Central banks of UAE and Egypt agree currency swap
The central banks of the United Arab Emirates and Egypt have set up a currency swap line, they announced on…
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Qatar Central Bank credits economic diversification for £2.17 billion surplus in Q2
The bank attributed the surpluses to the “elevated diversification of the Qatari economy,” stating that it met predetermined targets. …
NBB Wins ‘Best Bank for ESG in Bahrain’ for Second Year at Euromoney Awards for Excellence 2023
The National Bank of Bahrain has once again been awarded with the ‘Best Bank for ESG in Bahrain’ award at…
Oman Telecommunications hires banks for 7-year debut sukuk-IFR
State-owned Oman Telecommunications Company (Omantel) has hired banks for the sale of 7-year dollar-denominated debut Islamic bond, fixed income news…
The Family Office officially inaugurated its new Fintech lab in the presence of CBB Governor
The Family Office has announced the official inauguration of its new Fintech Lab at its Bahrain headquarters, in the presence…
DIFC announces consultation on new Digital Assets Law
Dubai International Financial Centre has proposed to enact a first-of-its-kind Digital Assets Law, a new Law of Security and related…
Julius Baer strengthens its External Asset Management business with a dedicated desk in Dubai
Julius Baer (Middle East) Ltd. has announced the setting up of a local desk in Dubai, United Arab Emirates (UAE)…
Corporate Taxation Arrives in the UAE – What? Why? And What are the Implications?
A fascinating discussion on the arrival and the likely impact of UAE corporate tax on private wealth took place during…
Geneva Private Bank Wants to Make a Big Splash in Dubai
Dubai is a dynamic financial center for banks and asset managers. Lombard Odier now wants to significantly strengthen its local…
Alipay+ Launches in Saudi Arabia to Better Connect Local Businesses to Asian Tourists
Saudi Tourism Authority and Ant Group have signed a Memorandum of Understanding, which will see the introduction of Alipay+, a…
Many reasons why UAE banks' interest rates on savings account take time to catch up
Chances are you don’t know the answer. Or don’t remember. Or care. Even if you did, it won’t really matter,…
DIB enters Turkish digital banking sector via new investment
Dubai Islamic Bank has entered the Turkish digital banking and financial technology sector through an equity investment in T.O.M. Group…