Credit ratings can be a force of change in UAE finance

In a recent communiqué, the UAE’s Securities and Commodities Authority (SCA) reiterated its aim of introducing credit rating regulations as part of UAE’s vision of having a well-developed, investment-conducive and resilient financial system. ( read original story ...)

Dubai lender Emirates NBD posts flat Q3 net profit

"Both Dubai and Emirates NBD are well placed to deal with the regional challenges stemming from a lower oil price environment," said Mr Nelson. Emirates NBD is banking on more digital programmes, with an increased focus on online and mobile banking services. ( read original story ...)

Saudi set to become top tech investor with $100 billion fund

DUBAI: Saudi Arabia and Japan’s SoftBank Group will create ... who joined the Japanese firm in 2014 from Fortress Investment Group, a private equity and hedge fund group. PIF will engage its own team. Saudi Arabia’s Deputy Crown Prince Mohammed bin ... ( read original story ...)

SoftBank Names Rajeev Misra As Head Of $100 Billion Tech Fund

Dubai/Tokyo: Saudi Arabia and Japan's SoftBank Group will ... who joined the Japanese firm in 2014 from Fortress Investment Group, a private equity and hedge fund group. Saudi Arabia's top sovereign wealth fund, the Public Investment Fund (PIF), will ... ( read original story ...)