GELLIFY Middle East calls for improved data regulations
The Middle East is still learning from established markets how new digital technology can transform the banking industry, where clear…
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Anglo-Gulf Trade Bank Disrupts Global Trade Banking with Fenergo
The world’s first digital trade finance bank, Anglo-Gulf Trade Bank Limited, based in the United Arab Emirates, has chosen Fenergo,…
DFSA suspends licence of Red Spear Capital Limited
The Dubai Financial Services Authority has announced that it has suspended the licence of Red Spear Capital Limited (Red Spear)…
CBUAE appoints vice governor
In line with the Central Bank of the UAE has strategic vision, we have set our sights on becoming one…
‘Overbanked’ Qatari market could benefit from more consolidation: Fitch
Credit ratings agency Fitch has described the Qatari market as “overbanked,” and believes that lenders in the country could do…
FAB appoints Head of International Banking
First Abu Dhabi Bank has appointed Clarence Singam-Zhou to the newly created role of Head of International Banking, subject to…
RAKBANK reports net profit of AED 505.4 million for 2020
RAKBANK’s Total Assets declined by 7.6% during 2020 mainly due to reduced loan demand Gross Loans and Advances stood at…
How will foreign ownership rules impact the UAE advice market?
In November 2020, the UAE passed legislation to allow foreign investors complete ownership of a business. Previously, foreign nationals…
Neue Privat Bank Forges Alliance in Middle East
Neue Privat Bank is teaming up with a Cypriot investment firm and is about to enter a completely new market.…
Riyadh set to be epicenter for hyperloop technology
High-speed hyperloop technology will be one of the key components in Saudi Crown Prince Mohammed bin Salman’s ambitions to turn…
Dubai's DFM Company posts $37.57mln net profit in 2020
Dubai Financial Market Company has announced its results for the financial year ending December 31, 2020, posting a net profit…
Utilise data capabilities to meet Sustainable Development Goals
Advanced data analysis is key to tracking progress in Sustainable Development Goals. However, government bodies in the GCC often lack…