UAE's largest bank said to cut hundreds of jobs
First Abu Dhabi Bank has cut hundreds of jobs, according to people with knowledge of the matter, making it the…
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Savers in UAE ‘can expect $864,000 retirement wealth’
The average wealth expectancy of those in the UAE with enough disposable income to save and invest is $864,000, or…
Middle East’s $2 Trillion Wealth Could Be Gone by 2034, IMF Says
The Arab monarchies of the Persian Gulf face a budget reckoning and risk squandering their $2 trillion in financial wealth…
Jersey’s Royal Court fines Abu Dhabi Commercial Bank £475,000
A Middle-Eastern bank has been fined £475,000 by Jersey’s Royal Court for failing to abide by money-laundering laws. The…
Raft of 2020 hires at EFG Private Bank for NRI push
Four experienced executives have been recruited to spearhead a strong focus on NRI clients within the MENA region. Michael…
Brand Value of World’s Largest Banks Contracts First Time since Financial Crisis
For the first time since 2009, the total brand value of the world’s 500 largest banks has declined year on…
Saudi Arabia’s Global Cybersecurity Forum aims to ensure safer cyberspace for all
Two pivotal initiatives were launched during Saudi Arabia’s Global Cybersecurity Forum that aim to protect children and to empower women…
Dubai Crown Prince approves decision to waive Dubai government services fees
H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, approved…
ADNOC Logistics testing biofuel to reduce fuel consumption
ADNOC Logistics & Services will test biofuel as a bunkering fuel for ships, in an effort to comply with the…
Dubai Investments posts $179mln profit in 2019
Dubai Investments has said that its annual net profit increased to Dh657.55 million ($179 million) last year compared to Dh651.43…
UAE businesses optimistic about resilient economy
The global economy is certainly bearing the headwinds with China's coronavirus outbreak, India is facing a slowdown, Brexit is here…
Developing a first-of-its-kind mangrove park for UAE
Recently opened by Modon Properties, the Jubail Mangrove Park, attracted thousands of visitors on its opening weekend. GHD provided…