Uncategorized

Regulation, Risk & Compliance

Al Salam Bank Partners with the Ministry of Housing and Eskan Bank for the Danaat Al Baraka project

May 17, 2021

Al Salam Bank has signed a Memorandum of Understanding with Eskan Bank and the Ministry of Housing under the “Mazaya”…

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Executive Moves

Mohamed Serokh new leader of Deloitte's Transfer Pricing practice

May 14, 2021

After spending fifteen years with PwC, Mohamed Serokh has crossed over to Big Four rival Deloitte where he will lead…

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Executive Moves

KPMG Advisory flies in former Emirates consultant Sheila Nazareth

May 14, 2021

KPMG has appointed a new leader of its Aviation Advisory practice, flying in near three decade Emirates veteran Sheila Nazareth…

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FinTech

Turkey begins digital currency transactions over $1200

May 14, 2021

Digital currency exchanges in Turkey are now required to report transactions of over 10,000 lira (approximately $1,200) to the government,…

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Comment & Analysis

World Bank: Saudi Arabia among biggest sources of remittances in 2020

May 14, 2021

Saudi Arabia was the third largest source of remittances globally in 2020, just behind the UAE and the US, according…

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Financial Results

Israel's Bank Hapoalim first quarter profit jumps on reversal of loan loss provision

May 14, 2021

Bank Hapoalim, Israel's largest lender, reported a higher than expected jump in quarterly profit, boosted by a reversal of provisions…

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Comment & Analysis

Bahrain-origin exports surge 59% to $778mln in April

May 14, 2021

The value of Bahrain’s exports of national origin increased by 59% to BD295 million ($778million) during April 2021, compared to…

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Hedge Funds & Alternative Investments

Top list: 7 mega projects in Dubai, Abu Dhabi to watch out for

May 14, 2021

The UAE is already home to some of the world’s most iconic landmarks, from the tallest tower, to the biggest…

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Comment & Analysis

Reduction in Q1 Saudi budget deficit due to capex cut – analysts

May 14, 2021

Saudi Arabia last week reduced its budget deficit to 7.4 billion riyals ($1.97 billion) for the first quarter of the…

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Comment & Analysis

Loan demand in UAE makes remarkable recovery in Q1

May 13, 2021

Credit demand in the UAE made a remarkable recovery in overall credit appetite and demand for loans, both business and…

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Hedge Funds & Alternative Investments

UAE banks better positioned, thanks to economic recovery, high oil prices

May 13, 2021

The UAE banks are better positioned amid good recovery in economy and property prices, favourable oil prices and resilient domestic…

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Hedge Funds & Alternative Investments

UAE Trade Connect launches digital trade platform

May 13, 2021

Nationwide blockchain platform UAE Trade Connect (UTC) has went live, according to ameinfo.com.   The platform invites all UAE banks…

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