All Articles

FinTech

Doha Bank signs MoU with Karty to empower financial entrepreneurship, innovation in Qatar

February 1, 2022

Doha Bank has signed a memorandum of understanding (MoU) with Doha-based fintech startup Karty, in a strategic partnership aimed at…

Read More

Comment & Analysis

MENA investment banking fees rise as M&A activity soars in 2021

February 1, 2022

Investment banking fees in the Middle East & North Africa (MENA) totalled $1.4 billion in 2021, up 3 percent from…

Read More

FinTech

National Bank of Fujairah launches new account for SMEs, startups

February 1, 2022

National Bank of Fujairah (NBF) has announced the launch of the NBF Lite Bank Account for startups and small-and-medium-enterprises (SMEs)…

Read More

Financial Results

Mashreq Bank is latest UAE bank to confirm a Dh1b profit for 2021

February 1, 2022

Mashreq has become the latest UAE bank to report a Dh1 billion or plus profit for 2021, and providing more…

Read More

Executive Moves

Knight Frank expands real estate Valuation and Advisory expertise in the Middle East

February 1, 2022

Knight Frank Middle East continues its major expansion of its Valuation and Advisory operations across the Middle East region as…

Read More

Islamic Finance

New IsDBI book details practical ways of curtailing risk in Islamic Finance

February 1, 2022

The Islamic Development Bank Institute (IsDBI) has released a new book detailing the application of ‘heavy tails’ distribution techniques to…

Read More

Hedge Funds & Alternative Investments

ACWA Power signs MoU with Saudi EXIM Bank

February 1, 2022

ACWA Power,a leading developer, investor and operator of power generation, desalinated water and green hydrogen plants, signed a Memorandum of…

Read More

Financial Results

ADCB quarterly net profit up 44%

February 1, 2022

Abu Dhabi Commercial Bank, UAE's third-biggest lender, beat expectations with a 44% rise in fourth-quarter net profit, boosted by higher…

Read More

Tax

UAE to impose 9% corporate tax on businesses from June 2023

February 1, 2022

The UAE is to impose a nine percent corporate tax on businesses, effective next year, according to a statement published…

Read More

FinTech

Kuwait Credit Bank weighs issue of $3.30bln of bonds amid liquidity crunch

February 1, 2022

Kuwait Credit Bank, a state-owned lender that provides interest-free home loans, is in talks with banks and Oliver Wyman about…

Read More

Comment & Analysis

QNB continues to be most valuable banking brand in region

February 1, 2022

QNB Group, the largest financial institution in the Middle East and Africa, continues to be the most valuable banking brand…

Read More

Executive Moves

Goldman Sachs appoints executive director of private wealth management in Dubai

February 1, 2022

Goldman Sachs has hired Ahmed Parekh (pictured) as executive director, private wealth management, in Dubai.   Parekh will focus on…

Read More