Citi to transform EMEA headquarters in major London refurbishment
Citi has announced its intent to transform its London headquarters, home to its UK and EMEA (Europe, Middle East and…
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SABB sponsors the 5th Riyadh Industrialists Council
The Saudi British Bank (SABB) was the strategic sponsor of the fifth session of the Riyadh Industrialists Council, which aims…
KPMG: Saudi Arabian insurance firms pursued digitalization and expected to close year-end with higher top-line
Insurance companies in Saudi Arabia continued their top-line growth momentum at the end of Q3 2021, with a matching trend…
Dubai largest bank say net profits jumped in 2021 as economy rebounded
Dubai's largest bank, Emirates NBD, announced Wednesday that its net profits jumped in 2021, as the economy of the Gulf…
Moody’s upgrades MedGulf’s IFSR to Ba1
Moody’s Investor Service has upgraded the insurance financial strength rating (IFSR) of the Mediterranean and Gulf Insurance and Reinsurance Company…
Ithmaar Bank relaunches prize scheme
Ithmaar Bank has relaunched its Thimaar savings account, offering its holders 2,016 prizes. The Bahrain-based Islamic retail bank will…
The luxury car market in the UAE is witnessing growth in 2022
Leading the UAE's automotive industry and offering a vast range of extravagant vehicles, The Elite Cars is expecting continued growth…
Alizz Islamic Bank announces restructured Bushra Account
Adding a new set of monthly profits on customer deposits, Alizz Islamic Bank recently announced the restructuring of its Bushra…
Deutsche Bank blames client in $565m false sales lawsuit
Deutsche Bank AG turned the blame on an ex-client for crippling losses it suffered investing in risky foreign exchange derivatives…
Open Banking Exchange launches in Saudi Arabia
This announcement comes twelve months after the Saudi Central Bank (SAMA) announced its open banking policy, designed to support Vision…
Abu Dhabi issues new family business ownership governance law
Sheikh Khalifa bin Zayed Al Nahyan, the UAE President and Ruler of Abu Dhabi, has issued a new family business…
Emirates Islamic's net profit grows to AED 823mln for FY 2021
Emirates Islamic’s net profit jumped to AED 823 million for 2021 on higher non-funded income and a significant reduction in…