Bank ABC posts $113m H1 net profit
Bank ABC has announced a consolidated net profit for the first half of 2018, 11 per cent higher compared to…
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Israel’s richest woman questioned for hours in suspected Africa bribery case
Israel’s richest woman, US-Israeli billionaire and philanthropist Shari Arison was questioned for 9 hours on Sunday on suspicion of involvement…
National Bank of Egypt upgrades UK treasury and risk management operations with Finastra
Finastra today announced that National Bank of Egypt (UK) Limited is deploying Fusion Treasury and Fusion Risk. The treasury…
Trading in Bitcoin illegal in Saudi Arabia
Saudi Arabia has issued a statement saying that Bitcoin and other cryptocurrencies are illegal in the kingdom, in light of…
State Street banker sees pace of reforms in Arabian Gulf accelerating
The rapid economic changes taking place in the Arabian Gulf economies require a cadre of top global financial institutions to…
Saudi Arabia's massive investment fund said to be uninterested in funding Tesla's idea to go private
Saudi Arabia's Public Investment Fund has shown no interest so far in financing Tesla CEO Elon Musk's proposed $72 billion…
Governments Around The World Must Rethink Their Structure In The Face of Disruption
Powerful forces are transforming societies everywhere—but the structure of most governments remains unchanged. The public sector must move away from…
Emirates Investment Bank Q2 net profit surges 33%
Emirates Investment Bank, a top private bank in the UAE, has posted a net profit of Dh11.81 million ($3.21 million)…
Want to save? Try this old-school coin bank
Struggling to save? Some Filipinos in the UAE who have embarked on a saving challenge may inspire you. The…
Hong Kong, Singapore join global reg initiative
HKMA and Mas have joined counterparts in Dubai, Australia, the US and the UK to collaborate on a global innovation…
Abu Dhabi Islamic Bank hires banks for $750 million sukuk – sources
Abu Dhabi Islamic Bank (ADIB) , the largest sharia-compliant lender in Abu Dhabi, has hired international banks to arrange the…
Bank Aljazira renews two insurance deals with Aljazira Takaful
Saudi-based Bank Aljazira has renewed two insurance agreements for its personal finance portfolio and mortgage portfolio with Aljazira Takaful Taawuni…