Banking & Finance

Third generation e-Dirham system launched by Ministry of Finance

The Ministry of Finance (MoF) launched the Third Generation e-Dirham cards (e-Dirham G3), in cooperation with new government entities and national banks across the...

RAKBANK partners with Dubai SME to support growth and expansion of 500 start-ups

Dubai SME, the agency of Dubai Economy mandated to develop the small and medium enterprise (SME) sector, has provided a range of competitive financing...

Emirates NBD signs MoU with Israel’s Bank Hapoalim

Emirates NBD has signed a Memorandum of Understanding with Bank Hapoalim, one of Israel's largest banks, according to Dubai Media Office. The MoU was formalised...

Deutsche Bank appoints Loïc Voide and Kees Hoving as Co-CEOs for the Middle East and Africa

Deutsche Bank today announced the appointment of Loïc Voide and Kees Hoving as Co-Chief Executive Officers (Co-CEOs) in the Middle East and Africa (MEA)...

DIFC Courts and Dubai FDI partnership to boost investor confidence in Dubai

The Dubai International Financial Centre (DIFC) Courts has signed a cooperation agreement with The Dubai Investment Development Agency (Dubai FDI), an agency of the...

ADIB partners with Ministry of Finance to offer NextGen eDirham cards

Abu Dhabi Islamic Bank (ADIB) announced it has partnered with the UAE’s Ministry of Finance (MoF) to offer the new range of eDirham cards. eDirham...

Central Bank UAE stresses importance of adopting effective regulatory policies to mitigate economic implications of COVID-19

Abdulhamid M. Saeed Alahmadi, Governor of the Central Bank of the United Arab Emirates (CBUAE), chaired the virtual meeting of the 44th Regular Session...

Listing on Premier Market continues Boursa Kuwait’s series of milestones

Underscoring its pivotal role in the growth and development of Kuwait’s capital markets, Boursa Kuwait announced that it will list its shares on the...

Subdued profitability outlook for KSA’s top 10 banks says ALVAREZ & MARSAL’S Q2 2020 Saudi Arabia Banking Pulse report

Global professional services firm Alvarez & Marsal (A&M) has released its latest Saudi Arabia Banking Pulse for Q2 2020. The report suggests that the...

Commercial Bank of Dubai (CBD) and Dubai Economy to provide exclusive banking services for DED Trader licence holders

The Business Registration and Licencing (BRL) sector of Dubai Economy and Commercial Bank of Dubai (CBD) have joined hands to provide exclusive banking services...

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