KSA has strongest banking system among GCC, S&P Global Ratings says
S&P Global Ratings said on Sunday that the COVID-19 pandemic and last year's oil price crash did not affect all…
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Wizz Financial gets regulator green light to acquire UAE Exchange
Financial technology company Wizz Financial is set to acquire remittance house UAE Exchange, previously owned by troubled London-listed payment firm…
Interest in sustainable investing on the rise in UAE, survey finds
Seventy-four per cent of UAE investors want to leave a positive legacy through sustainable investing compared with a global overage…
Saudi Center for Commercial Arbitration signs MoU with Saudi Contractors Authority
With a view to supporting the contracting sector in Saudi Arabia and providing the best alternative dispute resolution solutions, the…
Hesham Al-Mubaraki appointed as General Manager of Wholesale Banking at KIB
In recognition of his academic and professional competencies and his ability to successfully carry out key leadership roles, Kuwait International…
KPMG Report: NBFIs lending in Saudi Arabia sustained growth in 2021
The first edition of KPMG’s Future of NBFI Financing, looks into the performance of Non-Bank Financial Institutions in the Kingdom.…
Two global awards for KIB
Kuwait International Bank’s (KIB) deals and issuances continue to stand out within the region’s Islamic finance sector, cementing themselves as…
Bahrain to double VAT to 10% – report
Bahrain will double value-added tax (VAT) to 10 percent as it looks to boost revenues and rein in one of…
More effort required to boost trust in AI in financial sector, OECD says
Governments, financial regulators and firms should step up their efforts to work together to address the challenges of developing and…
Dubai Abolishes DIFC-LCIA Arbitration Centre and Moves to Revamp DIAC Arbitration
The Emirate of Dubai has unexpectedly abolished the DIFC-LCIA Arbitration Centre, in an apparent effort to concentrate institutional arbitration in…
The State of Luxury Real Estate in Dubai
Dubai was recently ranked among TIME magazine’s World’s Greatest Places 2021. The country made the list thanks to its hotly…
Why The World’s Wealthy Have Quietly Moved To Dubai
This summer, fresh from the West Coast of the U.S., a tech entrepreneur arrived in Dubai. In tow were his…