Lebanon central bank chief did not attend French fraud hearing – judicial source
Lebanon’s central bank chief did not attend a hearing in Paris on Tuesday where French prosecutors were expected to press…
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Herbert Smith Freehills announces the opening of its Riyadh office
International law firm Herbert Smith Freehills has launched in Riyadh after it was one of the first international law firms…
Saudi Arabia modernises arbitration rules
Saudi Arabia has introduced new rules for commercial arbitration that emphasise the use of technology and empower tribunals to hold…
Ahlibank earns Best Private Bank in Oman award at Banking Excellence Awards 2023
As part of its journey towards excellence and innovation in the banking sector, ahlibank, one of the fastest growing banks…
Geneva family office adds Arab Bank veteran to advisory board
NewOak, a Geneva-based multi-family office, has appointed Jean Kamitsis to its advisory board. Kamitsis is a recently retired banker…
Al Baraka Bank-Egypt records higher net profits in Q1-23
The consolidated net profit after tax of Al Baraka Bank-Egypt hit EGP 445.68 million in the first quarter (Q1) of…
Khalifa Fund signs an MoU with Wio Bank
Khalifa Fund for Enterprise Development has signed a Memorandum of Understanding with Wio Bank PJSC – the region’s first platform…
Dubai’s luxury residential market forecast to grow 13.5% in 2023 amid higher demand
Dubai's luxury residential market is projected to record the highest growth rate for any prime market globally, at 13.5 per…
Saudi’s Arab National Bank to invest $38 million in Iraq to set up new bank
The Arab National Bank will invest $38.2 million, representing a 20 percent share, in setting up the ‘Arab Bank of…
The Family Office named best user experience solution provider in MEA Finance Banking Technology Awards 2023
During the MEA Finance Banking Technology Awards 2023 ceremony in Dubai on 11 May 2023, The Family Office was named…
Saudi Arabia selling two-tranche dollar sukuk
Saudi Arabia returned to the debt markets on Monday for the second time this year, offering dollar Islamic bonds with…
Dukhan Bank wins four accolades at MENA Banking Excellence Award 2023
In recognition of its excellence in private banking services and innovative digital banking solutions, Middle East Economic Digest has honoured…