Extraordinary Arab women are breaking barriers and setting new precedents in the traditionally male-dominated sectors of banking, finance, and investments.
7 UAE banks report $9bn profit in 2022
Emirates NBD's profits climbed by 40% to $3.53 billion.
China-backed bank halts lending to Russia, Belarus
In a statement issued Thursday, the AIIB said that "in the best interests of the bank, management has decided that all activities relating to Russia and Belarus are on hold.
Transaction law changes will help raise UAE’s competitiveness ranking: CBUAE
Several amendments to the Commercial Transactions Law related to cheques will contribute to raising the UAE's ranking in the Global Competitiveness Index, the Central Bank of the UAE (CBUAE) said on Monday. These amendments, which will come into effect on 2 Jan. 2022, are related to the decriminalization of cheques,...
Most EMEA banks fret they would cease to exist unless they digitize fast
Nearly 75 percent of banks expect tech giants such as Google and Amazon to dominate the banking industry in five years' time, a report said.
Kuwait’s Burgan Bank gets approval to issue $500m senior bonds
Kuwait's Burgan Bank has been allowed to issue up to $500 million senior unsecured bonds under its Euro Medium Term Note program. In a statement on the Kuwait stock exchange on Wednesday, the bank, which is a subsidiary of Kuwait Projects Company Holding KSC, said it has received approval from...
Apicorp to allot $1bn for green energy
The bank will make the investment over the next two years.
