Saudi Arabia’s retail e-payments responsible for 70% of all transactions: SAMA
The share of retail consumer electronic payments in Saudi Arabia surged to 70 percent of total transactions in 2023, up…
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In March, UAE businesses turn more bullish as they add jobs and take on new orders
The pace of hiring in UAE's private sector increased for a second straight month in march, as businesses took on…
New global platform for central bank digital currencies to change how we bank?
Do you keep seeing the word ‘SWIFT’ whenever you bank or transact money across countries? It is simply a central…
Saudi Arabia will bear government fees of displaced expats from neighboring countries
Saudi Arabia will bear the government fees of displaced citizens from neighboring countries, who are permitted to stay and rectify…
CBUAE balance sheet soars to touch $200bln by end of January 2024
The Central Bank of the United Arab Emirates saw its balance sheet soar to touch AED734.61 billion at the end…
First Abu Dhabi Bank and Microsoft team ion AI innovation hub
First Abu Dhabi Bank (FAB) and Microsoft will collaborate in developing new AI-based banking capabilities under a strategic business partnership…
ACI Worldwide and Arab Financial Services Look to Drive Payments Modernisation Across MEA Region
ACI Worldwide, the real-time payments software provider, has partnered with Arab Financial Services (AFS), the Middle East and Africa region’s…
Standard Chartered picks new investment banking heads for Pakistan, other regions
Standard Chartered has picked new regional heads for its corporate and investment banking business (CIB), according to a person with…
UAE banking system’s capital ratios remained well above capital requirements in Q4-23: CBUAE
The UAE banking system’s capital ratios remained well above the capital requirements at 17.9% for the Capital Adequacy Ratio and…
Dubai Financial Market sees 103 percent surge in investor accounts in Q1 2024
The Dubai Financial Market (DFM) has reported a remarkable surge in new investor accounts during the first quarter of 2024,…
Norton Rose Fulbright expands Dubai Projects practice with new partner hire
Prakruthi has extensive experience working on energy and infrastructure projects globally, including many first-of-a-kind projects in the energy transition space.…
Akef El Maghraby appointed as Suez Canal Bank’s new CEO and managing director
New boss at the helm of the Suez Canal Bank: Suez Canal Bank has appointed our friend Akef El Maghraby…