New Lab Paves Way for Saudi Arabia’s Open Banking Launch
The Kingdom of Saudi Arabia has launched an Open Banking Lab for banks and FinTechs. The new lab, announced…
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Mubadala, US-based Resilience to manufacture biopharma in UAE
Mubadala Investment Company (Mubadala), an Abu Dhabi sovereign investor, and US-based National Resilience (Resilience), a technology-focused manufacturing company, have signed…
Investment banking fees generated in MENA reach $1.6bn in 2022, up 5%
Even as global investment banking fees declined by 33 percent last year compared to 2021, things were upbeat in the…
Qatar National Bank profit up 9% to $3.9bn
Qatar National Bank profits climbed significantly on the previous year, it says. The Qatar lender said net profit before…
UAE Central Bank issues new guidelines to combat money laundering
The UAE Central Bank has issued new guidelines for licenced financial institutions, including banks, finance companies, exchange houses and insurance…
Egypt highly supports FRA’s efforts in NBFS development: Madbouly
The Egyptian government is highly supporting the Financial Regulatory Authority’s efforts in developing all the non-bank financial services, Prime Minister…
UAE introduces federal level virtual asset regulation
The UAE Cabinet has introduced a new regulation governing virtual assets, which sets out the state’s first regulatory regime for…
SICO wins MENA’s Best Sukuk Manager and Bahrain’s Asset Manager and Broker of the Year 2022
SICO BSC has been recognized for the exemplary performance of its asset management and brokerage teams by the Global Investor…
Emirates NBD is first bank to issue Dirham-bond
Emirates NBD, one of the leading banks in the MENAT region, has announced the successful pricing of its inaugural AED…
QIIB announces the opening of nominations for membership of the Board of Directors
QIIB board of Directors announces the opening of nominations of membership of the Board of Directors for nine memberships in…
Investcorp set to invest $1bln in GCC real estate over next five years
Investcorp has announced that it is planning to invest up to $1 billion in the real estate market in the…
CEO of Türkiye’s top bank says capital boost to help it drive economy in 2023
An expected capital increase will help Türkiye’s Ziraat Bank to spearhead President Tayyip Erdogan's drive to boost economic growth and…