GCC banks brace for new wave of mergers after ‘triple shock’ to profitability
The GCC banking sector is bracing for a second wave of mergers and acquisitions (M&A) after suffering a triple shock…
Regulation, Risk & Compliance
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Fintech and Wider Financial Services Regulation with Dubai Financial Services Authority
This month The Fintech Times celebrates regtech and the advancements of the fintech ecosystem. Looking at the Middle East and…
New digital authority aims to enhance automation, reduce duplication
The Saudi Cabinet on Wednesday approved a decision to set up the Digital Government Authority, which will lead to the…
UAE lender CBI seeks shareholder vote to boost capital
United Arab Emirates lender Commercial Bank International, which is partly owned by Qatar's National Bank, is seeking to increase its…
Saudi sovereign fund signs $15bn loan with 17 international banks
Saudi Arabia's sovereign wealth fund, the Public Investment Fund, announced yesterday that it had agreed to a $15 billion multi-currency…
NBK- Egypt launches smart membership card for Heliopolis sporting club
As part of the strategic partnership and close cooperation between National Bank of Kuwait - Egypt and Heliopolis Sporting Club,…
Saudi Arabia, Germany in landmark alliance on green hydrogen
Saudi Arabia and Germany have launched a landmark energy partnership to help implement the goals of the Paris Agreement on…
UAE banks provide $1.74bln in retail loans in Q4 202
The UAE banks provided AED6.4 bn in retail loans for residents during Q4 of 2020, according to statistics issued by…
UAE's robo-advisory Sarwa to offer zero-commission trading service
UAE-based robo advisory platform Sarwa will offer zero-commission trading of global stocks and ETF to its clients. The new…
Dubai Economy issued 4,796 new licenses in February 2021
The Business Registration and Licensing Sector in Dubai Economy issued 4,796 new licenses in February 2021, an increase of 3.4%…
Alvarez & Marsal unveils ambitious growth plans in Middle East
Enticed by a growing pool of restructuring clients in the Middle East and keen to serve Covid-impacted businesses, Alvarez &…
Heidrick promotes Markus Wiesner to top regional consulting role
Heidrick & Struggles has elevated Markus Wiesner – the former boss of Aon and Mercer in the Middle East –…