Fitch Affirms Dubai Islamic Bank at 'A'; Outlook Stable
Fitch Ratings has affirmed UAE-based Dubai Islamic Bank (Public Joint Stock Company)'s (DIB) Long-Term Issuer Default Rating (IDR) at 'A'…
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Bank lending to UAE’s private sector, retail customers picks up momentum
The aggregate bank credit to the private sector in the UAE has picked up momentum indicating rising business confidence in…
Emirates to conduct a test flight using 100 per cent sustainable aviation fuel
Emirates and GE Aviation have signed a Memorandum of Understanding (MoU) to develop a programme that will see an Emirates…
Citi Private Bank wins five awards
The event was held on the 10th of November in Dubai. Showcasing ‘best of breed’ providers in the global private…
Israel's Sovereign Wealth Fund to begin operating mid-2022
The Fund, which will invest surplus profits from natural resources, was due to begin operating in 2018, but profits have…
Saudi Wealth Fund Bets on E-Commerce and Clean Energy Companies
Saudi Arabia’s sovereign wealth fund waded deeper into the U.S. stock market, adding stakes in e-commerce, Chinese, and clean energy…
BisB Wins Award for ‘Best Islamic Bank Bahrain'
Bahrain Islamic Bank (BisB) was recently awarded 'Best Islamic Bank - Bahrain', at the MEA Finance Awards 2021, which were…
SABB launches first Shariah-compliant Payables Finance Solution in Saudi Arabia
The Saudi British Bank (SABB), an affiliate of UK-listed HSBC Group, has launched a Shariah-compliant supply chain finance product to…
UAE Central Bank issues guidance for licensed exchange houses to combat money laundering
The UAE Central Bank issued guidelines to help licensed exchange houses to combat money laundering and the financing of terrorism.…
Financial literacy skills can help protect retirement funds during economic crises
Financial literacy is a vital skill that can help people build fiscal resilience and protect their savings and retirement funds…
“A fragile win”: looking back at COP26
Before it began, Greta Thunberg called it “blah, blah, blah.” While it was going on, the foreign minister of the…
Standard Chartered executes ESG ‘use of proceeds’ repo with Saudi National Bank
Standard Chartered has executed an ESG ‘use of proceeds” repo transaction globally with the Saudi National Bank. It reports…