Saudi Arabia’s Social Development Bank wins major award
The Social Development Bank has been honored by Asian Banking and Finance — the leading industry organization serving Asia’s financial…
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Saudi Central Bank approves insurance rules for fintech sector
Reaffirming its ongoing efforts to improve the insurance sector, Saudi Central Bank has approved laws to provide fintech firms with…
Dubai’s Biggest Lender Names Asarpota CEO of Investment Bank Arm
Emirates NBD PJSC appointed Hitesh Asarpota as chief executive officer of its investment banking division, replacing Mohammad Al Bastaki, who…
DFSA fines bank Mirabaud $3m for anti-money laundering controls failings
The Dubai Financial Services Authority issued a statement stating that it imposed a fine of $3,022,500 (Dhs11,100,131) on the bank…
UAE's property market growth to continue this year, ADIB executive says
The property market in the UAE will continue to grow this year on the tailwinds of the country's economic momentum,…
Arab Bank Group profits grow by 59% to $401mln for the first half of 2023
Arab Bank Group has reported solid results for the first half of 2023, The Group’s strong performance was driven by…
Aldar expands its education portfolio across Abu Dhabi, Dubai, and Bahrain
The investment also includes Aldar Education’s entry to Bahrain with Cranleigh set to welcome its first students for the academic…
Sharjah registers real estate transactions worth Dhs549.4m in H1 2023
According to the recently released annual report by the Sharjah Real Estate Registration Department, real estate transactions in the emirate’s…
Oman Cables Industry commits to sustainability; identifies 50 sustainable projects
Oman Cables Industry (OCI), along with its strategic partner Prysmian Group, has identified 50 sustainable projects over the next three…
Qatar sees 5% increase in interest rates since January 2022
Qatar has seen a cumulative 5% or 500 basis points (bps) hike in interest rates since January 2022, even as…
UAE Corporate Tax: Businesses have 9-month window to get filings right and stay clear of penalties
Now that the UAE Ministry of Finance has set the penalty structure for non-compliance on corporate tax, businesses have a…
Ooredoo Group first half revenue up 3% to QR11.4bn
Ooredoo Q.P.S.C. (“Ooredoo”) yesterday announced its financial results for the six-month period ended June 30, 2023. In the first half…