Saudi Arabia raises $628m in June sukuk offering
Saudi Arabia’s National Debt Management Center has completed its June issuance under the government’s riyal-denominated sukuk program, raising SR2.355 billion…
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CBUAE fines UAE-based exchange house Dh2 million for violating AML rules
The Central Bank of the UAE (CBUAE) has imposed a financial sanction of Dh2 million on a UAE-based exchange house.…
New KPMG study emphasizes need for robust internal controls and monitoring systems to combat rise in corporate fraud in MENA
Financial fraud is becoming a mounting concern across the Middle East. In Saudi Arabia, incidents are increasing by 15% annually,…
FAB Becomes First Bank in MENA to Join China’s Cross-Border Payment Network
This landmark achievement underscores FAB’s leadership in digital transformation and its commitment to advancing the UAE’s position as a regional…
Orange Jordan announces the winners of the 2025 "Inspiring Change" Award for female entrepreneurs
Orange Jordan announced the winners of the 2025 "Inspiring Change" Award, which aims to support women leaders in the technology…
NBK is the first bank to launch automated safe deposit boxes for customers
Al Nusif: We are committed to providing innovative services that keep up with the banking sector’s fast-paced technological progress. NBK’s…
Former UAE bankers get into wealth management as more millionaires take up residence
A group of ex-bankers in the UAE have come together to launch a new investment services company, at a time…
Hoxton Wealth Gains Approval to Operate in DIFC
In a big move towards achieving our future growth plans in the Middle East, we are thrilled to announce that…
Private Banking from BankDhofar: A bespoke financial experience for the Sultanate’s most discerning clients
One year since its launch in June 2024, BankDhofar’s Private Banking segment has continued to set new standards in an…
UBS GWM Appoints New NRI Head in Dubai
UBS Global Wealth Management is set to appoint Michael Bächli as its new head of the non-resident Indian (NRI) business…
FAB becomes MENA’s first lender to join CIPS as direct participant
First Abu Dhabi Bank has become the first lender in the MENA region to join the cross-border Interbank Payment System…
Oman’s Sohar, Ahli Bank postpone merger talks due to regulatory delays
Sohar International Bank and Ahli Bank SAOG have decided to postpone their proposed merger after failing to receive the necessary…