Acquirers cast eagle eye on UAE financial adviser firms
Bigger players are eyeing the acquisition of struggling smaller firms, but is there real consolidation activity taking place in the…
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Yemeni gov't seeks to unfreeze bank accounts in foreign countries
The Saudi-backed Yemeni government started Tuesday talks with foreign diplomatic missions in an attempt to unfreeze its bank accounts being…
ADCB posts Dh4.84 billion net profit for 2018, up 13%
Abu Dhabi Commercial Bank (ADCB) on Tuesday reported a net profit of Dh4.84 billion for 2018, up 13 per cent…
M&A Bankers Wanted for Gulf Merger Boom
It’s a good time to be an M&A banker in the Middle East. Just one month into the year,…
Union National Bank CEO Mohammad Nasr Abdeen to retire
Union National Bank has announced that its chief executive officer Mohammad Nasr Abdeen will retire from his services from the…
UAE, Saudi central banks to launch common digital currency called 'Aber'
The central banks of the UAE and Saudi Arabia announced the launch of a common digital currency called "Aber", which…
Abu Dhabi to control majority stake in new mega bank
The government of Abu Dhabi will own 60.2 per cent of the new bank that will be formed following the…
Emirates NBD recognized as the best bank in Egypt for 2018
Emirates NBD - Egypt has been awarded “The Best Bank” in Egypt for 2018 by The Banker Africa for the…
Three UAE Banks Merge Into Fifth-largest Among Gulf Countries
Abu Dhabi Commercial Bank, Union National Bank and Al Hilal Bank agreed a merger on Tuesday to create the third-largest…
Slowing growth and credit demand to fuel bank mergers
GCC’s banking sector has witnessed a flurry of mergers since 2017 and the sector is expected to see a few…
Islamic banking software a rapidly growing market
The global market for core Islamic banking software solutions for banks – notably, not including products from fintech startups –…
Iran's central bank issues draft rules on cryptocurrency
The Central Bank of Iran has released an early draft of its regulations on cryptocurrencies, reversing a previous ban, but…