Saudi Wealth Fund Bets on E-Commerce and Clean Energy Companies
Saudi Arabia’s sovereign wealth fund waded deeper into the U.S. stock market, adding stakes in e-commerce, Chinese, and clean energy…
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Israel's Sovereign Wealth Fund to begin operating mid-2022
The Fund, which will invest surplus profits from natural resources, was due to begin operating in 2018, but profits have…
Citi Private Bank wins five awards
The event was held on the 10th of November in Dubai. Showcasing ‘best of breed’ providers in the global private…
Emirates to conduct a test flight using 100 per cent sustainable aviation fuel
Emirates and GE Aviation have signed a Memorandum of Understanding (MoU) to develop a programme that will see an Emirates…
Bank lending to UAE’s private sector, retail customers picks up momentum
The aggregate bank credit to the private sector in the UAE has picked up momentum indicating rising business confidence in…
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'…
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…