UAE financial institutions under pressure to increase IT security
Majority (82 per cent) of IT decision makers working in banks and financial service institutions (FSIs) in the UAE are…
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Millennium, Barclays Hire Ex-Bank of America Staff in Paris
Hedge fund Millennium Management LLC and Barclays Plc have hired a number of bankers who left Bank of America Corp.’s…
Top UAE banks’ profits recover on easing provisions and economic recovery
Profits at large UAE banks rose during the first six months of 2021 after a modest improvement in the operating…
Gilbert’s AssetCo appoints former SLA director
AssetCo, chaired by former Standard Life Aberdeen joint chief executive Martin Gilbert, has appointed a former SLA director to the…
Big bank earnings: Profits at UAE's major lenders reached $4bln in H1 2021
Profits at large UAE banks rose during the first six months of 2021 after a slight improvement in the operating…
Saudi mortgage lending picks up in July
More Saudis have taken out new mortgages in July after a short slump in June, however, the total banks lending…
KFH-Bahrain unveils special financing offers for Durrat Marina
Kuwait Finance House – Bahrain has announced the signing of a MoU with Durrat Marina, one of the most prestigious real…
Saudi sensitive data protected thanks to new IBM Cloud Satellite deal
One of Saudi Arabia's leading technology infrastructure firms has joined with IBM to allow its customers to run global workloads…
New overseas property buyers in Dubai hit a snag opening bank accounts
Overseas investors wanting to buy property in Dubai through ‘offshore’ companies are suddenly facing a problem. “Banks are not…
CMA: Ownership value of foreign investors in capital markets increased by 150% by Q2 of 2021
The Capital Markets Authority (CMA) has exerted several efforts and implemented various procedures to increase the attractiveness of the CMA…
First Abu Dhabi Bank expected to sell $344mln in 5-year bonds – document
First Abu Dhabi Bank is expected to sell 250 million pounds ($344.38 million) in five-year bonds, a document showed on…
KFH key pillar in supporting Kuwait Economy and NDP
Deputy General Manager SME and Business Banking at Kuwait Finance House (KFH), Yousef Ibrahim Almutawa, said that KFH offers wide…