All Articles

Retail Banking

Standard Chartered Bank aims to boost Saudi-China economic ties with strategic expansion

March 19, 2024

Saudi Arabia offers significant growth potential for foreign banks operating in the Kingdom to meet the increasing demand from Chinese…

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Retail Banking

Saudi Arabia banking sector witnessed robust growth in 2023: A&M report

March 19, 2024

Top Saudi banks demonstrated strong performances in 2023, with operating income growing by 9.5 percent, driven by non-interest revenue, according…

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Hedge Funds & Alternative Investments

Alvarez & Marsal releases Saudi Arabia banking pulse for FY 2023

March 18, 2024

Sector saw slight decline in cost of risk (COR), indicating a marginal decrease in total impairments.   Record Government Related…

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Retail Banking

QIB launches ‘Transfer Salary & Finance Campaign’

March 18, 2024

Qatar Islamic Bank, Qatar’s leading digital bank, has announced the launch of its Cash Bonus campaign. Customers are encouraged to…

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Retail Banking

QIB wins three awards, crowned digital bank of the year in Qatar for the 4th year in a row from the asset

March 18, 2024

Qatar Islamic Bank (QIB), Qatar’s leading digital bank, has recently received three awards at The Asset Triple A Digital Awards.…

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Islamic Finance

Bank of Sharjah acts as mandated lead arranger in a $800 million credit facility for Investcorp Capital

March 18, 2024

Investcorp Capital recently raised $800 million in a four-year syndicated revolving credit facility. The transaction garnered significant interest from the…

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FinTech

Abu Dhabi sets up investment firm to achieve AI ambitions

March 18, 2024

The United Arab Emirates is inching forward with plans to become the leading artificial intelligence hub in the Middle East…

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Comment & Analysis

UAE banking sector poised for continued growth in 2024

March 18, 2024

The UAE banking sector continued its growth momentum last year and is poised for further growth and recovery in 2024,…

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Executive Moves

Gulf International Bank appoints Yaseen al Lawati as head of Oman branch

March 18, 2024

Bahrain-based Gulf International Bank has announced the appointment of Yaseen al Lawati as the Head and Branch Manager for GIB…

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Tax

Dubai: Will customers pay more after 20% new tax on foreign banks?

March 18, 2024

Analysts hold differing opinions when assessing the impact of the recent announcement of a 20 per cent tax on foreign…

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Uncategorized

Gulf millennials set to inherit $90trln in 20 years

March 18, 2024

Over the next 20 years, Gulf millennials, or people born between 1981 and 1996, along with their peers across the…

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Executive Moves

New partner bolsters law firm’s banking and finance practice

March 15, 2024

The new partner joins the firm’s Cairo (Egypt) office and brings with him over two decades of extensive legal experience,…

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