DFSA fines bank Mirabaud $3m for anti-money laundering controls failings
The Dubai Financial Services Authority issued a statement stating that it imposed a fine of $3,022,500 (Dhs11,100,131) on the bank…
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Dubai’s Biggest Lender Names Asarpota CEO of Investment Bank Arm
Emirates NBD PJSC appointed Hitesh Asarpota as chief executive officer of its investment banking division, replacing Mohammad Al Bastaki, who…
Saudi Central Bank approves insurance rules for fintech sector
Reaffirming its ongoing efforts to improve the insurance sector, Saudi Central Bank has approved laws to provide fintech firms with…
Saudi Arabia’s Social Development Bank wins major award
The Social Development Bank has been honored by Asian Banking and Finance — the leading industry organization serving Asia’s financial…
Dubai Chamber of Commerce marks significant step in strengthening bilateral trade and investments with launch of Serbian Business Council
Mohammad Ali Rashed Lootah: “Over the years, we have successfully established enduring relationships with Serbian companies and organisations. Today, we…
Aldar's Q2 2023 net profit rises 52%
Group H1 2023 Highlights Cross-platform growth gathers pace fueled by the execution of development revenue backlog, strong quarterly development…
Dubai's Shuaa Capital launches Saudi-focused fund
Dubai-based investment bank Shuaa Capital has launched a new Shariah-compliant fund focused on Saudi Arabia equities. The new fund,…
Kuwait International Bank rolls out corporate online banking platform
Kuwait International Bank has announced the launch of its all-new Corporate Online Banking platform, heralding a new phase of financial…
KIB launches all-new state-of-the-art corporate online banking platform
Kuwait International Bank (KIB) has announced the launch of its all-new Corporate Online Banking platform, heralding a new phase of…
How AI and blockchain technologies are shaping financial markets in the GCC
It didn’t take long for Artificial Intelligence (AI) and Blockchain technologies to impact companies, as their rise is gradually shaping…
The Family Office unveils ‘Fintech Lab’ offering unmatched digital investment experience
The Family Office, a leading wealth manager in the GCC, has announced the launch of its new “fintech lab” at…
Citi appoints new CEO for its business in Kuwait
Citi has recently announced the appointment of Omar Amireh as the new Chief Executive Officer (CEO) for its business in…