All Articles

Regulation, Risk & Compliance

Saudi banks see marginal profitability gains amidst slight decline in net profit: Alvarez & Marsal

September 6, 2023

Time deposits are on an upward trajectory (+7.9 percent QoQ), as consumers choose to benefit from the higher yields Slowdown…

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Executive Moves

Mashreq announces appointment of Norman Tambach as Group Chief Financial Officer

September 6, 2023

Mashreq has  announced the appointment of Norman Tambach as its new Group Chief Financial Officer. In this pivotal role, Norman…

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Environment and Sustainable Investments

UAE announces $4.5bn initiative to support deployment of clean energy in Africa

September 6, 2023

COP28 President-Designate Dr Sultan Al Jaber has announced a UAE finance initiative that will provide $4.5bn to help tap Africa’s…

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Retail Banking

Bank of Sharjah acts as mandated lead arranger in a $500mln financing for the Govt. of Sharjah

September 6, 2023

Bank of Sharjah has continued to be committed to developing and expanding its financing efforts locally.    Accordingly, the Bank…

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Hedge Funds & Alternative Investments

Saudi Tadawul Group, Shanghai Stock Exchange sign agreement to boost cooperation

September 6, 2023

In an effort to bolster cooperation and promote mutual development, the Saudi Tadawul Group and the Shanghai Stock Exchange have…

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Uncategorized

GCC onshore asset management base to cross $500 billion by 2026

September 6, 2023

Around 70% of regional wealth in the Gulf Cooperation Council countries is currently held in offshore accounts, though that may…

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Regulation, Risk & Compliance

Saudi Arabia and Italy to sign 18 cooperation agreements across various sectors

September 5, 2023

In a bid to further deepen economic and trade ties, Saudi Arabia and Italy will sign 18 cooperation agreements across…

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FinTech

Emirates NBD looks to leverage the power of generative AI

September 5, 2023

Emirates NBD, a leading bank in the MENA region, has announced a roadmap to adopt generative artificial intelligence (AI) tools.…

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Property & Real Estate

Prices of luxury homes in Dubai surged 48% in past year

September 5, 2023

The prices of luxury homes in Dubai surged again in the past year, seeing Dubai maintain its top position in…

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Retail Banking

QCB announces receiving applications for 'Buy Now, Pay Later' service providers

September 5, 2023

Qatar Central Bank announced on Monday that it has officially opened the application process to obtain a license to provide…

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Hedge Funds & Alternative Investments

IFC to hire global consultant to develop investment strategy for Egypt

September 5, 2023

The Egyptian government plans to cooperate with the International Finance Corporation (IFC) to hire a global consulting firm to develop…

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Retail Banking

J.P. Morgan Payments selects Network International as strategic partner to drive payments acquiring in the Middle East

September 5, 2023

Network International has announced a partnership with J.P. Morgan Payments to strengthen the bank’s acquiring offering.   J.P. Morgan Payments…

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