UAE announces establishment of $10bln investment fund in Turkey
Turkey and the UAE will sign cooperation pacts for their wealth funds and stock exchanges during one of the highest-level…
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2 former government officials appear before Seychelles' Supreme Court in missing $50 million case
Two former high government officials appeared before the Seychelles' Supreme Court on Wednesday in connection with the ongoing investigation of…
Kuwaiti bank launches digital bank with ‘its own budget’
The National Bank of Kuwait has launched a digital bank called “Weyay” that will operate under its umbrella and will…
Authorities in Saudi Arabia sign environment and water deals to promote technology, scientific research
Officials in Saudi Arabia on Wednesday signed a strategic partnership agreement to establish a national data bank for plant genes…
National Bank of Bahrain targets a 25% market share: CEO
The National Bank of Bahrain is expanding its Islamic banking operations as part of its growth strategy, the bank’s CEO…
Expo Dubai: Mozambique Bets on Sustainability and Wants to Expand Economic Relations with the Emirates
Sustainability is the theme of Mozambique’s participation in Expo Dubai, and the country intends to take advantage of its presence…
Active.Ai powers ‘Zaki’, Qatar Islamic Bank (QIB) ‘first-of-a-kind’ AI virtual assistant available in Arabic and English
Qatar Islamic Bank (QIB) has introduced new features to its AI virtual assistant, ‘Zaki’, offering customers, as well as non-customers,…
Saudi Arabia Islamic Finance Market to be Dominated by Islamic Banking through 2026 – TechSci Research
The growing FinTech industry and presence of tech-savvy youth population are driving the growth of Saudi Arabia Islamic Finance Market…
Dubai Bank Pays $100 Million to Resolve Sanctions Violations with DFS, OFAC and Federal Reserve
Mashreqbank, based in Dubai, agreed to pay $100 million to the New York Department of Financial Services, the Federal Reserve,…
Saudi Arabia to double investments in Sudan to $2bln
Saudi Arabia aims to double investment in Sudan from SR4 billion ($1 billion) to SR8 billion, Saudi-Sudanese Business Council Chairman…
Banks in UAE waive over $272mln debts of 4,511 Emiratis
The Non-performing Debt Relief Fund announced on Wednesday that 20 banks and financial institutions had waived the debts of 4,511…
Arab Federation for Digital Economy, Union of Arab Banks launch 'Huma Wealth' programme in cooperation with GCEL
The Arab Federation for Digital Economy and the Union of Arab Banks, operating under the umbrella of the Arab League,…