UAE targets Asian firms to become crypto hub: Crypto Wrap
The UAE is in talks with Asian firms seeking to relocate to the Gulf nation, as part of efforts to…
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Gulf sovereigns seen issuing less in 2022, corporate bond sales to rise
Overall debt issuance from the Gulf is expected to decline next year, as sovereigns issue less bonds due to improved…
Al Baraka Islamic Bank Receives Double Recognition at the IRBA 2021
Al Baraka Islamic Bank has recently received double recognition from the 7th Islamic Retail Banking Awards (IRBA) 2021, which include…
Kuwait's National Real Estate sells stake in Iraq unit for $15mln
Kuwait's National Real Estate Company (NREC) said it has sold its entire shares in a subsidiary in Iraq for 4.54…
SAIB's board recommends highest dividend since 2016; 33% capital hike
The board of Saudi Investment Bank, known as SAIB, has recommended its highest cash dividend since 2016, at SR0.7 per…
Dubai Islamic Bank launches Rabbit 'FunTech' app aimed at tech-savvy customers
Dubai Islamic Bank, the UAE’s biggest Sharia-compliant lender, launched Rabbit, a “fun” digital offering that seeks to attract more technology-savvy…
Commercial Bank of Dubai PSC's investors will be pleased with their 3.6% return over the last five years
Ideally, your overall portfolio should beat the market average. But even the best stock picker will only win with some…
Some investors turn cautious on Egypt's lucrative carry trade
Some foreign investors are becoming cautious about buying domestic Egyptian treasuries due to jitters over emerging markets and the sustainability…
Gulf states must revive plans for a common currency
In these past 40 years, the Gulf states have achieved significant progress on economic cooperation, starting with the abolition of…
Etisalat’s blockchain arm crosses Dhs10bn
Etisalat Digital’s blockchain arm UAE Trade Connect (UTC) has handled over Dhs10bn worth of invoices in its first eight months…
NIC appoints Gulf Bank as selli agent of Al Wataniya Fund
In a major move towards developing new collaborations that aim to enhance the partnership between the investment companies and Kuwaiti…
Kuveyt Türk receives Islamic banking award from int’l institution
Istanbul-based lender Kuveyt Türk, the country's leading Turkish Islamic finance – commonly known as participation finance – institution, was deemed…