Islamic finance moving beyond GCC
Over the past two decades, international investment banks have brought to market many increasingly sophisticated Shariah-compliant financial instruments — and…
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Commercial Bank of Dubai becomes the first bank to establish a Digital Lab at the DIFC Innovation Hub
Commercial Bank of Dubai, one of the leading banks in the UAE, announced the opening of its Digital Lab at…
Latham Advises Chimera Capital
Latham & Watkins has advised Chimera Capital Ltd (Chimera), an ADGM regulated fund manager and a wholly-owned subsidiary of Chimera…
Swiss private bank unveils Abu Dhabi operation
Abu Dhabi Global Market has welcomed Neue Privat Bank AG to its vibrant and thriving business and financial community on…
GCC members record 3.3% rise in bank deposits in first half of 2021
Member states of the Gulf Cooperation Council witnessed an improvement in their banking sector, as the total bank deposits increased…
QNB launches WeChat Pay to retailers in Qatar
QNB, the largest financial institution in Middle East and Africa, has launched WeChat Pay, the premier mobile payment solution in…
QIB launches first Visa Direct remittance service in Qatar
Qatar Islamic Bank (QIB), Qatar’s leading digital bank, has announced the launch of a new remittance service, Visa Direct, in…
UAE Central Bank imposes penalty on bank under strict anti-money laundering rules
UAE’s Central Bank has imposed a Dh19.5 million sanction on a bank in the UAE under the country’s Anti Money…
Binance planning to tie up with Dubai for crypto activities – report
Binance will soon sign a memorandum of understanding with Dubai for crypto-related activities, the Business Times reported, citing unidentified individuals…
Julius Baer Invests in AI-Based Bank
First Digital Bank (FDB), an artificial intelligence based Israeli digital bank aspiring to democratize access to private banking, has signed…
i2c Partners with Ooredoo to Launch Digital-First Payment Initiatives in Qatar
i2c Inc. has announced its partnership with Ooredoo. By leveraging i2c’s agile payments technology, Ooredoo will launch modern payment solutions…
Arab Monetary Fund signs MoU with mastercard
The Arab Monetary Fund (AMF) and Mastercard, announced today the signing of a Memorandum of Understanding (MoU). Under the…