Saudi Arabia prepares to offer its first green bond
The Saudi government and the kingdom’s sovereign wealth fund are preparing to launch green bonds in the coming months, according…
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Corporate segment to drive Saudi Alinma Bank's financing growth
The corporate segment will continue to drive financing growth at Saudi Islamic lender, Alinma Bank, said the Riyadh-based Aljazira Capital…
Dubai regulator unveils sustainable finance task force in DIFC
The Dubai Financial Services Authority (DFSA) has launched a task force on sustainable finance (TFSF) in the Dubai International Financial…
Saudi Arabia allocates independent budget to free zones authority
Saudi Arabia has allocated an independent annual budget to the Economic Cities and Zones Authority (ECZA), to transform the Kingdom…
Fraudulent activity spirals due to digitisation and remote working
The number of fraud cases in Middle East businesses has risen significantly during the Covid-19 pandemic, according to Deloitte’s latest…
“Hermes Holding” becomes a comprehensive bank in Egypt
EFG announced to shareholders that Hermes Holding has succeeded in transforming itself into a comprehensive bank in the Egyptian market…
Fitch Affirms Abu Dhabi Islamic Bank at 'A+'; Outlook Stable
Fitch Ratings has affirmed UAE-based Abu Dhabi Islamic Bank's Long-Term Issuer Default Rating (IDR) at 'A+' with a Stable Outlook…
Fitch Affirms HSBC Bank Middle East at 'A+'; Outlook Negative
Fitch Ratings has affirmed UAE-based HSBC Bank Middle East's (HBME) Long-Term Issuer Default Rating (IDR) at 'A+' with a Negative…
Dubai says gold-trading allegations are 'lies' and 'attacks'
Dubai’s commodities exchange rejected claims it doesn’t do enough to regulate its gold business, while the United Arab Emirates government…
DIFC Court clarifies its jurisdiction in long-running Abraaj claim
The Dubai International Financial Centre (DIFC) Court has confirmed it has jurisdiction to hear a $600 million professional negligence claim.…
Liechtenstein Confirms Probe into Lebanon’s Central Bank Governor
Liechtenstein’s judicial authorities have a “pending money laundering investigation” in relation to Lebanese central bank governor Riad Salame, the country’s…
Mubadala Capital Commences Operations as a Wholly Owned Asset Management Subsidiary of Mubadala Investment Company
Mubadala Investment Company (“Mubadala”), the Abu Dhabi-based sovereign investor managing a global portfolio of assets valued at US $243 billion,…