Banking & Finance

DGCX partners with Albilad Capital to provide pricing data for Shari’ah compliant gold-backed ETF

The Dubai Gold and Commodities Exchange (DGCX) today announced that it has partnered with Albilad Capital to provide pricing data for the company’s recently...

EFG Hermes Holding and the Sovereign Fund of Egypt to start due diligence on the Arab Investment Bank following the receipt of approval from...

EFG Hermes Holding S.A.E. and the Sovereign Fund of Egypt are pleased to announce that they have received the approval of the Central Bank...

Ministry of Finance: companies that engage in any Relevant Activity must submit a notification of Economic Substance Regulations to its Regulatory Authority

The Ministry of Finance (MoF) indicated that all companies in the United Arab Emirates that engage in any of the Relevant Activities within the...

FAB launches FAB eSign technology for secure digital signatures on client documents

First Abu Dhabi Bank (FAB) has launched FAB eSign, a new portal that provides a secure, safe and legally valid way for clients to...

Standard Chartered acts as Senior Mandated Lead Arranger for the acquisition financing facility for ADNOC

Abu Dhabi National Oil Company announced that a consortium of leading international investors (Global Infrastructure Partners, Brookfield, GIC, Ontario Teachers' Pension Plan Board, Snam...

Warba Bank digitizes online banking and enhances customer experience with Nutanix

Nutanix today announced that Kuwait’s Warba Bank has digitally transformed its financial services and mobile banking using the power of Nutanix’s hyper-converged infrastructure platform. Warba...

Visa, Dubai Police & Dubai Economy survey says UAE consumers go cashless as trust in digital payments surges amid COVID-19

Dubai Police, Dubai Economy, and digital payment provider Visa released findings of a survey on the impact of COVID-19 pandemic on payment behavior of...

Abu Dhabi Islamic Bank (ADIB) announced the appointment of Mohamed Abdel Bary as Group Chief Financial Officer.

Abu Dhabi Islamic Bank (ADIB) announces the appointment of Mohamed Abdel Bary as Group Chief Financial Officer. Mohamed Abdel Bary joins ADIB from Standard Chartered...

SEDCO Capital achieves 30% IRR from office property sale in Germany

SEDCO Capital, a global Shariah compliant asset manager, has successfully exited German-based ABC West, a multi-let office property, realizing an Internal Rate of Return...

EFG Hermes kicked off today its first Virtual Investor Conference

EFG Hermes kicked off today its first Virtual Investor Conference. Over the course of six days between 22-30 June, executives from 72 companies representing...

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