Moody’s affirms eight UAE banks' ratings and changes outlook to stable
Moody's Investors Service affirmed the long-term ratings of eight UAE banks and changed the outlook to stable from negative on…
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ICICB Launched the Fastest Blockchain Platform in the World at Blockchain Innovation Summit in Dubai
Dubai's ICICB Group is a renowned investment management company that fosters innovation through funding projects of value based on the…
Commercial Bank of Dubai’s 9-month profit surpassed Dh1 billion
Commercial Bank of Dubai (CBD) Wednesday reported a net profit of Dh1.05 billion for the nine months to September 30…
UAE to introduce new Federal Data Law
The UAE has introduce a new Data Protection Law, the first federal law of its kind in the region. The…
Saudi central bank assets rise $4.86 billion in September
Assets held by the Saudi Arabia’s central bank (SAMA) increased on a month-on-month basis by SR18.24 billion ($4.86 billion) to…
Citigroup plans more investment in Saudi Arabia, eyes banking license
Citigroup wants to pursue a banking license in Saudi Arabia to further boost its business in the kingdom by expanding…
Saudi Arabia jointly hosts Saudi-UK Green finance roundtable at FII and signs agreements with key new partners
During the roundtable, both parties signed a Memorandum of Understanding to recognize and promote direct investment between the two countries…
DIFC enacts changes to its employment laws
The Dubai International Financial Centre has enacted changes to its employment law to bring in a number of clarifications and…
Under 1% of $27 trillion global fund assets are paris-aligned
Analysis of a third of the total global fund industry reveals just 158 funds worth 0.5% of the total assets…
Bahrain Court Orders Five Years In Jail, Hefty Fines For Financial Fraud
The High Criminal Court yesterday awarded fiveyear jail terms each to two people for running an investment scam. The…
First Abu Dhabi Bank third-quarter profit surges 54%
First Abu Dhabi Bank, the UAE’s largest lender by assets, reported a 54 per cent jump in third-quarter profit on…
Before Lebanon's Current Financial Crisis, Central Bank Faced a $4.7 Billion Hole in Reserves
Lebanon's central bank had a $4.7 billion hole in its reserves by the end of 2015 that was not disclosed…