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Dubai Islamic Bank, a leading financial institution in the UAE, enters Turkish digital banking and financial technology sector via an equity investment in T.O.M. Group of Companies
Dubai Islamic Bank PJSC (“DIB”), largest participation bank by asset size in the United Arab Emirates, will become a shareholder in T.O.M. Group of Companies (“T.O.M. Group”), which was established by …
The UAE as the new alternative investment hub
While Europe has long been recognised as a hub for AIFs, with Luxembourg as one of the top respected investment destinations, the UAE has emerged as a strong contender. In recent years, it is …
Bank of Sharjah – Ratings Affirmed with a Stable Outlook
Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the Long-Term Foreign Currency Rating (LT FCR) and Short-Term Fo …
UAE central bank signs $1.36bn currency swap deal with Egypt
The Central Bank of the UAE and the Central Bank of Egypt have signed a bilateral currency swap agreement to boost economic ties between the countries. The size of the agreement is between Dh5 billion …
Three Arrows Founder’s Arrest Marks Downfall of Crypto Highflier
Read: How Do Kwon Went From Crypto King to Fugitive to Jail: QuickTake Singapore isn’t the only jurisdiction to have take action against the former hedge fund managers. Dubai’s crypto regulator fined …
Transforming Banking In The Middle East: Black Banx Leading The Way
The emergence of Black Banx marks a new era in Middle Eastern banking characterized by innovation, accessibility and empowerment. It reflects the dynamic spirit of transformation essential for the …
Investing in Dubai: The Next Global Hedge Fund Centre
The next global hedge fund centre – opportunities and outlook’ reveals Dubai’s growth and increased role as a global hub for hedge funds and alternative investments.
Bankrupt Crypto Hedge Fund 3AC’s Su Zhu Apprehended in Singapore, Liquidator Says
The hedge fund collapsed in 2022, and interconnections within the industry … In May, the pair were also reprimanded by Dubai’s crypto regulator for operating their new venture, a bankruptcy exchange …
Egypt, UAE central banks sign currency swap agreement
The Central Bank of Egypt (CBE) and the Central Bank of the United Arab Emirates (CBUAE) signed yesterday a bilateral currency swap agreement.
Geneva Private Bank Wants to Make a Big Splash in Dubai
Dubai is a dynamic financial center for banks and asset managers. Lombard Odier now wants to significantly strengthen its local presence.
Commercial Bank of Dubai Co-Hosts Future Sustainability Forum for a Greener Tomorrow
As the UAE prepares to host the COP28 Summit later this year, the Future Sustainability Forum is poised to serve as the ideal platform for global sustainability leaders and innovators. They will …
Mastercard partners with tech institute in UAE to drive AI talent
Toward that end, Mastercard in July unveiled its new global Center for Advanced AI and Cyber Technology in Dubai, where the card network will use AI to battle financial crime and drive inclusive …
CBUAE, Central Bank of Egypt enter into Bilateral Currency Swap Agreement
The Central Bank of the UAE (CBUAE) and the Central Bank of Egypt (CBE) have today entered into a Bilateral Currency Swap Agreement between the UAE Dirham ..
UAE and Egypt central banks enter into currency swap agreement – statement
The Central Bank of the United Arab Emirates (CBUAE) said on Thursday it entered into a bilateral currency swap agreement with the Central Bank of Egypt (CBE).
Egypt and UAE enter $1.4 Billion local-currency swap agreement
The Central Bank of Egypt, and the Central Bank of the UAE have established a bilateral currency swap agreement valued at approximately $1.4 billion. ・Up to 5 billion dirhams and 42 billion Egyptian …
Strong operating conditions for GCC banks; UAE outperforming
GCC banks are benefitting from strong operating conditions supported by high oil prices, contained inflation and rising interest rates, but bank performance varies between markets, Fitch Ratings says.