UAE banks lead sustainable financing, initiatives ahead of COP28
UAE national banks are advancing sustainable financing and climate initiatives, as part of the government’s broader strategy to promote sustainable…
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SICO appoints Maryam AlMohri as acting Chief Risk Officer
SICO has announced the appointment of Maryam AlMohri as Acting Chief Risk Officer. This step underscores SICO’s commitment to developing…
Moody’s upgrades United Arab Bank’s outlook from ‘stable’ to ‘positive’
Moody’s Investors Service (Moody’s) has reaffirmed United Arab Bank’s long-term deposit ratings and improved the outlook on their ratings from…
First Iraqi Bank Chairman, Kawa Junaid, honored with Best Entrepreneur of the Year Award
The Chairman of First Iraqi Bank, Mr. Kawa Junaid has been recognized as the Best Entrepreneur of the Year at…
Baker McKenzie bolsters Middle East banking and finance practice with new partner hire in the UAE
Leading international law firm Baker McKenzie has hired Adil Hussain from Clyde & Co as Partner and Head of the…
ADQ-backed ADC announces landmark SPAC merger deal with United Printing & Publishing
In what is the first-ever SPAC (Special Purpose Acquisition Company) merger deal in the Middle East, ADC Acquisition Corporation (ADC)…
Citi appoints Tahany Taher as UAE Head of Citi Commercial Bank
Citi has appointed Tahany Taher as Head of Citi Commercial Bank in the United Arab Emirates (UAE). Tahany assumed her…
Quantuma brings deal advisory and turnaround offering to the region
Quantuma has launched its Deal Advisory and Turnaround practice in the region. Celebrating its 2-year anniversary this month, Quantuma…
KBBO Group restructuring receives creditor and court approval
A plan to restructure Abu Dhabi-based investment firm KBBO Group and its hospital unit has received court approval following months…
RAK Properties launches ‘Cape Hayat’ in Mina Al Arab
Studios, one and two-bedroom units and penthouses available for purchase from 22 September RAK Properties PJSC has announced the launch…
Top UAE banks’ combined H1 2023 profit hits $7.4bn
The four biggest banks in the UAE reported a combined net profit of $7.4bn, a 71 per cent increase compared…
Introducing The London Institute of Banking & Finances’ new FinTech glossary
In a bid to cater to the unique financial technology landscape of the Middle East and North Africa (MENA) region,…