alternative investment firm and China Investment Corporation (CIC), among the world’s largest sovereign wealth funds, have teamed…
SHUAA Capital chairman steps down after nearly five years
The chairman of SHUAA Capital has stepped down from his role after nearly five years, departing at the end of…
ADCB logs 26% net profit growth in Q1 2024
Abu Dhabi Commercial Bank PJSC today reported its financial results for the first quarter of 2024 (Q1’24). ADCB has…
Saudi fund PIF's managed assets hit $749bln in 2023
Saudi Arabian sovereign wealth fund PIF's managed assets reached 2.81 trillion riyals ($749.2 billion) in 2023, state news agency SPA…
LIBF and TFA Collaborate to Launch Internationally Recognised Certifications in Banking and Trade Finance in Saudi Arabia
The London Institute of Banking & Finance is proud to announce its collaboration with The Financial Academy, the leading banking…
2024 EY Global Wealth Management Industry Report
Over the last two decades, the key question facing wealth management1 executives was “where to play?” Our engagement with industry…
Network International obtains Stored Value Facility licence from UAE Central Bank
Network International LLC (Network), a leading enabler of digital commerce across the Middle East and Africa (MEA) region, has announced…
Entrepreneurs among beneficiaries of $493m Social Development Bank funding in Q1 2024
Almost 12,000 Saudi entrepreneurs received support and training from the Kingdom’s Social Development Bank in the first quarter of 2024,…