Uncategorized

Executive Moves

PineBridge Investments Appoints Mick Sweeney as Chief Executive Officer, EMEA

June 23, 2023

PineBridge Investments has, following regulatory approval, appointed Mick Sweeney as Chief Executive Officer (CEO) of PineBridge Investments EMEA.   In…

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Regulation, Risk & Compliance

Egypt's central bank keeps interest rates steady

June 23, 2023

The Central Bank of Egypt (CBE) kept its key overnight interest rates unchanged on Thursday, saying commodity prices appear to…

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Regulation, Risk & Compliance

Turkey's Central Bank hikes interest rate to 15 percent to tackle inflation

June 23, 2023

Turkey's Central Bank has increased interest rates from 8.5 percent to 15 percent to counter sky-high inflation.   Following the…

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Regulation, Risk & Compliance

UAE central bank retains emirate’s growth forecast of 4.3% for 2024

June 23, 2023

A rebound in oil and non-oil activities is expected to help the UAE maintain its projected growth rate of 4.3…

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Regulation, Risk & Compliance

Dubai upskills over 170 government employees in generative AI

June 23, 2023

More than 170 government employees in Dubai have been trained to use generative artificial intelligence (AI) tools in their work,…

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Retail Banking

Oman's GDP growth rate to slip this year on OPEC+ cuts

June 23, 2023

Oman is forecast to see real GDP growth 1.7% this year, down from 4.3% in 2022, according to Emirates NBD.…

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Hedge Funds & Alternative Investments

Saudi Arabia’s financial market ranks 3rd among G20 in competitiveness indicators

June 23, 2023

Saudi Arabia’s financial market has advanced seven places to the third position in the competitiveness indicators among G20 nations this…

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FinTech

Qatar's QNB Group selects IBM to transform digital banking experience

June 23, 2023

QNB Group, in collaboration with IBM and its ecosystem partner, Mannai InfoTech, an ICT Division under Mannai Trading Company WLL…

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Retail Banking

KIB successfully completes its capital increase, oversubscribed by 687%

June 23, 2023

Kuwait International Bank has  announced the successful completion of the subscription process to increase its capital by offering 428,571,429 shares,…

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Awards and Recognition

Middle East’s best bank for wealth management 2023: UBS

June 22, 2023

UBS continues to assert its position as the Middle East’s best bank for wealth management. It won this award last…

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Regulation, Risk & Compliance

Dubai International Financial Centre Reveals Plans for Second Edition of Dubai FinTech Summit

June 22, 2023

Dubai International Financial Centre , the leading global financial centre in the Middle East, Africa, and South Asia  region, has…

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Hedge Funds & Alternative Investments

UAE’s first digitally-enabled private wealth management platform, Vault, to redefine investment practices in the region

June 22, 2023

Vault, the pioneering private wealth management platform backed by global venture capital firm Outliers VC, is set to revolutionize investment…

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