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Retail Banking

Moonfare launches digital private markets investing platform in the United Arab Emirates

July 28, 2022

Moonfare has announced that it has launched operations in the United Arab Emirates (UAE). Individual investors of all seven emirates, with the…

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Financial Results

Saudi lender Arab National Bank reports higher H1 profit of $360m

July 28, 2022

Saudi Arabia’s Arab National Bank has posted a 29 percent increase in profit during the first half of 2022.  …

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Regulation, Risk & Compliance

CBK raises discount rate by quarter percentage point

July 28, 2022

The Central Bank of Kuwait raised the discount rate by a quarter percentage point from 2.25 per cent to 2.50…

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Uncategorized

Oman’s financial wealth may reach $89bn by 2026

July 28, 2022

Oman’s financial wealth will experience a sturdy compound annual growth rate of 5.2 per cent over the next five years,…

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FinTech

Sheikh Hamdan to chair Higher Committee for Future Technology and Digital Economy

July 27, 2022

The Dubai Government has established the Higher Committee for Future Technology and Digital Economy.   Formed under the directives of…

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Executive Moves

GBM Oman appoints general manager

July 27, 2022

Gulf Business Machines  has announced the appointment of Mahmoud El Kordy as general manager for Oman. He will succeed Eddy…

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Tax

DCO whitepaper calls for multilateral dialogue on international digital economy taxation plans

July 27, 2022

The Digital Cooperation Organization has released a new whitepaper that is intended to encourage dialogue and debate around international taxation…

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Uncategorized

GCC’s Financial Wealth To Grow by 5.2% Annually, Reaching USD 3.5 Trillion by 2026

July 27, 2022

A new BCG report expects that the GCC's financial wealth will rise from USD 2.7 trillion in 2021 to a…

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Executive Moves

RAKBank appoints chief executive

July 27, 2022

National Bank of Ras Al Khaimah on Thursday said it has appointed Raheel Ahmed as its new chief executive.  …

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Financial Results

RAKBank reports 60% increase in Q2 net income as bad loans drop and interest income rise

July 27, 2022

National Bank of Ras Al Khaimah reported a 60 per cent increase in second quarter net income, as interest income…

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Financial Results

Qatar banking sector total assets scale up 1.7% m-o-m to reach QR1.846tn in June: QNBFS

July 27, 2022

Qatar banking sector’s total assets have scaled up 1.7% month-on-month (m-o-m) and 1% this year until June to reach QR1.846tn,…

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Hedge Funds & Alternative Investments

In Dubai, residents find rent renewals offer cheaper option in H1-2022

July 27, 2022

Is your landlord demanding a rental hike? And quite a big increase at that?   Landlords in Dubai are doing…

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