CAIRO, Aug. 15 (Xinhua) — The Egyptian Ministry of Finance on Tuesday signed a 500-mln-U.S. dollar five-year financing agreement with the Abu Dhabi Exports Office (ADEX) of the United Arab Emirates …
HSBC names head of global private banking in Kuwait
Before joining HSBC in Kuwait, Kazerooni worked for Bank of London and the Middle East’s Dubai branch. To expand the bank’s operations in Kuwait, he will collaborate closely with HSBC’s …
Demand for EVs, hybrid cars rise among UAE travellers
With 84% of road trippers citing sustainability as an important factor when hiring a car, the interest in hybrid and electric cars is high. Almost half (41%) of UAE travellers surveyed have hired an …
Ajman Bank Introduces Google Pay To Offer Its Customers A Seamless Digital Payment Experience
Ajman Bank, one of the leading Shariah compliant banks in the UAE, has introduced Google Pay for its Debit, Credit Cardholders for both Android a …
Emirates Islamic wins award for ‘Best Islamic Real Estate Deal’ at the Euromoney Islamic Finance Awards 2023
Dubai: Emirates Islamic, one of the leading Islamic financial institutions in the UAE, today announced that it has received the ‘ Best Islamic Real Estate Deal’ award at the prestigious Euromoney …
UAE national banks provide Dhs745.5bn in financing by May-end
UAE central bank said the business and industrial sectors received credit financing mostly from traditional banks.
UAE Addresses 521 Money Laundering Cases in 2-Year Span
The UAE’s Ministry of Interior has tackled 521 cases of money laundering over the previous two years and has worked with international law enforcement agencies to apprehend 387 “wanted offenders.”Read …
Video interview: Mashreq – pushing digital banking boundaries in the Middle East
The UAE’s Mashreq has for years invested shrewdly in growing and developing its digital banking capabilities. As that investment continues to deliver returns, group CEO Ahmed Abdelaal explains the …
UAE banks give $203bn credit to business and industry
UAE banks extended an additional AED28.4bn ($7.7bn) in credit facilities to the business and industrial sectors in the first five months of this year. According to the latest statistics from the …
UAE: National banks’ financing for business, industrial sectors totalled $7.7bln over 5 months
The statistics also showed that the two sectors witnessed a 4 percent rise in credit balance from national banks over five months …
Dubai-listed Shuaa Capital’s top shareholder to sell stake, steps down as MD
Founded in 1979, Shuaa has led several big transactions in the Middle East, including as one of four banks on now-delisted Dubai state-owned port operator DP World’s $5 billion initial public offering …
UAE to host top global experts to discuss international finance reform ahead of Cop28
The UAE’s Cop28 presidency has announced that it will host an international group of top economists, private sector leaders, and the UN Climate Change High-Level Champions this week to boost efforts …
COP28 UAE Presidency to convene world-leading economists in UAE to drive progress on reform of international finance
The two-day meeting — taking place on 15th August at the Abu Dhabi Global Markets (ADGM) — will bring together world-leading economists, private sector leaders, the COP28 Presidency and UN Climate …
COP28 UAE Presidency to convene world-leading economists in UAE
The two-day meeting — taking place on 15th August at the Abu Dhabi Global Markets (ADGM) — will bring together world-leading economists, private sector leaders, the COP28 Presidency and UN Climate …
COP28 UAE Presidency: Leading economists to drive progress on int’l finance reforms
The COP28 Presidency has announced that it will convene the Independent High-Level Expert Group (IHLEG) on Climate Finance in the UAE this week to drive progress on steps to reform international …
COP28 UAE’s Presidency Leads To Meaningful Progress
Nabeel Munir, Pakistan Ambassador to Korea. He also chairs the ‘Subsidiary Body on Implementation’ and would continue to lead until COP29 …
Top UAE Grocer Lulu to Raise $2.7 Billion Ahead of Possible IPO
Lulu Group International, which operates one of the Middle East’s largest hypermarket chains, is raising 10 billion dirhams ($2.72 billion) to refinance debt ahead of a potential initial public …