Mastercard and Egyptian fintech Kashat sign five-year deal
In a move that will see enhanced financial services for people in Egypt, Mastercard and Egyptian fintech Kashat have signed…
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Biggest UAE Bank Poised to Make Offer to Buy Egypt’s EFG Hermes
First Abu Dhabi Bank PJSC is set to make an offer to buy EFG Hermes, in what could be the…
Central Bank of Bahrain issues new amendments
The Central Bank of Bahrain (“the CBB”) issued today amendments to the CBB Rulebook Volume 5 (Type 3: Financing Companies),…
Abu Dhabi authority enhances regulatory framework to broaden participation in private capital markets
The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has updated its regulatory framework to enable and…
Global property consultancy boosts team
Global property consultancy Knight Frank has in recent months added three new partners to its team in the Middle East,…
Lower expenses push SAIB’s net profit to $283m during 2021
Profits of the Saudi Investment Bank, also known as SAIB, have jumped to SR1.06 billion ($283 million) during 2021, bolstered…
Bank brokerages bolster their share in QSE trade turnover in January
The banks’ brokerage subsidiaries by and large saw their share in the overall trade turnover expand considerably in the Qatar…
Private sector becoming a key driver of Qatar's economic diversification: USQBC
Qatar’s private sector is quickly becoming a driver of the country’s growth and taking the lead to diversify the economy,…
Barclays appoints Head of Corporate Banking, Asia Pacific and Middle East
Barclays has announced the appointment of Pushkaraj (Push) Gumaste as Head of Corporate Banking, Asia Pacific and Middle East. Based…
QDB launches second phase of digital platform 'NUMU'
Qatar Development Bank (QDB) has launched the second phase of the digital platform ‘NUMU,’ which provides entrepreneurs with financing services…
Dubai's SHUAA Capital Files With SEC for Potential SPAC Listing in NY
Dubai-listed investment bank SHUAA Capital said on Tuesday it has filed a registration statement with the U.S. Securities and Exchange…
Ajman Bank 2021 net profit surges 117% to Dh116.2 million
Ajman Bank on Monday said its annual profit surged 117 per cent last year to Dh116.2 million while net operating…