Saudi fintech firm EdfaPay raises $1.6mln
Saudi-based fintech company EdfaPay has raised 6 million riyals ($1.6 million) in a pre-seed round. The funding round was…
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UAE's credit bureau introduces app to curb bounced cheques
The UAE’s Al Etihad Credit Bureau (AECB) has launched a mobile application which can assess how likely a cheque will…
UAE's Mubadala leads $500mln investment round for Princeton Digital
Abu Dhabi's strategic investor Mubadala Investment Company led an equity round of more than $500 million for Princeton Digital Group…
Qatari prince sells Parisian mansion for $305mln
A Parisian mansion owned by Qatar’s Prince Abdullah bin Khalifa al-Thani has been sold for €200 million ($305 million) to…
Arab rulers, spy chiefs stashed millions in Swiss bank, shows data leak
A data leak from the bank Credit Suisse has opened a peephole into the private wealth of several powerful figures…
Sovereign sukuk to fall to $73bln this year; Saudi Arabia leads decline: Moody’s
Global sovereign sukuk issuance is expected to drop to $73 billion this year on the back of narrowed fiscal deficits,…
Seba Bank opens Abu Dhabi office
SEBA Bank has announced that it has secured an FSP from Abu Dhabi Global Market’s Financial Services Regulatory Authority effective…
EDB chief Ahmed Al Naqbi wins accolade for banking transformation in UAE
Ahmed Al Naqbi, chief executive of Emirates Development Bank, has been ranked “Best CEO for Banking Transformation in the UAE…
Saudi PIF-owned ADES secures $1.6bln from banks
ADES Arabia Holding, a company owned by Saudi Arabia’s Public Investment Fund, has secured a $1.6 billion loan from a…
Doha Bank enhances online banking platform
Doha Bank has announced the launch of new services on trade finance products under Tadbeer, its integrated transaction banking platform…
Banks post impressive growth last year
Qatari banks have delivered impressive results in 2021 despite challenging situation created by COVID-19 outbreak. QNB, QIIB, Masraf Al Rayan,…
StanChart appoints 3 Bahraini women to senior positions
Standard Chartered recently announced the appointment of three senior Bahraini women for leadership positions at the bank. Deena Al…