Dukhan Bank becomes Qatar’s 1st Islamic bank to go live on Kinexys blockchain network
Dukhan Bank has gone live on Kinexys by JP Morgan’s Blockchain Deposit Account network, making it the first Islamic bank…
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Former EFG Dubai CEO tipped to join J Safra Sarasin with big team
Former EFG Middle East CEO Ali Sandila is slated to join J Safra Sarasin, taking a large team of up…
Lombard Odier Strengthens Turkey Business with UBS Private Banker
Tuncay Yilmaz will join Lombard Odier as Market Head Turkey on 3 August. He will move from UBS, where he…
ASB Capital named joint lead manager and bookrunner on Ajman Bank’s inaugural $300 million AT1 sukuk
ASB Capital announced its appointment as joint lead manager and bookrunner on Ajman Bank’s (BBB+) inaugural $300 million Additional Tier…
EY appoints Anthony Rjeily as Business Consulting Leader for MENA region
Anthony Rjeily, the Managing Partner of EY’s Business Consulting practice in Canada, has relocated to Saudi Arabia to take on…
Saudi bank credit rises 7.3% as deposits grow to $835bn
Saudi Arabia’s banking sector continued to expand in June, with total bank credit rising 7.3 percent year on year to…
How Kuwait’s banks kept the financial system afloat during the Iraqi invasion
On Aug 2, 1990, Kuwait’s banking system was brought to a standstill. As Iraqi forces invaded Kuwait, bank headquarters and…
Knight Frank: Dubai industrial demand rises to 12.3mln sq ft during H1 2026 as UAE market begins to rebalance
Demand for facilities exceeding 100,000 sq ft rose to 27%, from 7.8% in H2 2025 in Dubai Dubai South recorded…
Federal Tax Authority and Dubai Police seize 3.5mln non-compliant excise goods packages
The Federal Tax Authority has announced that inspection campaigns carried out in cooperation with the General Department of Criminal Investigation…
Ghobash Group appoints Marc Veelenturf as Managing Director of CNS Middle East alongside the Group’s wider technology cluster
Ghobash Group has appointed Marc Veelenturf as Managing Director of CNS Middle East in addition to the Group’s broader technology…
Clime IM turns focus to mandates and partnerships
Clime Investment Management has shifted from business simplification to expanding recurring mandate revenue and strengthening strategic partnerships. For the…
Kuwait banks extend more credit despite slump in import finance
Kuwait’s banks continued to expand lending during the first half of 2026 despite a sharp slowdown in import financing, as…