New regulations reinforce Dubai’s progressive virtual assets landscape
The United Arab Emirates , particularly Dubai, has positioned itself as a global hub for virtual assets, having established a…
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Masraf Al Rayan unveils "AlRayan Bank": A new identity embodying the future of modern Islamic banking
In the esteemed presence of H.E. Sheikh Bandar bin Mohammed bin Saoud Al Thani, Governor of Qatar Central Bank, along…
Oliver Wyman appoints partners and executive director in Middle East
Global strategy and management consulting firm Oliver Wyman has appointed 45 new Partners and Executive Directors worldwide, with five of…
BSA Media Trading Group appoints Sheikh Mana as chairman
Blue Shield Advertising Media Trading Group (BSA) has announced the appointment of Sheikh Mana bin Mohammed bin Rashid bin Mana…
Oman Islamic finance sector expanding
Increasing public demand, deepening distribution channels, use of sukuk as a public funding tool by the sovereign and corporates, and…
Muzn Islamic Banking highlights environmentally friendly credit and debit cards
NBO Muzn Islamic Banking offers a range of eco-friendly credit and debit cards, combining Shariah-compliant finance with sustainable practices. Such…
Abu Dhabi sovereign wealth fund Mubadala nabs Canadian asset manager
Abu Dhabi has landed a deal in the lucrative — and booming — asset management business, agreeing to take private…
HSBC GPB opens new office in Kuwait
HSBC Global Private Banking opened its office doors in Kuwait this month, marking its latest expansion into the Middle East…
Geidea to launch its SoftPos service in Egypt
Geidea, a provider of digital payment solutions in the Middle East, is set to launch its innovative SoftPos service in…
Qatar Development Bank invests in Islamic FinTech Wahed
QDB, Qatar Development Bank, has announced a strategic investment in Wahed, a worldwide financial company that complies with Shariah. …
Qatar banks record quarterly rise of 6.2% in net interest income
The aggregate net interest income reported by banks listed in the Gulf Cooperation Council (GCC) reached a new record high…
Saudi Arabia approves FY2025 budget, forecasts $27bn deficit amid expansionary spending
Saudi Arabia on Tuesday approved the state budget for fiscal year 2025 with revenues projected at SR1.18 trillion ($315.73 billion)…