Accenture to develop UAE National Instant Payment Platform
Accenture has been selected by the Central Bank of the UAE (CBUAE) to lead a consortium of companies to help…
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Goldman Sachs appoints executive director of private wealth management in Dubai
Goldman Sachs has hired Ahmed Parekh (pictured) as executive director, private wealth management, in Dubai. Parekh will focus on…
QNB continues to be most valuable banking brand in region
QNB Group, the largest financial institution in the Middle East and Africa, continues to be the most valuable banking brand…
Kuwait Credit Bank weighs issue of $3.30bln of bonds amid liquidity crunch
Kuwait Credit Bank, a state-owned lender that provides interest-free home loans, is in talks with banks and Oliver Wyman about…
UAE to impose 9% corporate tax on businesses from June 2023
The UAE is to impose a nine percent corporate tax on businesses, effective next year, according to a statement published…
ADCB quarterly net profit up 44%
Abu Dhabi Commercial Bank, UAE's third-biggest lender, beat expectations with a 44% rise in fourth-quarter net profit, boosted by higher…
ACWA Power signs MoU with Saudi EXIM Bank
ACWA Power,a leading developer, investor and operator of power generation, desalinated water and green hydrogen plants, signed a Memorandum of…
New IsDBI book details practical ways of curtailing risk in Islamic Finance
The Islamic Development Bank Institute (IsDBI) has released a new book detailing the application of ‘heavy tails’ distribution techniques to…
Knight Frank expands real estate Valuation and Advisory expertise in the Middle East
Knight Frank Middle East continues its major expansion of its Valuation and Advisory operations across the Middle East region as…
Mashreq Bank is latest UAE bank to confirm a Dh1b profit for 2021
Mashreq has become the latest UAE bank to report a Dh1 billion or plus profit for 2021, and providing more…
National Bank of Fujairah launches new account for SMEs, startups
National Bank of Fujairah (NBF) has announced the launch of the NBF Lite Bank Account for startups and small-and-medium-enterprises (SMEs)…
MENA investment banking fees rise as M&A activity soars in 2021
Investment banking fees in the Middle East & North Africa (MENA) totalled $1.4 billion in 2021, up 3 percent from…