NBB wins International Award
The National Bank of Bahrain has won the International Business Magazine Awards 2021, with honours in three categories, including Best…
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Dukhan Bank named Best Islamic Digital Bank
Dukhan Bank has received two awards by the New York-based Global Finance Magazine for ‘Best Islamic Digital Bank in Qatar…
Central bank digital currencies face uphill battle to win over crypto fans
As central banks look increasingly serious about launching their own digital currencies, the challenges they face are also coming into…
How climate-focused are sovereign funds?
Risks don't come much longer term than climate change, so you might expect sovereign wealth funds (SWFs) to be all…
UBS Poaches Middle East Team From Rival
The Swiss wealth giant nabbed five wealth managers from Credit Suisse in the United Arab Emirates. Zurich-based UBS is…
Global family offices see UAE as investment hub
The UAE has chartered a growth strategy to see itself as a global investment destination and evidently its business-friendly policies…
Saudi banks lead Gulf in loan growth as sector posts strong quarter
Saudi Arabian banks reported the Gulf’s biggest increase in net loans in the second quarter while return on equity surged…
Jeddah witnesses largest property deal worth $357.2m
The Saudi Oger Company's "Arjuwan Red Sea Project" land has been sold in a public auction with a value exceeding…
Settlement agreements in the DIFC
Settlement agreements are treated by the courts of the Dubai International Financial Centre (DIFC) free zone in a similar way…
The hybrid work revolution is already transforming economies
Even in the 19th century, workers were beginning to resent the grind of office life. “You don’t know how…
Saudi Arabia: 95 bank branches close in last year
Saudi banks closed 95 branches in various regions of the Kingdom in the last year, according to Saudi Central Bank.…
Top 10 UAE banks record healthy Q2 rebound
The top ten UAE banks recorded a healthy rebound in profitability and balance sheet metrics in the second quarter with…