ADCB – Egypt achieves 48% growth in profits before tax in Q3 2021
The profits of Abu Dhabi Commercial Bank (ADCB) – Egypt, before tax, increased by 48% year-on-year to EGP 924m at…
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Emirates NBD partners with ADGM
Emirates NBD has announced a strategic collaboration with Abu Dhabi Global Market (ADGM), the international financial centre in Abu Dhabi,…
Egypt is a very dynamic market with great potential: HSBC Egypt Chairperson
Nasser Al-Shaali was appointed Chairperson of the Board of Directors of HSBC Bank Egypt as of 22 September. In…
Bahrain aims to attract direct investments
The Economic Development Board will be focusing on several initiatives aimed at furthering economic growth and contributing to attracting direct…
Downtown Dubai luxury penthouse snapped up for $13.6m
The 118, a boutique luxury project by Signature Developers, located in the heart of Downtown Dubai, has just sold one…
Abu Dhabi Securities Exchange launches derivatives market, to introduce index futures in 2022
The Abu Dhabi Securities Exchange (ADX) launched on Thursday a derivatives market and announced plans to introduce index futures next…
Credit Suisse pares back investment banking, sharpens focus on rich
Credit Suisse will pare back its investment bank and focus on building its wealthy client base, the Swiss bank said…
Malaysia's 1MDB gets go-ahead to pursue Abu Dhabi wealth fund in UK court
Malaysia was given the go-ahead by a London judge to continue its pursuit against Abu Dhabi's sovereign wealth fund for…
Islamic Development Bank provides $3bn for renewable energy
The Islamic Development Bank's is providing more than $3 billion in financing for renewable energy projects, and more than $5…
UAE regulators and exchanges issue High-Level Statement on Sustainable Finance to advance national net-zero goal
The UAE Sustainable Finance Working Group, comprised of numerous federal and local UAE regulators and exchanges chaired by Abu Dhabi…
IBF Net receives shariah compliant certification for its impact cryptos
Impact cryptos as a subset of social cryptos are the latest innovations in the field of fintech to gain Shariah…
UAE targets 25% of global hydrogen fuel market by 2030
The United Arab Emirates (UAE) aims to capture 25 percent of the global hydrogen fuel market by 2030, state news…