AIB into private hands
The Central Bank of Egypt has given the green light to the Sovereign Fund of Egypt and leading local investment…
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Dubai homeowner businesses need to provide bank guarantees
Property management companies acting on behalf of homeowners associations in Dubai may need to put up bank guarantees for each…
Standard Chartered names CEO of Saudi business
Standard Chartered has named Yazaid al-Salloom as chief executive officer of its business in Saudi Arabia, as it seeks to…
Saudi Arabia: 15% VAT hike comes into effect
Saudi Arabia’s decision to raise the value-added tax rate to 15 per cent was enforced on Wednesday on all goods…
Saudi Arabia facilitates corporate money transfer abroad
Saudi Arabia’s Ministry of Commerce has addressed the problems facing companies and institutions in financial transfers outside the Kingdom, in…
Big Bank Merger Points to Trouble at Heart of Saudi Economy
When Saudi Arabia last saw a merger of two of its biggest banks, the oil price was recovering from a…
Strategy& promotes Bilal Mikati, Ramzi Madi and Sami Zaki
Bilal Mikati has been with Strategy&, formerly Booz & Company before it was acquired by PwC and rebranded, for twelve…
Islamic banks ‘way ahead in adopting financial technology’
Fintech transformation in Islamic banks is well underway as institutions look to leverage the advantages it offers and realise the…
UAE: new consumer and data security law moves closer
A new federal law on consumer protection, with provisions on data security included, has moved closer to being finalised after…
Clyde & Co adds depth to leading construction practice with key partner hire in Dubai
Global law firm Clyde & Co has announced the appointment of Beau McLaren as Partner in its Global Projects &…
New M&A Wave Seen for Gulf Banks Trying to Outrun Virus Slowdown
The coronavirus-induced economic slowdown is prompting a new wave of consolidation talk among banks in the Persian Gulf. In…
UAE Central Bank and ADGM invite FinTech firms for an innovation challenge
The Central Bank of the UAE and the Abu Dhabi Global Market, the capital’s international financial hub, on Wednesday invited…