UAE consolidates its position as a global private wealth hub
The UAE has achieved a magical milestone by registering 1,000 Foundations – an integral part of the country’s success when…
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Whampoa Group Names Bahrain Digital Bank Chair
Singapore-based multi-family office Whampoa Group has hired a former J.P. Morgan executive as the chairman of its digital banking arm…
Bank Muscat Awarded The Best Private Bank Award 2024 by Global Finance
In recognition of its excellence in providing diversified and outstanding wealth management services, Bank Muscat, the leading financial service provider…
EGX launches new market ‘Tanmeya’ for voluntarily delisted companies
The Egyptian Exchange plans to launch a new market called ‘Tanmeya’, where trading rules are based on the issuer company’s…
Kuwait enforces strict civil card procedures for expat bachelors: Report
The Public Authority for Civil Information in Kuwait has recently enforced more rigorous procedures for the issuance or renewal of…
Egypt’s CIB introduces new 3-year certificates with up to 22% yield
To acquire these new premium CDs, individuals can invest a minimum value of EGP 5 million, with increments of EGP…
Fitch Ratings affirms Gulf Bank’s long-term issuer default rating at “A” with a stable outlook
Fitch Ratings has affirmed Gulf Bank’s Long-Term Issuer Default Rating at 'A' with a Stable Outlook. Fitch has also affirmed…
Gulf International Bank B.S.C releases its first Taskforce for Climate-related Financial Disclosure report
In line with the recommendations of the Taskforce for Climate-related Financial Disclosure (TCFD), Gulf International Bank B.S.C. (GIB) issued its…
QIB and Edaa sign an agreement to distribute dividends to shareholders of listed companies in Qatar
Qatar Islamic Bank (QIB), Qatar’s leading digital bank, has signed an agreement with Edaa to manage the distribution of dividends…
Bank Muscat BoD approves financial results, proposes 15.5 per cent dividend for 2023
Bank Muscat, the flagship financial services provider in Oman, has proposed a 15.5 per cent dividend for the year 2023.…
New CEO for Swiss private bank Union Bancaire Privée’s Dubai-based subsidiary
Swiss private bank Union Bancaire Privee has appointed Mohamed Shoukry as its new CEO of Dubai-based subsidiary UBP Middle East.…
Kuwait banks see 2.2% dip in construction sector financing
During the first 11 months of 2023, local banks experienced a decline of 2.2 percent in consolidated financing provided to…