All Articles

Hedge Funds & Alternative Investments

AFS relocates its UAE data center operations to Equinix Dubai International Business Exchange

August 24, 2022

Arab Financial Services has relocated its UAE data center operations to Equinix Dubai International Business Exchange (IBX) facilities in Dubai,…

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FinTech

Commercial Bank launches Google Pay in Qatar

August 24, 2022

Commercial Bank has announce the launch of Google Pay in Qatar, allowing customers to pay easily and securely with their…

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Regulation, Risk & Compliance

Saudi Central Bank approves two new Fintech companies

August 24, 2022

The Saudi Central Bank (SAMA) announced on Tuesday granting of permits to a new batch of companies: “Lean Technologies” and…

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Financial Results

Bahrain banks report 19.2% growth in non-interest income

August 24, 2022

Banks in Bahrain reported 19.2 per cent growth in non-interest income in the second quarter this year, the highest in…

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Financial Results

NBK-Egypt sees 9% higher profits in H1-22

August 24, 2022

The National Bank of Kuwait-Egypt (NBK-Egypt) reported net earnings of EGP 756.50 million (about KWD 13.80 million) during the first…

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Executive Moves

Mashreq appoints group head of marketing

August 24, 2022

Mashreq has appointed Muna Al Ghurair, as its new Group Head of Marketing & Corporate Communications. She brings over 20…

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FinTech

ADIB-Egypt and Simplifi partner to expand the digital payments ecosystem in Egypt

August 24, 2022

SimpliFi, a Cards as a Service (CaaS) platform for banking and FinTech industries in MENA and Pakistan, and ADIB Egypt,…

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Regulation, Risk & Compliance

UAE Data Protection Law: The requirements and ensuring compliance

August 24, 2022

On 2 January 2022, the United Arab Emirates (UAE) launched its Federal Personal Data Protection (PDP) Law – a new…

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Executive Moves

Faisal Shaikh and Hazim Almegren join Alvarez & Marsal

August 24, 2022

Global consulting firm Alvarez & Marsal has strengthened its senior team in the region with two new Managing Directors: Faisal…

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Hedge Funds & Alternative Investments

Moody’s downgrades APMI One’s senior secured debt rating to Ba1

August 24, 2022

Moody’s Investors Service on Tuesday downgraded the rating of fixed rate amortizing senior secured bonds issued by ACWA Power Management…

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Hedge Funds & Alternative Investments

Barings EMEA trust loads up on Middle East

August 23, 2022

The managers of the £80m Barings Emerging EMEA Opportunities trust have been investing heavily in the Middle East, which they…

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FinTech

Dubai fintech Huspy buys out Just Mortgages, Finance Lab to widen mortgage services base

August 23, 2022

The Dubai-based mortgage services fintech Huspy has acquired two brokerage firms – Just Mortgages and Finance Lab – to expand…

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