Fitch Affirms Dubai Islamic Bank at 'A'; Outlook Stable
Fitch Ratings has affirmed UAE-based Dubai Islamic Bank (Public Joint Stock Company)'s (DIB) Long-Term Issuer Default Rating (IDR) at 'A'…
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Sovereign fund focus on regional deals boosts Middle East's alternative asset investments
Private investors and sovereign wealth funds (SWFs) in the Middle East are increasingly shifting their attention to domestic and regional…
Diana Skrzypkowska joins Deloitte Consulting in Abu Dhabi
After more than seven years with Accenture, Diana Skrzypkowska has joined Deloitte in Abu Dhabi. Breaking the news on…
Most Saudi consumers are open to switching banks, says BCG
More than half of consumers in Saudi Arabia are open to switching to another bank, according to a new study…
SABB launches first Shariah-compliant Payables Finance Solution in Saudi Arabia
The Saudi British Bank (SABB), an affiliate of UK-listed HSBC Group, has launched a Shariah-compliant supply chain finance product to…
Al Baraka Islamic Bank taps Layer for digital banking transformation
Digital banking platform provider, Layer has today, announced the launch of its digital banking services with Al Baraka Islamic Bank…
Top US Treasury official urges UAE bankers over vital 'open communication' on illicit activities
Deputy US secretary of the Treasury Wally Adeyemo has called on UAE banking leaders have "open communication" as it was…
Pandora Papers reveal Emirati royal families’ role in secret money flows
The glass-and-steel office towers and luxury hotels along Sheikh Zayed Road are glittering reminders of Dubai’s rise from a cluster…
United Arab Emirates a go-to offshore haven for Africa’s political and business elite, leaked records show
In 2018, the son of the president of the island nation of Comoros was back home in the capital city…
BHM Capital reports net profit of AED 9.2mln in Q3 of 2021
BHM Capital has posted strong results, announcing net profit of AED 9.2 million for the nine-months ending 30th September 2021, with…
Human error undermines benefits of cloud adoption, finds research from Veritas
96% of respondents thought their cloud provider would be able to restore their files for them UAE employees more likely…
Standard Chartered appoints Head of CPBB for Africa & Middle East, and Europe
Standard Chartered has appointed Bongiwe Gangeni as Head, Consumer, Private & Business Banking (CPBB), Africa & Middle East, and Europe…