GCC banks begin post pandemic recovery: S&P
GCC banks have begun their recovery from the unprecedented shock from COVID-19 pandemic, according to rating agency Standard & Poor’s.…
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No Tantrum Just Taper
The first half of this fiscal year is now behind us. Indian equities are up about 20% over the last…
UAE crypto asset exchange BitOasis closes $30mln funding
UAE-based crypto asset exchange BitOasis has closed a $30 million Series B funding round led by Chicago-based Jump Capital and…
QIB wins three accolades at Asset Triple A Islamic Finance Awards 2021
Qatar Islamic Bank, has received the “Islamic Bank of the Year”, “Islamic Issuer of the Year - Financial Institution”, and…
Shareholders approve merger of Qatari lenders Masraf Al Rayan, Al Khalij
Qatari lender Masraf Al Rayan’s shareholders have approved the proposed merger with Al Khalij Commercial Bank in a move that…
Ithmaar Bank opens new branch in Seef Mall with integrated, cutting-edge digital services
Ithmaar Bank has inaugurated its new Main Branch in Seef Mall, Seef District. The new Main Branch was inaugurated…
Saudi CMA issues cybersecurity guide for financial institutions
With the development of the Saudi financial system after the launch of the Kingdom’s Vision 2030, great emphasis has been…
World Bank official predicts 3.3% GDP growth for Saudi Arabia in 2022
With an improvement in global oil demand, the World Bank has predicted Saudi Arabia’s average gross domestic product to reach…
QNB, Ripple partner to enhance cross-border payments
QNB, the largest financial institution in the Middle East and Africa, unveiled its global strategy for cross-border payments with the…
Saudi data protection reform to take effect in March 2022
Businesses operating in the Kingdom of Saudi Arabia will be subject to new data protection laws due to come into…
GSB Capital hires wealth management chief in Dubai growth drive
GSB Capital has appointed Dean Kemble as its Managing Partner for Financial Planning. He brings over 20 years of…
Is the commoditisation of the UAE foundation structure harming its development?
With the number of foundations registered in the UAE surpassing 350, the structure is increasingly being used as an ‘off…