Uncategorized

Retail Banking

Commercial Bank, Kotak International unlock investment opportunities in India

May 22, 2024

Commercial Bank hosted an exclusive event with Kotak International to explore the investment opportunities in rising India.   India presents…

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FinTech

Ooredoo Qatar extends partnership with Netcracker for revenue management and managed services across all lines of business

May 22, 2024

Netcracker Technology has announced that Ooredoo Qatar will extend its long-term partnership with Netcracker, utilizing Managed Services for Ooredoo’s Revenue…

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Hedge Funds & Alternative Investments

ADGM's financial regulator fines Sarwa Digital Wealth (Capital) Limited $122,500

May 22, 2024

The Financial Services Regulatory Authority of Abu Dhabi Global Market has imposed a financial penalty of USD 122,500 (AED 449,881)…

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Retail Banking

United Arab Bank partners with Network International for omnichannel payment solutions

May 22, 2024

United Arab Bank has collaborated with Network International (Network), the leading enabler of digital commerce across the Middle East and…

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Hedge Funds & Alternative Investments

ANB approves 33.33% capital hike to SAR 20B, 5M share buyback

May 22, 2024

Shareholders of Arab National Bank  approved the board's recommendation on raising capital by 33.33%, during the extraordinary general meeting (EGM)…

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Hedge Funds & Alternative Investments

Apex Group expands across the Middle East with new Kingdom of Saudi Arabia office

May 21, 2024

Global financial services provider, Apex Group, has launched a new office in the Kingdom of Saudi Arabia, further expanding its…

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Hedge Funds & Alternative Investments

Housing Ministry to launch real estate asset management firm soon in Egypt

May 21, 2024

The Ministry of Housing, Utilities, and Urban Communities is currently working on setting up a company for managing real estate…

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Hedge Funds & Alternative Investments

Abu Dhabi Global Market CEO expects thriving capital markets ecosystem as AUMs exceed 200%

May 21, 2024

Abu Dhabi Global Markets, the emirate’s financial free zone, expects a stellar performance in 2024, led by asset management and…

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Regulation, Risk & Compliance

IMF says UAE overall real GDP projected to grow 4% in 2024

May 21, 2024

The IMF had projected GDP growth for the Gulf oil exporter at 3.5% in 2024 in its most recent Regional…

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Hedge Funds & Alternative Investments

ADGM says assets under management soar by 211% in Q1 2024

May 21, 2024

The Abu Dhabi Global Market said its assets under management soared by a record 211 per cent in Q1 2024,…

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Environment and Sustainable Investments

Mubadala announces first renewable energy investment in Japan

May 21, 2024

Abu Dhabi’s Mubadala Investment Company has made a significant cornerstone investment in PAG’s Asia Pacific renewable energy platform, PAG REN…

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Hedge Funds & Alternative Investments

IMF expects UAE economy to grow by 4% in 2024

May 21, 2024

The International Monetary Fund expects the real gross domestic product  of the UAE to grow by 4 percent in 2024.…

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