Qatari regulatory authority closes First Abu Dhabi Bank to new customers
Qatar Financial Center, the regulatory authority, issued on Sunday a supervisory notice against the First Abu Dhabi Bank, prohibiting services…
Uncategorized
47651 articles found
Dubai digital bank Liv introduces new AI-powered chatbot
Liv., the lifestyle digital bank by Emirates NBD, has partnered with US-based Kasisto, the creators of the KAI Banking AI…
Founders of Dubai Logistics REIT waver on IPO plan
The family behind a Dubai-based real estate investment trust focused on the logistics market have changed the structure of the…
Mashreq leads the UAE’s digital charge
In 2018, the Global Innovation Index again rated the UAE as the most innovative country in the Arab world. …
J.p. Morgan Private Bank expands Middle East and North Africa team with key banker hire
J.P. Morgan Private Bank has announced that Steve Wainwright has been named Managing Director and senior Banker to the firm’s…
Saudi Arabia to raise around $31bn in debt this year
Saudi Arabia plans to issue SAR118bn ($31.5bn) in debt this year to help finance the national budget deficit, the country’s…
AI an unprecedented opportunity for businesses, says Alawwal Bank MD
Artificial intelligence has created unprecedented opportunities for businesses, provided that they move past the hype and find practical applications for…
Noor Bank inks partnership with Emirates Skywards
Noor Bank has enriched its loyalty, rewards and savings account portfolio by announcing a partnership with Emirates Skywards, the award-winning…
Alef Group Signs Agreement With Dubai Islamic Bank to Provide Murabaha Financing for Al Mamsha Project
Alef Group, a pioneering Sharjah-based real estate developer striving to provide premier lifestyle experiences, has signed an agreement with the…
Gulf banks to experience decline in asset quality in 2019 — 20
Asset quality of GCC banks are expected to face some amount of deterioration in the next 12 to 24 months…
Gulf Bank likely to suffer USD9.2m losses
Gulf Bank, one of the largest banks in Kuwait, is expected to register USD9.2 million of losses after being hit…
UAE’s exchange houses gearing up for new anti-money laundering regulations
The UAE’s exchange houses involved in the Dh164 billion remittance industry are ramping up measures to combat money laundering, as…