Dubai Islamic Bank expects UAE to remain globally competitive after new corporate tax
Dubai Islamic Bank, one of the city’s biggest lenders, expects the United Arab Emirates to remain competitive after a new…
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Chasing sky-high valuations, Dubai bankers switch to tech sector
Faced with deal fees in the Gulf region a fraction of those in markets elsewhere, many Dubai bankers are handing…
Will a new tax dent business-friendly Dubai?
Almost 90% of Dubai's population is made up of foreigners who flocked to the Gulf business hub for its yearlong…
Al Ahli Bank of Kuwait headed towards further growth in DIFC
DIFC has announced the license upgrade of the DIFC office of Al Ahli Bank of Kuwait (ABK) to a Category…
Saudi National Bank ranked among top six most valuable banking brands in MENA
Saudi National Bank has been ranked among the world’s top 100 most valuable banking brands by the annual Brand Finance…
QIIB gets ‘Best Bank in Qatar for Credit Card Offers
The UK-based Global Economics awarded QIIB ‘Best Bank in Qatar for Credit Card Offers 2021’, in “recognition of its leadership,…
Zain KSA and Al Rajhi Bank sign deal
Connecting Al Rajhi Bank's locations in the Kingdom to Zain KSA’s cutting-edge network. Contributing to financial inclusion and upgrading the…
GCC Quarterly Review – Q4 2021
The fourth quarter of 2021 saw a number of legal developments in the Gulf Cooperation Council (GCC) region (Bahrain, Kuwait,…
Central Bank of Kuwait Issues Digital Bank Guidelines
The Central Bank of Kuwait this week released guidelines for digital banks. They said this falls within its overall efforts…
Crypto platform Rain rakes in $100m in Series B funding
Cryptocurrency platform Rain has raised $110 million in a Series B funding round. The round was co-led by Paradigm…
Credit Suisse Loses Team Serving Wealthy Saudis
A team at Credit Suisse which served wealthy Saudis for years is leaving. The private bankers are moving to a…
Egypt's business conditions deteriorate amid high prices, weak demand
Business conditions in Egypt’s non-oil private sector economy deteriorated in January amid weaker demand and inflationary pressures, according to a…