Barclays Veteran Joins $4 Billion Wealth Firm Azura in Dubai Bet
Wealth manager Azura hired former Barclays Plc executive Hazem Shish to build up its deal-making operations in Dubai as it…
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GCC banks to prove resilient in 2024 with UAE, Saudi banking systems leading: S&P Global
S&P Global‘s ‘GCC Banking Sector Outlook 2024’ reveals a challenging yet optimistic perspective. Despite geopolitical uncertainties and potential economic headwinds,…
Saudi banks’ credit up by 10% to reach $690bn in 2023
Increased credit to corporate activities propelled a 10 percent annual surge in loans for Saudi banks in 2023, reaching SR2.58…
Saudi overtakes UAE as biggest insurance market amid diversification push
Saudi Arabia has overtaken the UAE as the largest market for insurance products, thanks to the kingdom’s ongoing push to…
Emirates Development Bank recognized as best regional development bank at International Finance Awards
Emirates Development Bank ("EDB" or "the Bank"), the key financial engine of UAE economic development and industrial advancement, was recognized…
IMF, Egypt agree on ‘main elements’ of economic reform programme
The International Monetary Fund said on Thursday it had agreed with Egypt on the key policy components of an economic…
Sharjah Asset Management – Ecosystem partner for the Sharjah Entrepreneurship Festival 2024
Sharjah: Sharjah Asset Management Company, the investment arm of the Sharjah government, is participating in the 7th edition of the…
UAE Central Bank issues $327,000 fine to insurance company
The Central Bank of the UAE imposed a financial sanction on an insurance company operating in the country. The…
Gulf Medical University and Knight Frank launch joint internship
Gulf Medical University is teaming up with Knight Frank to launch a new internship program for students seeking to kickstart…
Boubyan Bank makes KD 80.4 mln in profit for '23
Boubyan Bank announced a net profit of KD 80.4 million, (approx. USD 261 million); 39 percent in growth compared to…
Alkhabeer Capital ranks 3rd best workplace across Saudi Arabia’s small and medium-sized enterprises
Great Place to Work® Middle East ranks Alkhabeer Capital as the third-best workplace within Saudi Arabia’s SMEs and First among…
CBUAE maintains the base rate at 5.40%
The Central Bank of the UAE has decided to maintain the Base Rate applicable to the Overnight Deposit Facility (ODF)…