Egypt Post to establish $105.1mln asset management firm.
Post for Investment, affiliated with Egypt Post, is working to establish a new asset management company under the name PFI,…
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Boursa grapples with surge in inactive trading accounts
The Boursa Kuwait has witnessed a surge in trading accounts, yet the majority of these accounts remain inactive, highlighting a…
Islamic Banking’s Evolution: Q&A With Ahli United Bank Group CEO Ahmed Alkharji
Ahmed Alkharji: AUB converted its banking license and business model to an all-Islamic bank following the acquisition by Kuwait Finance…
UAE's 15% remittance fee hike: Will more residents switch to digital when sending money?
The UAE’s remittances sector and how residents send money overseas are up for some major changes in the coming weeks…
Fitch Affirms Ipoteka-Bank at 'BB-'; Outlook Stable
Fitch Ratings has affirmed Joint-Stock Commercial Mortgage Bank Ipoteka-Bank's (Ipoteka) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at 'BB-'…
Public launch of Sharia-compliant STC Bank slated by year-end
The Saudi Central Bank has approved the transformation of stc pay into STC Bank with the launch of the beta…
NBK organizes “Safe Ramadan” campaign in collaboration with Kuwait Fire Force
National Bank of Kuwait (NBK) in collaboration with Kuwait Fire Force organizes its Safe Campaign during the summer season. …
Commercial Bank International leads investment round in generative AI fintech zypl.ai
Commercial Bank International, the Dubai-based corporate and retail bank, has announced its investment in zypl.ai, a fintech startup pioneering the…
Oman Housing Bank selects Temenos for core banking modernization in the cloud
Temenos has announced that Oman Housing Bank has selected Temenos to modernize its core banking platform in the cloud to…
Dubai-headquartered Hoxton Capital Management hits $1.6bn AUM
UAE-headquartered independent advisory firm, Hoxton Capital Management has reached $1.6bn (€1.4bn, £1.2bn) in assets under management (AUM). Its announcement…
Roland Berger launches 5th Middle East office in Abu Dhabi
Global strategy consultancy Roland Berger has launched a new office in Abu Dhabi, lifting its office count in the Middle…
Banks line up array of offers this Ramadan
As the holy month of Ramadan is being observed in Qatar, banks in the country have rolled out several offers…