The rise of the super-rich: A five-year forecast
Asia is the biggest hub for billionaires, with their number in the region set to rise above 1,000 by 2023,…
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DFSA Restricts Former Relationship Manager
The Dubai Financial Services Authority has announced that it has imposed a restriction on Arnab Mukherjee, a former relationship manager…
Jersey and Bahrain building financial and digital ties
It is hoped that a memorandum of understanding will be signed between the Jersey Financial Services Commission and the Central…
Dubai International Financial Centre reaches new heights as it enters 15th year of operations
DIFC’s enabling environment and infrastructure have solidified Dubai’s positioning as a preferred business and lifestyle destination: Maktoum bin Mohammed Record…
Palestine Islamic Bank selects Temenos Software
Temenos had announced that Palestine Islamic Bank, has chosen cloud-native, cloud-agnostic Temenos Infinity and Temenos T24 Transact to transform its…
DIB gets shareholders’ nod for $5bn sukuk issuance programme
Dubai Islamic Bank, received approval from shareholders to set up a $5 billion (Dh18.35bn) sukuk programme, as well as issue…
Dubai launches its new dream neighbourhood with its own lazy river
Dubai’s Emaar Development announced its latest luxurious residential complex – the Arabian Ranches III – a luxurious neighborhood that can…
Moody’s downgrades Oman on challenges to fiscal consolidation
Moody’s cut Oman’s credit rating to junk, saying its outlook for the rating was negative and citing fiscal challenges in…
Qatar sells triple-tranche jumbo bond to raise $12 billion
Qatar sold $12 billion in bonds on Wednesday, and drew around $50 billion in demand - the largest order book…
Deutsche Bank's EMEA Wealth Boss Plans Management Revamp
Deutsche Bank AG’s new head of EMEA wealth management, Claudio De Sanctis, is shaking up his team of private bankers…
Doha Bank tapping technology to boost operational efficiency
Doha Bank is strengthening its technology platform to improve operational efficiency by 5% in the next two years as it…
Saudi Arabia said to mull raising tax on local banks
Local lenders started paying Zakat at 10 percent of profit after deducting returns on government bonds from last year as…