Saudi banking sector net profit up 11.3pc in 2018
Saudi Arabia's banking sector saw positive results in 2018, with an average 11.3 percent growth in net profit, and 2.1…
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Dubai’s stock market has success on the road
As part of an ongoing approach to attract wider global investor interest to its market, the Dubai Financial Market has…
Deutsche Bank’s Ozkan moves to SMBC
Semih Ozkan is leaving Deutsche Bank to join SMBC’s global trade finance department as regional product leader for structured trade…
Ex-StanChart Lawyer Fights Bank Over Wolf-Whistles, ‘Hairgate’
Standard Chartered Plc chief Bill Winters has said that the bank, plagued by allegations of misconduct, must overhaul its culture.…
Trade Bank of Iraq and ESDS software solution sign MOU for developing Fintech and a cloud platform
Alpen Capital Limited acted as the sole financial advisor for the transaction between the two firms, which aims to establish…
DFSA suspends licence of Rasan Capital Limited
The Dubai Financial Services Authority the independent regulator of financial services conducted in or from the Dubai International Financial Centre …
Dubai retailer, HSBC complete pioneering blockchain transaction
Dubai-based retailer Landmark Group and banking giant HSBC have completed a first-of-its-kind transaction that connected two independently-built blockchain platforms, marking…
Sharjah Islamic Bank appoints banks for Tier 1 perpetual sukuk
Sharjah Islamic Bank has appointed banks to arrange investor meetings ahead of the issuance of a US dollar denominated Islamic…
Sharjah Islamic Bank mandates banks for capital boosting sukuk
United Arab Emirates’ Sharjah Islamic Bank has hired banks to arrange investor meetings ahead of an issuance of U.S. dollar-denominated…
Robinson takes on senior role at Gulf International Bank
Gulf International Bank has hired Louis Robinson as regional sales head in its global transaction banking department. In his…
UAE investors hit as dodgy 'halal' firm folds up in India
Scores of Indian expats in the UAE have been left devastated after losing their life savings to a dodgy ‘halal’…
Will VAT rate go up in GCC?
The GCC states will eventually increase value-added tax (VAT) rate, which is one of the lowest in the world, but…