The World’s Largest UHNW-Led Private Foundations
The Bill & Melinda Gates Foundation leads a list of the world’s largest private foundations established by living ultra high net worth…
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Emirati females more likely to work in Banking & Finance than male counterparts, finds survey report
Emirati women are more likely than their male counterparts to consider a position in banking and finance (29% vs 11%)…
UAE credit growth expected around 2 pct in 2015 -Mashreq CEO
Credit growth in the United Arab Emirates is expected to be around 2 percent this year, the chief executive of…
Renaissance Group prices $125 million 7.9 per cent dual-currency perpetual bond
Renaissance Group successfully priced a dual-currency subordinated perpetual bond issuance. An aggregate issue size of $125 million was raised through…
Mashreq to offer full banking functionality with Emirates ID card
Mashreq today announced the integration of Emirates Identity Authority cards with all its bank processes, allowing customers to open accounts,…
Ibdar Bank exits Bahrain Sakan Development
Ibdar Bank today announced the successful exit from its $30 million construction arm Sakan Development Company. The exit, which…
Latest technology brings greater flexibility and strengthens SEB growth initiatives
Path Solutions announces today that Sudanese Egyptian Bank has successfully completed the implementation of iMAL Islamic core banking system across…
Dubai regulator fines Arqaam over money laundering rules
The Dubai Financial Services Authority (DFSA) has accepted an Enforceable Undertaking (EU) from Arqaam Capital Limited (Arqaam), a company incorporated…
Iran to raise share in Islamic Development Bank
Iran’s Parliament has approved government’s request to increase country’s investment share in fifth round of investment in Islamic Development Bank.…
Ibdar Bank exits Bahrain Sakan Development
The exit, which generated strong returns of 15.95 per cent ROI, follows the final sale of all Saar Central villas…
RBS ends plan to sell UAE transaction services to ADCB – sources
The sale would have been one of the last remaining steps in the bank's pull-back from the Middle East as…
Abu Dhabi Investment Authority Appoints Head of Japan, Internal Equities Department
The Abu Dhabi Investment Authority said today that it has appointed Hisashi Kuroda as Head of Japan, Internal Equities Department,…