Aldar Investment properties issues USD 500mln 10-year inaugural green sukuk
Proceeds of the sukuk will be used in accordance with Aldar’s Green Finance Framework to finance green initiatives and acquisitions…
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CBUAE says gross banks’ assets reached Dhs3.74tn in February
The Central Bank of the UAE said gross banks’ assets, including bankers’ acceptances, increased by 2.2 per cent, from Dhs3.66tn…
GCC economies to grow at slower pace on lower energy income, global conditions: World Bank
The GCC economies will grow at a slower pace in 2023 compared to the previous year weighed by lower earnings…
20% reduction in nitrogen oxide emissions in UAE: Study
A study conducted by the Ministry of Climate Change and Environment (MOCCAE), in collaboration with entities involved in power generation…
Geneva family office adds Arab Bank veteran to advisory board
NewOak, a Geneva-based multi-family office, has appointed Jean Kamitsis to its advisory board. Kamitsis is a recently retired banker…
Ahlibank earns Best Private Bank in Oman award at Banking Excellence Awards 2023
As part of its journey towards excellence and innovation in the banking sector, ahlibank, one of the fastest growing banks…
Saudi Arabia modernises arbitration rules
Saudi Arabia has introduced new rules for commercial arbitration that emphasise the use of technology and empower tribunals to hold…
Herbert Smith Freehills announces the opening of its Riyadh office
International law firm Herbert Smith Freehills has launched in Riyadh after it was one of the first international law firms…
Lebanon central bank chief did not attend French fraud hearing – judicial source
Lebanon’s central bank chief did not attend a hearing in Paris on Tuesday where French prosecutors were expected to press…
UAE Central Bank imposes sanctions on 8 banks
The Central Bank of the UAE imposed administrative sanctions on eight banks operating in the country following their failure to…
Masdar signs sustainable aviation fuel development agreement with Airbus
Abu Dhabi-based clean energy company Masdar has signed an agreement with European plane maker Airbus to support the development and…
Nationalisation of jobs strategic priority: HSBC Qatar
HSBC has been progressing its Qatar Nationalisation strategy by leveraging the bank’s unique employee value proposition to attract and retain…