Open Banking set to transform finance in the GCC
Open Banking is a series of reforms that drive competitiveness in the banking sector. By driving change in how…
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Credit Agricole to Build Its Own Saudi Bank After Stake Sale
Credit Agricole SA plans to build its own corporate and investment bank in Saudi Arabia after selling the final portion…
Egypt prepares to issue region’s first green sovereign bond
Egypt is preparing to sell its first-ever green bond as the North African country looks to diversify its sources of…
DIFC Data Protection Law – consent management
Businesses operating in the Dubai International Financial Centre should take immediate steps to understand their obligations around relying on consent…
Abu Dhabi Global Market proposes electronic transactions regulations
The Abu Dhabi Global Market has proposed introducing regulations for electronic signatures, records and contracts. The proposed legislation (9…
DIFC FinTech Hive rolls out AccelerateHer programme to back women in finance sector
Dubai International Financial Centre’s FinTech Hive, the region's first and largest financial technology accelerator, has begun the second edition of…
Sidra Capital's Mutajara USD Fund continues to show strong performance
Sidra Capital’s US dollar-denominated Mutajara Fund has been successfully achieving its targets and is on course to deliver returns in…
Saudi Arabia's Arbah Capital buys US portfolio
Arbah Capital has acquired a $43 million diversified portfolio of five US industrial assets in partnership with Brennan Investment Group…
Italian group Intesa Sanpaolo increases stake in Bank of Alexandria to 80%
The Bank of Alexandria has said its Italian majority owner, the Intesa Sanpaolo banking group, has re-acquired shares previously owned…
UAE national banks’ total assets reached Dhs2.8 trillion in July
The total value of national banks’ assets rose by around 0.7 per cent on a monthly basis in July to…
QETF is a bigger opportunity for investors, says Doha Bank CEO
Qatar has distinguished itself from other markets by offering investors “a good number of opportunities” in the lead up to…
Why GCC banks and fintech startups must realign their interests for greater good
The use of technology to facilitate financial offerings, commonly known as fintech (financial technology), has been around for a while,…