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…
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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,…
Saudi FinTech, InsurTech Rasan Secures $24M
Saudi FinTech and InsurTech startup Rasan has secured $24M in its latest funding round led by Impact 46, a Saudi…
Standard Chartered executes ESG ‘use of proceeds’ repo with Saudi National Bank
Standard Chartered has executed an ESG ‘use of proceeds” repo transaction globally with the Saudi National Bank. It reports…
“A fragile win”: looking back at COP26
Before it began, Greta Thunberg called it “blah, blah, blah.” While it was going on, the foreign minister of the…
Financial literacy skills can help protect retirement funds during economic crises
Financial literacy is a vital skill that can help people build fiscal resilience and protect their savings and retirement funds…
UAE Central Bank issues guidance for licensed exchange houses to combat money laundering
The UAE Central Bank issued guidelines to help licensed exchange houses to combat money laundering and the financing of terrorism.…
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…
BisB Wins Award for ‘Best Islamic Bank Bahrain'
Bahrain Islamic Bank (BisB) was recently awarded 'Best Islamic Bank - Bahrain', at the MEA Finance Awards 2021, which were…