Saudi's SAMA bans banks from opening accounts for entities involved in illegal operations
The Saudi Central Bank (SAMA) has banned Saudi local banks from allowing the opening of accounts by entities that are…
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CFA Society Emirates announces the launch of the CFA Institute Certificate in ESG Investing in the United Arab Emirates
CFA Society Emirates, the local society of Chartered Financial Analysts, announced the launch of the CFA Institute Certificate in ESG…
Profits of Alinma Bank soar 38% to $722mln last year
Saudi Arabia’s Alinma Bank has recorded a 37.8 percent surge in 2021 profits, propelled by higher operating income. The…
Israel cenbank should be set to tighten if inflation gains further -IMF
Israel's central bank should be prepared to raise interest rates and taper foreign exchange intervention if inflation pressures intensify further,…
Will a new tax dent business-friendly Dubai?
Almost 90% of Dubai's population is made up of foreigners who flocked to the Gulf business hub for its yearlong…
Chasing sky-high valuations, Dubai bankers switch to tech sector
Faced with deal fees in the Gulf region a fraction of those in markets elsewhere, many Dubai bankers are handing…
Dubai Islamic Bank expects UAE to remain globally competitive after new corporate tax
Dubai Islamic Bank, one of the city’s biggest lenders, expects the United Arab Emirates to remain competitive after a new…
Profits of Bank Albilad soar to $450m in 2021
Saudi Arabia's Bank Albilad has reported over a 25 percent increase in its 2021 profits, driven by a rise in…
Bank AlJazira sees momentous profit rally, hitting over $268m
Saudi Arabia’s Bank AlJazira has seen its 2021 profits surge to over SR1 billion ($268 million), according to a bourse…
Turkish central bank begins distributing 2021 profits to shareholders
Turkey's central bank said on Thursday it had decided to pay advance dividends from its 2021 accounting period and distribute…
Oman Banks Association holds its first meeting of 2022
Oman Banks Association (OBA), held its Board of Directors meeting on February 2, 2022. Chaired by Mr. Abdul Hakeem Al…
Emirates NBD, Singapore’s APIX join hands to boost fintech innovation
Emirates NBD has announced a strategic partnership with fintech collaboration platform APIX Singapore, wherein it gets access to its network…