A recent BCG study showed the projected revenue outlook of retail banks in key economies in the GCC, which includes the UAE, Saudi Arabia, and Kuwait in three retail banking revenue growth scenarios.
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Vaccine Trip to UAE Costs Canada Pension CEO His Job
Mark Machin quit as head of Canada Pension Plan Investment Board after he went to the United Arab Emirates and received a Covid-19 vaccine, defying guidance from Justin Trudeau’s government to avoid …
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Saudi’s Samba-NCB new entity to finance development projects: Chairman
The Samba chairman said that since there were branches of NCB and Samba only several meters apart, one branch would be closed and transferred to a new location to serve customers.
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CPPIB CEO Machin Steps Down After Getting Vaccinated in UAE
The head of Canada Pension Plan Investment Board, Mark Machin, has stepped down after disclosing he recently traveled to the United Arab Emirates where he arranged to be vaccinated against COVID-19, …
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UAE Central Bank sanctions individual for breach at exchange house
ABU DHABI – The Central Bank of the UAE (CBUAE) has imposed sanctions on a non-authorised individual related to an exchange house operating in the UAE, after the person carried out a function without …
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How Saudi Arabia, UAE are levelling the field for women in business, society
World Bank report highlights progress made in the Gulf region following reforms aimed at embracing women’s role in society …
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Saudi’s PIF makes billions on its investment in Lucid Motors
DUBAI: The Public Investment Fund, Saudi Arabia’s premier investing institution, has seen a multi-billion dollar increase in the value of its investment in Lucid Motors, the fast-growing Californian …
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UAE tops in the region, ranked 17th globally in Global Soft Power Index
The UAE has been ranked 17th in the world in the Soft Power Index and topped amongst 15 nations from the Middle East & North Africa (MENA) region, according to the Soft Power Index report …
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United Arab Emirates Gift Card and Incentive Card Market Intelligence and Future Growth Dynamics Report 2021-2025 – ResearchAndMarkets.com
The “United Arab Emirates Gift Card and Incentive Card Market Intelligence and Future Growth Dynamics (Databook): Spend Analysis by Digital/e-Gift Card, Retail & Corporate Consumers, Top Retailers, …
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UAE to Increase Investment in Israel’s Private Sector
UAE Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan and his Israeli counterpart, Gabi Ashkenazi, greet as they visit a …
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Nigeria to draw up supplementary budget for COVID-19 vaccines in March -finance minister
LAGOS- Nigeria plans to draw up a supplementary budget for COVID-19 vaccinations in March, the finance minister said on Thursday. Zainab Ahmed told reporters in the capital Abuja that the government …
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UAE Central Bank fines individual Dhs600,000 under anti-money laundering law
The fine was imposed because the individual had no authorisation to undertake a function that required prior approval from the Central Bank.
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100% Foreign Ownership of Companies In UAE
Introduction A presidential decree was passed in the United Arab Emirates on November 23rd, 2020, under which some imperative changes were made in the federal law no. 2 of 2015, namely the companies …
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Turkish renewable energy producer Aydem applies for IPO
ISTANBUL- Aydem Yenilenebilir Enerji, one of Turkey’s largest renewable energy producers, said on Tuesday it applied to the country’s capital markets watchdog for an initial public offering (IPO), …
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How breaking ‘UAE norm’ earned Emirati entrepreneur start-up success
The Emirati had gone through what he described as the “UAE norm”, which was “to get a job, get promoted quickly and get to the top very quickly”. With a background in the financial sector, he would …
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Dubai Islamic Bank becomes the 10th bank to join the SBP’s Roshan Digital Account initiative
Dubai Islamic Bank – the World’s First Islamic bank – today joined the Roshan Digital Account (RDA) initiative of the State Bank of Pakistan (SBP) in a ceremony with Governor SBP, Dr. Reza Baqir, as …
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HKMA and BOT partner with PBoC and UAE’s Central Bank to develop an m-CBDC
The Hong Kong Monetary Authority (HKMA) and the Bank of Thailand, have joined hands with UAE’s Central Bank (CBUAE) and the Digital Currency Institute of the People’s Bank of China (PBoC) in a FinTech …
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