UAE bank Mashreq to use Israeli financial crime detection tool
Emirati bank Mashreq (MASB.DU) will use a transaction monitoring tool for correspondent banking developed by Israeli cyber security firm ThetaRay…
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FM to meet UNFCCC officials as part of preparations for COP 27 hosted by Egypt
Minister of Foreign Affairs Sameh Shokry headed Sunday to the German city of Bonn housing the headquarters of the secretariat…
SABB awarded ‘Best in Class E-Commerce Acquirer’ by Mastercard
The Saudi British Bank (SABB) has been awarded “Best in Class eCommerce Acquirer 2021” by Mastercard. It is in recognition…
Bank ABC swings to $100m net profit in 2021
Arab Banking Corporation (Bank ABC), a leading player in the region’s banking industry, has recorded a net profit of $100…
Bahrain Association of Banks Chairman honoured
Adnan Yousif, Chairman of the Bahrain Association of Banks, was honored by Lebanon News Online in recognition of the years…
As SNB celebrates merger, some clients struggled to find their way
It took only 15 months for National Commercial Bank and Samba Financial Group to complete the fastest and largest merger…
Egypt M&A activity further accelerates in the second half of 2021 leading to the full year tally: Baker McKenzie Report
• Egypt deal values continued to rise in H2 2021 with another quadruple (430%) surge whereas volumes increased by 38%…
Apollo to Invest in Aldar Through Landmark US$1.4 Billion Transaction
Aldar Properties PJSC and Apollo Global Management have signed a landmark commitment that will see Apollo-managed funds and clients invest…
Network International appoints Navneet Dave as Regional Managing Director – Processing for GCC
Network International has announced the appointment of Navneet Dave as Regional Managing Director – Processing – GCC (excluding KSA). In…
Ithmaar Holding reports 2021 profits
Ithmaar Holding B.S.C. (Trading symbol Bahrain Bourse and Dubai Financial Markets: ITHMR) has reported profits for 2021 as it announced…
Mubadala Capital holds a successful final close on its first investment fund in Brazil
Mubadala Capital has closed its first fund in Brazil, Brazil Special Opportunities Fund I (“BSOF I”), with total commitments of…
For UAE developers, low-cost financing from Europe opens up interesting options
UAE developers with new projects could be looking to Europe to access cheaper funding options. Dubai Investments’ Khalid Bin Kalban…