Qatar to sign more long-term LNG contracts this year: Qatar Energy CEO
Qatar has not had difficulty securing long-term liquefied natural gas contracts and will sign more this year, Qatar Energy CEO…
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Abu Dhabi’s Lunate launches ETF tracking Japanese equities
Abu Dhabi investor Lunate Capital is launching an exchange-traded fund tracking Japanese equities that will be listed on the Abu…
Saudi wealth fund PIF reduces holdings of US equities – report
Saudi Arabia’s sovereign wealth fund has cut down on its US stocks in the first quarter of the year, slashing…
Bank of Sharjah appoints Damian White as new Head of Treasury
Bank of Sharjah has announced the appointment of Damian White as the new Head of Treasury. This appointment comes as…
NBK warns against transferring money to unknown parties
The bank stresses the necessity to verify people’s identity before money transfers Random calls may target stealing and cloning…
Saudi Awwal Bank opens new branch in SAB Tower
Saudi Awwal Bank, one of the leading banks in the Kingdom, inaugurated its newest integrated branch in the SAB Tower. …
Infosys & First Abu Dhabi Bank to modernize its banking infrastructure services
Infosys, a global next-generation digital services and consulting, has announced a multi-year strategic collaboration with First Abu Dhabi Bank (FAB),…
GCC bank’s profitability to remain strong in 2024 due to delay in US Fed’s rate cut
A delay in interest rate cuts by the US Federal Reserve will see Gulf Cooperation Council banks’ profitability remain strong…
Tether partners with RAK DAO to boost adoption of Bitcoin, stablecoins in Ras Al Khaimah
The world’s largest stablecoin Tether has partnered with the UAE’s RAK Digital Assets Oasis (DAO) to drive the adoption of…
Addleshaw Goddard adds new employment partner to growing Middle East business
Addleshaw Goddard has announced the appointment of Rachel Hill as a Partner in its regional employment practice. Her appointment quickly…
Getting it right: The Middle East’s generational wealth transfer
The Middle East is on the cusp of a profound economic and cultural shift. Family-owned businesses, responsible for generating 60%…
UAE's 15 per cent remittance fee hike at currency exchange outlets comes into effect
UAE residents have now started paying the additional 15 per cent – or Dh2.5 – each on their remittances when…