Egypt state banks setting up $85mln fintech innovation fund
Egypt's three biggest state-owned banks are setting up an $85 million financial technology fund that aims to accelerate innovation in…
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Makram Debbas and Sami Darouni on navigating the future of retail
As consumers change, GCC retailers must do more than keep pace. They must transform and anticipate their customers’ needs, providing…
Germany warns Qatar about inflows of Russian wealth
German Economy Minister Robert Habeck said on Monday that he spoke with Qatari officials about the Russian wealth flowing into…
Lebanon charges central bank chief with corruption
Lebanese Judge Ghada Aoun told various media outlets Monday that she had charged the head of the country's central bank,…
Scandal-hit Credit Suisse shakes up board with Schwan exit
The Board of Directors (Board) is proposing Mirko Bianchi, Keyu Jin and Amanda (Mandy) Norton for election as non-executive members…
Addition of the UAE to the FATF grey list
Following the addition of the United Arab Emirates to the Financial Action Task Force’s list of jurisdictions under increased monitoring…
Dubai’s Shuaa Capital acquires controlling stake in fintech Souqalmal
Dubai-based asset management and investment banking platform Shuaa Capital has acquired a controlling stake in Souqalmal as part of its…
KIA seeks to up investments; Capital markets targeted
The London branch of the Kuwait Investment Authority (KIA) has appointed executives from Barclays plc and the Carlyle Group in…
Rising public demand set to drive Islamic banks growth: Bahrain
Rising public demand for Islamic products and the expected improvement in operating environment is set to drive growth in Bahrain’s…
Profitability of top 10 listed banks in the UAE recovers significantly
The profitability of the UAE’s banking sector recovered significantly last year, according to a new report by Alvarez & Marsal,…
FAB joins global Partnership for Carbon Accounting Financials as part of its ‘net-zero’ commitment
First Abu Dhabi Bank, the UAE’s largest bank and one of the world’s largest and safest financial institutions, has become…
Dubai’s Shuaa Capital acquires majority stake in Souqalmal
Shuaa Capital, a Dubai-based asset management and investment banking platform, has completed a strategic investment in UAE-based fintech, Souqalmal. …