HSBC hires Credit Suisse Switzerland's alts chief
HSBC global private banking and wealth has hired Justine Kreis as head of alternatives Europe, Middle East and Africa (EMEA).…
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IMF, Egypt agree on ‘main elements’ of economic reform programme
The International Monetary Fund said on Thursday it had agreed with Egypt on the key policy components of an economic…
Emirates Development Bank recognized as best regional development bank at International Finance Awards
Emirates Development Bank ("EDB" or "the Bank"), the key financial engine of UAE economic development and industrial advancement, was recognized…
Saudi overtakes UAE as biggest insurance market amid diversification push
Saudi Arabia has overtaken the UAE as the largest market for insurance products, thanks to the kingdom’s ongoing push to…
Saudi banks’ credit up by 10% to reach $690bn in 2023
Increased credit to corporate activities propelled a 10 percent annual surge in loans for Saudi banks in 2023, reaching SR2.58…
GCC banks to prove resilient in 2024 with UAE, Saudi banking systems leading: S&P Global
S&P Global‘s ‘GCC Banking Sector Outlook 2024’ reveals a challenging yet optimistic perspective. Despite geopolitical uncertainties and potential economic headwinds,…
Barclays Veteran Joins $4 Billion Wealth Firm Azura in Dubai Bet
Wealth manager Azura hired former Barclays Plc executive Hazem Shish to build up its deal-making operations in Dubai as it…
UAE turns into a magnet for family offices – and they are not just thinking regional
The ascent of family offices in the Middle East signifies a profound shift in wealth management amidst the dynamic growth…
NBK reports KD 560.6mln in net profits for financial year 2023
Al-Bahar: The Board of Directors proposes cash dividends of 25 fils per share for 2H2023, bringing the total dividend…
Egypt: Afreximbank leads BADEA’s first social bond
The African Export-Import Bank (Afreximbank) announced that it has successfully acted as Joint Global Coordinator for the first €500m RegS-only…
CBUAE maintains the base rate at 5.40%
The Central Bank of the UAE has decided to maintain the Base Rate applicable to the Overnight Deposit Facility (ODF)…
Alkhabeer Capital ranks 3rd best workplace across Saudi Arabia’s small and medium-sized enterprises
Great Place to Work® Middle East ranks Alkhabeer Capital as the third-best workplace within Saudi Arabia’s SMEs and First among…