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Comment & Analysis

GCC banks to prove resilient in 2024 with UAE, Saudi banking systems leading: S&P Global

February 2, 2024

S&P Global‘s ‘GCC Banking Sector Outlook 2024’ reveals a challenging yet optimistic perspective. Despite geopolitical uncertainties and potential economic headwinds,…

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Executive Moves

Barclays Veteran Joins $4 Billion Wealth Firm Azura in Dubai Bet

February 2, 2024

Wealth manager Azura hired former Barclays Plc executive Hazem Shish to build up its deal-making operations in Dubai as it…

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Family Office

UAE turns into a magnet for family offices – and they are not just thinking regional

February 1, 2024

The ascent of family offices in the Middle East signifies a profound shift in wealth management amidst the dynamic growth…

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Retail Banking

NBK reports KD 560.6mln in net profits for financial year 2023

February 1, 2024

Al-Bahar:   The Board of Directors proposes cash dividends of 25 fils per share for 2H2023, bringing the total dividend…

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Hedge Funds & Alternative Investments

Egypt: Afreximbank leads BADEA’s first social bond

February 1, 2024

The African Export-Import Bank (Afreximbank) announced that it has successfully acted as Joint Global Coordinator for the first €500m RegS-only…

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Regulation, Risk & Compliance

CBUAE maintains the base rate at 5.40%

February 1, 2024

The Central Bank of the UAE has decided to maintain the Base Rate applicable to the Overnight Deposit Facility (ODF)…

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Awards and Recognition

Alkhabeer Capital ranks 3rd best workplace across Saudi Arabia’s small and medium-sized enterprises

February 1, 2024

Great Place to Work® Middle East ranks Alkhabeer Capital as the third-best workplace within Saudi Arabia’s SMEs and First among…

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Financial Results

Boubyan Bank makes KD 80.4 mln in profit for '23

February 1, 2024

Boubyan Bank announced a net profit of KD 80.4 million, (approx. USD 261 million); 39 percent in growth compared to…

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Hedge Funds & Alternative Investments

Gulf Medical University and Knight Frank launch joint internship

February 1, 2024

Gulf Medical University is teaming up with Knight Frank to launch a new internship program for students seeking to kickstart…

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Insurance

UAE Central Bank issues $327,000 fine to insurance company

February 1, 2024

The Central Bank of the UAE imposed a financial sanction on an insurance company operating in the country.   The…

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Regulation, Risk & Compliance

Sharjah Asset Management – Ecosystem partner for the Sharjah Entrepreneurship Festival 2024

February 1, 2024

Sharjah: Sharjah Asset Management Company, the investment arm of the Sharjah government, is participating in the 7th edition of the…

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Retail Banking

Standard Chartered starts Egypt operations to solidify MENA presence

January 31, 2024

British lender Standard Chartered Bank has expanded its footprint in the Middle East and North Africa (MENA) region with the…

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