Maybank Islamic opens first overseas branch in DIFC
Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai and President of Dubai International Financial Centre (DIFC),…
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Tax exemptions granted for UAE sovereign infrastructure investments in India
The UAE and New Delhi have reached an agreement that will lead to tax exemptions for the UAE's sovereign investments…
Shuaa Capital completes sale of its securities and market-making businesses
Shuaa Capital completed the sale of its securities and market-making businesses for Dh100 million, the company said on Monday. …
Dubai's luxurious QE2 offers trade licenses, intelligent workspaces
Are you an investor planning to set up a business in Dubai? The retired luxury ocean liner Queen Elizabeth 2…
Bahrain's Bank ABC reports profit drop as costs and credit losses climb
The Arab Banking Corporation, a Manama-listed lender, reported a 4 per cent drop in full-year net income dragged down by…
UAE's CBI reports Dh111 million net profit in 2019
Commercial Bank International (CBI) on Monday reported a net profit of Dh111 million for 2019 compared to Dh223 million reported…
Al Salam Bank-Bahrain offers exclusive property financing for Saraya Al Reem 3 villas
Al Salam Bank-Bahrain, the pioneering Shari'a-compliant Bank in the Kingdom, signed a Memorandum of Understanding with Al Saraya Properties Company…
CBB warns against dealing with unlicensed financial institutions
The Central Bank of Bahrain (CBB) has warned consumers against dealing with unlicensed financial institutions that market and offer online…
Additiv expands Middle East and North African presence with Qcentris
additiv has teamed up with QCENTRIS as it seeks to expand its presence in key countries in Middle East and…
Dubai gets new cyber risk information sharing platform
Cybersecurity agencies and companies are to share information on a new platform to help businesses in the Dubai International Finance…
Fintechs receive Saudi banking licenses for the first time
More fintech companies can be expected to enter the banking market in Saudi Arabia in the near future in light…
Ebdaa Bank chairman in Forbes ‘most powerful’ list
Mona Yousuf Khalil Almoayyed, chairman of Ebdaa bank for Micro financing – Bahrain, has been awarded first-rank in Bahrain and…