Islamic insurance firms Dar Al Takaful, Watania agree on potential merger
The boards of Islamic insurers Dar Al Takaful PJSC, based in Dubai, and Abu Dhabi’s National Takaful Company (Watania) have…
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General Tax Authority signs Memorandum of Cooperation with Ministry of Interior
The General Tax Authority (GTA) signed yesterday a memorandum of cooperation with the Ministry of interior, represented by the Economic…
EDB and Saudi Arabia's Social Development Bank in talks to deepen collaboration
The UAE’s Emirates Development Bank (EDB) and Saudi Arabia’s Social Development Bank are in talks to expand collaboration to support…
Omani official looks to build on buoyant trade ties with Qatar
The Undersecretary of the Ministry of Commerce, Industry and Investment Promotion in the Sultanate of Oman, Assila bint Salem bin…
UAE Central Bank approves creation of 5,000 jobs for UAE nationals by 2026 in banking, finance
The board of the Central Bank of the UAE (CBUAE) announced that it had approved the creation of 5,000 new…
Ajman’s Department of Finance 'Fursan Robots' wins UAE Innovates 2022
The Ajman's Department of Finance has won an award at the UAE Innovates 2022 under the category "Most Innovative Use…
Concerns about future Gulf Bank credit risk
Credit risk concerns for future Gulf Banks.Deteriorating asset quality can hinder the role of banks in credit provision The…
Standard Chartered Gets Greenlight In Egypt
Standard Chartered received the green light to launch full-fledged banking operations in Egypt. The arrival of the UK lender marks…
Abu Dhabi wealth fund cuts jobs in effort to save 1b dirham in costs
Abu Dhabi Investment Authority (ADIA), one of the world's largest sovereign wealth funds, has cut dozens of jobs over the…
UK Court Orders Lebanese Banks to Pay $4M to Saver
A London court has ordered two Lebanese banks to pay a depositor $4 million of his money locked in Lebanon’s…
Qatar, Oman to enhance trade and investment partnership
Undersecretary of the Ministry of Commerce, Industry and Investment Promotion in the Sultanate of Oman H E Assila bint Salem…
Jordan’s Capital Bank lists $100m bond on Nasdaq Dubai
The Capital Bank of Jordan has listed a $100m perpetual AT1 bond on Nasdaq Dubai. The bond is the…