Turkish banks secure $40m Murabaha deal with ITFC to boost private sector financing
Turkiye’s private sector is poised to benefit from Murabaha financing, with two of the country’s banks signing a total funding…
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Binance withdraws Abu Dhabi licence bid as crypto giant weighs structure
Binance has withdrawn an application for an Abu Dhabi licence, the latest sign that the giant crypto exchange is reassessing…
FAB Private Banking launches fund to support UN Sustainable Development Goals
Investment strategy concentrates funds towards achieving sustainable outcomes Proportion of management fees allocated to non-profit programmes or projects …
Saudi Arabia offers tax incentives for companies moving regional HQs to Riyadh
Saudi Arabia said on Tuesday it will offer tax incentives for foreign companies that locate their regional headquarters in the…
Hackers are targetting UAE, Saudi businesses’ cloud services — survey
Hackers are increasingly targeting the cloud infrastructure of companies in the UAE and Saudi Arabia, according to new research released…
Sherif Kamel, Dean of AUC’s school of business, appointed to the board of the Central Bank of Egypt
Sherif Kamel ’88, ’90, ’13, professor and founding dean of AUC’s School of Business, has been appointed to the board…
Saudi Q3 GDP shrinks 4.4% y/y – gov't data
Saudi Arabia's real gross domestic product contracted by 4.4% in the third quarter, government data showed on Thursday, as oil…
UAE planning to develop a national investment strategy -minister
The United Arab Emirates is working on developing a national investment strategy, its recently appointed investment minister, Mohamed Al Suwaidi,…
BOS Hires Former BNP Paribas Banker in Dubai
The private banking arm of OCBC has expanded its Dubai business with the hire of a former structured product expert…
UAE National Banks’ pledge to mobilise over AED 1trln in sustainable finance, reaffirming UAE leadership’s goals: UBF
UAE Banks Federation (UBF), the sole representative and unified voice of banks in the UAE, reaffirmed its commitment to support…
Abu Dhabi's Hub71 launches programme to support climate technology start-ups at Cop28
Hub71, Abu Dhabi's global technology system, has launched a programme to support climate technology start-ups, backed by some of the…
QIIB achieves ISO certification in cybersecurity
Qatar International Islamic Bank announced that it has obtained ISO 27001:2022 certification in cybersecurity, making it one of the first…