Ray Dalio set to open branch of family office in Abu Dhabi
Ray Dalio plans to set up a branch of his family office in Abu Dhabi, part of the hedge fund…
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United Arab Bank reports financial results for the quarter ending 31st March 2023
Q1 2023 Highlights 80% increase in Q1 2023 Net Profit compared to Q1 2022 Net Interest income increased by 38%…
UAE launches global competition for sustainability-focused tech start-ups
All participating start-ups will be able to pitch their technologies and connect with investors and experts during the competition. Competition…
Sharjah Islamic Bank’s operating profit increased by 32% and net profit by 25% for the first quarter of 2023
Sharjah Islamic Bank (SIB) announced that its operating profit before provisions increased by 31.9 per cent , amounting to Dh327.7…
National Bank of Kuwait Q1 2023 net profit up 15%
National Bank of Kuwait (NBK), the Gulf country's largest lender, posted a net profit of 134 million dinars ($437 million)…
ADCB, Al Hilal Bank brings UK digital banking to UAE nationals
ADCB and its Shari’ah compliant digital banking subsidiary Al Hilal Bank have announced a new partnership with Bank of London…
Oman: CBO issues treasury bills worth $109.1mln
The Central Bank of Oman raised OMR42 million by way of allotting treasury bills on Tuesday. The value of…
Dubai may exceed pre-pandemic international tourist numbers in 2023
Dubai could exceed the pre-pandemic annual number of international visitors this year following a growing influx of tourists, according to…
Citi appoints Shamsa Al-Falasi as CEO of Citibank, N.A. UAE Onshore branch
Citi announced the appointment of Shamsa Al-Falasi as Chief Executive Officer of Citibank, N.A. UAE Onshore Branch, in the United…
Capital Bank of Jordan : Group Amongst Middle East's 50 Largest Banks in 2023 in Terms of Market Value
This ranking reflects the success of the group's strategy and ambitious plans for horizontal and regional expansion. According to…
Jordan Ahli Bank becomes first in the Middle East to integrate AI to customer service with "ahliGPT"
Jordan Ahli Bank launched its new artificial intelligence (AI) system "ahliGPT", becoming the first bank in the Middle East to…
Mbank partners with Dgpays to offer a digital wallet integrated with next-level financial solutions
Al Maryah Community Bank (“Mbank”), a leading digital bank in the United Arab Emirates, has partnered with Dgpays Group ("Dgpays”),…