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Islamic Finance

Islamic Development Bank’s climate financing reaches 32% of overall funding: chairman

October 9, 2023

As part of its commitment to addressing the climate crisis, Saudi Arabia’s Islamic Development Bank has made notable advancements in…

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Hedge Funds & Alternative Investments

QFC and KIFC strengthen partnership for financial sector growth

October 9, 2023

The Qatar Financial Centre Authority (QFCA), the legal and tax arm of the Qatar Financial Centre (QFC), a leading onshore…

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Retail Banking

Egypt banks set new limits for cash withdrawals, purchases abroad

October 9, 2023

The Arab African International Bank suspended the use of debit cards outside Egypt, setting new limits on withdrawals and purchases…

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Retail Banking

Qatar banking sector total assets rise by 0.3% in August

October 9, 2023

Qatar banking sector total assets increased 0.3% month-on-month (MoM) (down 1.6% in 2023) in August 2023 to reach QR1.874 trillion.…

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Awards and Recognition

Emirates NBD launches new digital wealth platform

October 9, 2023

Emirates NBD has launched a digital wealth platform that allows customers to trade securities and ETFs on both global exchanges…

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Legal

Dentons advises the Islamic Development Bank on sukuk issuance

October 6, 2023

Dentons has advised the Islamic Development Bank (IsDB) on the issuance of US$1.75 billion trust certificates under its US$25 billion…

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Retail Banking

Kuwait banks deposit with foreign banks plummet 17.6 pct in 2023

October 6, 2023

Local banks experienced a significant drop in their deposits with foreign banks during the first eight months of 2023, registering…

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Regulation, Risk & Compliance

Egyptian banks suspend debit card use in foreign currency

October 6, 2023

At least two Egyptian banks have suspended the use of Egyptian pound debit cards outside the country to stop a…

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Comment & Analysis

Buying or selling your investments? Fear of losing money is hurting your profit margins

October 6, 2023

It’s common for any investor to wish being better off holding onto a profitable investment for a tad longer or…

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Legal

GCC Financial, Economic Cooperation Committee holds 120th meeting in Muscat

October 6, 2023

The GCC Financial and Economic Cooperation Committee today held its 120th meeting in Muscat under the chairmanship of Finance Minister…

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Hedge Funds & Alternative Investments

Abu Dhabi’s Ethmar acquires nearly 70% stake in BHM Capital

October 6, 2023

Abu Dhabi-based EIH Ethmar International Holding has acquired through its subsidiary a nearly 70% stake in Dubai-listed BHM Capital Financial…

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Environment and Sustainable Investments

UAE starts wind energy project that can power 23,000 homes

October 6, 2023

The UAE has commenced operations of its first utility-scale wind project that can power 23,000 homes and displace 120,000 tonnes…

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