Arkan Bank could tap investors for $200mln through Nasdaq Dubai listing
The new Islamic bank being set up by a group of investors led by Dubai Investments could raise up to…
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Swiss Global looks to set up offices in Middle East and Asia
Swiss Global Group has announced plans to open offices in the Middle East and Asia in an ambitious strategic move…
Swiss Global Group to open offices in Middle East and Asia
The financial advisory firm, which launched three years ago, currently employs 33 advisers across three offices, in Zurich, Geneva and…
Dubai Investments to establish new Islamic bank in UAE
Dubai Investments is leading a consortium of investors to found Arkan Bank, a Dubai-based company for sharia-compliant banking, it was…
UAE to introduce new interbank rates system on April 15- sources
The United Arab Emirates central bank will introduce a new way of setting Emirates Interbank Offered Rates helping to make…
Russian billionaire eyes Saudi Arabia for Renaissance growth
Billionaire Mikhail Prokhorov’s Renaissance Capital is looking to broaden its shareholder base as it plans to expand into new markets…
Doha Bank unveils new mobile App
Doha Bank has unveiled the latest release of the new co-branded mobile application ‘Doha Bank My Book Qatar’ on Apple…
Microsoft to open Dubai, Abu Dhabi data centres
US technology firm Microsoft has announced plans to open its first Middle East data centres in Dubai and Abu Dhabi.…
Gulf states set up company to facilitate money transfers
The Gulf Cooperation Council is setting up a company to facilitate direct money transfers among its six members, in a…
Riyad Bank launches Kingdom’s first contactless payment bracelets
Riyad Bank, one of the largest financial institutions in Saudi Arabia and a leading bank in the Middle East, has…
UAE central bank to launch new EIBOR system next month
The United Arab Emirates central bank will next month launch a new way of setting Emirates Interbank Offered Rates (EIBOR),…
CrediMax, Benefit launch QR Code payment system
CrediMax and Bahrain-based Benefit have collaborated to launch a unified QR Code payment option where MaxWallet and BenefitPay customers will…