Egypt's Abu Dhabi Islamic Bank triples capital of subsidiary ADI-CF
The Egyptian Islamic bank, Abu Dhabi Islamic Bank (ADIB), announced it has increased the share capital of its consumer finance…
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UK, Oman Agree to Strengthen Economic Ties, Boost Investment
Britain and Oman have agreed to work more closely together to strengthen economic ties and increase high-value investment in areas…
GCC banks are on a recovery path in 2022, says report
DUBAI (S&P Global Ratings)-Gulf Cooperation Council (GCC) Banks are set to benefit from a regional economic recovery this year amid…
Lebanese judge imposes travel ban on central bank governor amid probe
A Lebanese judge said on Tuesday she had imposed a travel ban on central bank governor Riad Salameh, who is…
Saudi Arabia to establish first private equity fund for $26mln dedicated to tourism investing
Saudi Arabia's Tourism Development Fund, signed an agreement with investment solutions firm Derayah Financial to establish a SR100 million ($26…
BR Shetty: Barclays wins right to claw back $131m from NMC founder
Barclays can enforce a $131 million judgment to recover unpaid bills from embattled NMC Health founder Bavaguthu Raghuram Shetty following…
Digital transformation of banks: A long road to big rewards
In last year’s EFMA Infosys Innovation in Retail Banking survey of more than 1,000 bankers, 14 per cent said that…
United Arab Bank implements Complete Data Protection
Commvault, a recognised global enterprise software leader in the management of data across cloud and on-premise environments, has been selected…
UAE economy shifts course from recovery to solid growth
For nearly two years, the UAE economy has been cautiously charting its course through a massive global economic turbulence caused…
ADIB Egypt raises capital of its consumer finance company to $1.90mln
Abu Dhabi Islamic Bank (ADIB) Egypt has announced an increase in the issued and paid-in capital of the Abu Dhabi…
Promising outlook for global Sukuk market following robust 2021
Fitch Ratings-Dubai : “Growth will be anchored by robust Islamic investor appetite, funding diversification goals, and Islamic-finance development agendas in…
Saudi Arabia .. The biggest merger of the Bank and the Financial Group has come to an end
The National Bank of Saudi Arabia announced the completion of the $ 239 billion merger process between Al-Ahly Commercial and…