ENBD to hire banks for rights issue
Dubai’s biggest bank is close to appointing Citigroup Inc. and Morgan Stanley to manage a rights share offering of as…
Regulation, Risk & Compliance
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GCC banks are catching up as clients become more demanding, says tech disruption report
As in other markets, the main risk of technological disruption for retail banks in the Gulf Cooperation Council is changes…
UAE and US lenders to strengthen financial and banking relations
H.E. AbdulAziz Al Ghurair, Chairman of UAE Banks Federation, instructed UBF to prepare to receive a high-level delegation led by…
UAE and US lenders to strengthen financial and banking relations
UAE and US lenders are set to further strengthen financial and banking relations as the Gulf nation ensures that its…
Kuwait’s First Dubai Real Estate Development settles $52mn debt with GCC bank
First Dubai Real Estate Development, the real estate developer listed on Boursa Kuwait, has completely settled its due debts worth…
Qatar- QFC joins Islamic Financial Services Board as associate member
The Qatar Financial Centre (QFC) has been admitted to the international standard-setting organisation, the Islamic Financial Services Board (IFSB), as…
Gulf economies: All that glitters is not gold
Little suggests that fabulously wealthy Gulf states and their Middle Eastern and North African beneficiaries have recognised what is perhaps…
Going green could take decades, warns Emirates chief
Airline bosses sought to defend their business against a rising tide of criticism over aircraft emissions as an upswell of…
Neobanks: UAE Hands Out Digital Licenses
Abu Dhabi Global Market rolled out new digital banking licenses during the summer, hoping to attract new investors. The…
Adnoc closes pipeline infrastructure investment with Singapore’s sovereign wealth fund
The Abu Dhabi National Oil Company has announced that it has formally closed its US$600 million pipeline infrastructure investment agreement…
BAB and Jordan bank discuss co-operation
Bahrain Association of Banks chief executive Dr Waheed Al Qassim met Bank of Jordan-Bahrain wholesale banking chief executive Salam Gamoah…
UAE federation highlights well-capitalised, highly liquid UAE banking sector
UAE Banks Federation, UBF, has officially released its annual report for the year 2018, shedding light on the significant progress…