Mubadala Plans to Invest Up to $15 Billion in SoftBank Fund
Abu Dhabi’s Mubadala Investment Co. plans to invest as much as $15 billion in SoftBank Group Corp.’s Vision Fund and…
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Dubai’s Mashreq to launch new digital bank, CEO says more UAE bank mergers likely
Dubai bank Mashreq will be launching a new digital bank this year, its CEO Abdul Aziz Al Ghurair confirmed on…
QNB Group inaugurates its Riyadh branch
QNB Group, the largest financial institution in the Middle East and Africa, has inaugurated its branch in Riyadh. Senior…
GIB is Granted Approval to Become A Local Bank in Saudi Arabia
Gulf International Bank (GIB or the Bank) expresses its gratitude and appreciation to the Custodian of the Two Holy Mosques,…
EFG-Hermes suspends Nigerian expansion, readies Kenyan entry as regulators back license bid
EFG-Hermes Holding SAE, the Cairo-based investment bank expanding into frontier markets, may only start operations in Nigeria in 2018 because…
BankDhofar launches corporate and SME credit cards
BankDhofar launched its corporate credit card and the exclusive credit cards that are customised for small and medium-sized enterprises at…
UEA launches latest round of Adapt Low Carbon Innovation Fund
University today kicks off second investment cycle from pioneering low carbon venture capital fund The University of East Anglia…
Dubai firm launches world's first gold backed digital currency
OneGram, an Islamic financial services and technology company, is partnering with GoldGuard, which is building one of world’s largest gold…
RAKBANK Partners with C3 to launch a Prepaid Payroll Card
The partnership allows UAE-based companies to provide immediate salary transfers to their blue-collared workers on the C3 prepaid payroll card. …
Barwa Bank launches ‘charity’ credit card
Barwa Bank, in association with Qatar Charity, yesterday launched a new credit card as part of its corporate social responsibility…
Two Iranian Banks Opening Munich Branch
Two Iranian private banks are to open branches in Munich, the capital of the German state of Bavaria, which will…
$100 million Bahrain SME fund launched
The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of IDB Group, in partnership…