Bank Nizwa appoints new chairman of Shari'a supervisory board
Recognized as the only listed fully-fledged and most trusted Islamic bank in Oman, Bank Nizwa remain dedicated to promote Shari’a-compliant…
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Bahrain will likely need further Gulf financial support
Bahrain will likely need further financial support from its Gulf neighbors despite reform measures, Fitch Ratings’ lead Bahrain analyst Toby…
Qatar commercial banks post more than 9% jump in total domestic credit in December 2020
A strong double-digit year-on-year growth in loans to the services and trading sectors led Qatar's commercial banks report more than…
PIF to help KSA become a global renewable energy leader, says minister
Saudi Arabia aims to be a world leader in the field of renewable energy, Al Arabiya TV Channel reported, citing…
Saudi-based fintech startup Hakbah raises $1.2 million seed round
Hakbah has announced the closure of its seed round with a value of USD 1.2 million (SAR 4.5 million), with…
EFG Hermes Securities Brokerage Strengthens Presence in Sub-Saharan Africa
EFG Hermes has announced recently that it is now ranked first on the Nairobi Securities Exchange and second by value…
Mambu and Ta3meed announce their partnership in Saudi Arabia
Mambu, a pure SaaS banking platform, and Ta3meed, an Islamic financial technology (FinTech) company in trade finance in Saudi Arabia,…
7 reasons WealthBrain is the best digital wealth manager for 2021
Global consultancy firm PwC describes the asset and wealth management industry as the bellwether for the overall economy. And thanks…
BofA’s Middle East Equities Head to Depart After Two Decades
Talal Ghandour, one of Bank of America Corp.’s longest-serving senior executives in the Middle East, is leaving the U.S. firm…
HSBC arranges first 'green' trade finance facility for UAE's Lamprell
Even trade financing deals are getting a touch of ‘green’ to them. HSBC has issued a $48 million green…
UAE banking sector recovery will be gradual in 2021
The UAE’s banking sector recovery from the impact of pandemic will be a gradual in 2021, rating agency Standard &…
Emirati and Israeli bosses cannot wait to do business
Israel and the United Arab Emirates (UAE) have maintained unofficial relations for a while, despite a half-century boycott in much…