Global regulators move closer to regulating fintech
Global regulators have moved closer to regulating the fledgling fintech sector, which includes blockchain technology that supports bitcoin, to ensure…
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Ominvest-led consortium to acquire Oman Arab Bank’s investment banking division
Oman International Development and Investment Company, together with its strategic partners Oman Investment Fund and Arab Bank, has entered into…
GCC has enough levers to pull to avoid crisis
According to Gary Dugan, chief investment officer — Private Banking at Emirates NBD, these levers include reserves and assets that…
Aubl launches DIFC operations
Ahli United Bank Limited, a 100%-owned subsidiary of Ahli United Bank, has opened an office at the Dubai International Financial…
How fintech is set to disrupt the UAE’s financial services sector
Charles Darwin once said “it’s not the strongest of the species that survives, it is the one that is most…
Israel passes law to cap bankers' salaries
Israel has introduced one of the world's toughest curbs on bank executives' salaries to try to narrow a big gap…
Qatar bank Al Khaliji says raises 1 bln riyal capital-boosting bond
Al Khalij Commercial Bank said on Wednesday it raised 1 billion riyals ($274.7 million) through the issuance of a capital-boosting…
HSBC Among Banks Lending Bahrain $570 Million for Energy
Bahrain’s oil investment company Nogaholding is taking a $570 million Islamic loan to pay for expansion projects, including improvements to…
Qatar banks’ credit growth seen falling to 8% over next 12 months
Qatari commercial banks’ credit growth is expected to fall to a more moderate 8% over the next 12 months, according…
Industry leaders from across the Middle East and Asia gather to address how the Islamic finance industry can respond to headwinds and refresh the vision for Islamic finance
Focusing on a fresh approach as to how industry leaders from across the key markets of the Middle East and…
Social media is the new complaint box for unhappy customers
For nearly two months Pakistani expat Kashif Naeem chased the customer care service of a bank in Abu Dhabi to…
Central bank’s divestment plan is a welcome move for Egypt
A recent stream of news coming out of Egypt’s central bank seems to represent a disturbing trend of expanding control…