SmartCrowd launches new premium service for high net worth investors
SmartCrowd has announced the launch of its new premium offering for high net worth investors. The DFSA-regulated investment platform,…
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Islamic banking closing gap with conventional in UAE
Islamic banking products are becoming as popular as conventional products in the UAE, with 60 percent of those surveyed saying…
Emirates Islamic Reveals 2021 Findings of Islamic Banking Index by Emirates Islamic
Emirates Islamic, one of the leading Islamic financial institutions in the UAE today announced the latest edition of its ISLAMIC…
EFG Hermes Holding concludes aiBANK acquisition
EFG Hermes Holding informed shareholders that it has completed its transformation into an Egyptian universal bank with a market-leading frontier…
Mubadala Capital Commences Operations as a Wholly Owned Asset Management Subsidiary of Mubadala Investment Company
Mubadala Investment Company (“Mubadala”), the Abu Dhabi-based sovereign investor managing a global portfolio of assets valued at US $243 billion,…
Liechtenstein Confirms Probe into Lebanon’s Central Bank Governor
Liechtenstein’s judicial authorities have a “pending money laundering investigation” in relation to Lebanese central bank governor Riad Salame, the country’s…
DIFC Court clarifies its jurisdiction in long-running Abraaj claim
The Dubai International Financial Centre (DIFC) Court has confirmed it has jurisdiction to hear a $600 million professional negligence claim.…
Dubai says gold-trading allegations are 'lies' and 'attacks'
Dubai’s commodities exchange rejected claims it doesn’t do enough to regulate its gold business, while the United Arab Emirates government…
Fitch Affirms HSBC Bank Middle East at 'A+'; Outlook Negative
Fitch Ratings has affirmed UAE-based HSBC Bank Middle East's (HBME) Long-Term Issuer Default Rating (IDR) at 'A+' with a Negative…
Fitch Affirms Abu Dhabi Islamic Bank at 'A+'; Outlook Stable
Fitch Ratings has affirmed UAE-based Abu Dhabi Islamic Bank's Long-Term Issuer Default Rating (IDR) at 'A+' with a Stable Outlook…
“Hermes Holding” becomes a comprehensive bank in Egypt
EFG announced to shareholders that Hermes Holding has succeeded in transforming itself into a comprehensive bank in the Egyptian market…
Fraudulent activity spirals due to digitisation and remote working
The number of fraud cases in Middle East businesses has risen significantly during the Covid-19 pandemic, according to Deloitte’s latest…