UK Court Orders Lebanese Banks to Pay $4M to Saver
A London court has ordered two Lebanese banks to pay a depositor $4 million of his money locked in Lebanon’s…
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Abu Dhabi wealth fund cuts jobs in effort to save 1b dirham in costs
Abu Dhabi Investment Authority (ADIA), one of the world's largest sovereign wealth funds, has cut dozens of jobs over the…
Standard Chartered Gets Greenlight In Egypt
Standard Chartered received the green light to launch full-fledged banking operations in Egypt. The arrival of the UK lender marks…
Concerns about future Gulf Bank credit risk
Credit risk concerns for future Gulf Banks.Deteriorating asset quality can hinder the role of banks in credit provision The…
Ajman’s Department of Finance 'Fursan Robots' wins UAE Innovates 2022
The Ajman's Department of Finance has won an award at the UAE Innovates 2022 under the category "Most Innovative Use…
UAE Central Bank approves creation of 5,000 jobs for UAE nationals by 2026 in banking, finance
The board of the Central Bank of the UAE (CBUAE) announced that it had approved the creation of 5,000 new…
Omani official looks to build on buoyant trade ties with Qatar
The Undersecretary of the Ministry of Commerce, Industry and Investment Promotion in the Sultanate of Oman, Assila bint Salem bin…
EDB and Saudi Arabia's Social Development Bank in talks to deepen collaboration
The UAE’s Emirates Development Bank (EDB) and Saudi Arabia’s Social Development Bank are in talks to expand collaboration to support…
General Tax Authority signs Memorandum of Cooperation with Ministry of Interior
The General Tax Authority (GTA) signed yesterday a memorandum of cooperation with the Ministry of interior, represented by the Economic…
Islamic insurance firms Dar Al Takaful, Watania agree on potential merger
The boards of Islamic insurers Dar Al Takaful PJSC, based in Dubai, and Abu Dhabi’s National Takaful Company (Watania) have…
Western Union partners with Banque Saudi Fransi for digital money transfers
Western Union, a global leader in cross-border, cross-currency money movement and payments, has collaborated with Banque Saudi Fransi, one of…
Alkhabeer Capital appoints Chairman
Alkhabeer Capital, a prominent asset manager specialising in Shari’a-compliant investments and financial services, has appointed Ammar Ahmed Saleh Shata to…