Six Kuwait banks join GCC Cross-border Payment System
Six local banks have joined the GCC Cross-border Payment System in the State of Kuwait, the Central Bank of Kuwait …
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Wio Bank partners with FAB to facilitate cash and cheque deposits
Wio Bank, the region’s first platform bank, is partnering with First Abu Dhabi Bank (FAB), the UAE’s largest bank and…
Who’s Who: Muneera Al-Dossary, head of asset management at ANB Capital
Muneera Al-Dossary has been the head of asset management at ANB Capital since June 2022. She is also the…
Egypt has third best banking system in Arab world in terms of assets, deposits, and loans: UAB
The Union of Arab Banks said that the Egyptian banking sector has achieved tremendous success and impressive results over the…
Middle East’s M&A space can expect some surprises in 2023
Mergers and acquisitions in the Middle East have seen a slowdown in 2022 as corporate and financial investors turned cautious…
Qatar’s infrastructure facilities to expand in years ahead
With the rapid increase of foreign investments and trade relations between countries and numerous firms, Qatar is paving its way…
UAE unveils tax residency criteria
The UAE government has proposed guidelines to determine tax residency for “natural and legal persons” in the country, according to…
CBE issues new rules for bank statements: Egypt
The Central Bank of Egypt (CBE) issued new rules regulating reporting of bank statements by the banking sector, according to…
Abu Dhabi bank launches tokenized payment system using wearables
The Abu Dhabi Islamic Bank has launched a tokenized contactless payment system. The “ADIB Pay” system is a partnership…
AMF & AGFUND sign MoU to promote economic development in Arab region
The Arab Monetary Fund (AMF) and The Arab Gulf Programme for Development (AGFUND) signed a memorandum of understanding on Wednesday,…
Insurance industry has promising future after surviving COVID crisis
The UAE insurance industry has a promising future due to the government initiatives, increasing consumer spending and overall bullish sentiments…
Dubai’s Court of Appeal orders extradition of Sanjay Shah to Denmark
The Dubai Court of Appeal has issued a ruling to extradite Sanjay Shah, a British citizen, to Denmark. Danish authorities…