Sheikh Mohammed bin Faisal will now lead the bank.

The company also appointed two new Board directors.

According to Mohamed Ali Al Shorafa, Chairman of the SCA Board, the issuance of green bonds and Sukuk is one of the transformational projects in supporting the UAE efforts to make it the new economic hub for the next ten years, and regulating the issuance of these green bonds was...

RIYADH, SAUDI ARABIA - Al Rajhi Bank said on Monday that it has appointed Abdullah bin Sulaiman Al Rajhi as chairman of the board of directors. The bank said in a regulatory filing on the Tadawul that it also named Ibrahim bin Mohammed Al Romaih as vice chairman. Al Rajhi...

BEIJING, CHINA – Chairman of China’s National People's Congress (NPC) Standing Committee Zhao Leji held talks in Beijing with the speaker of the Federal National Council of the United Arab Emirates (UAE) Saqr Ghubash. Zhao said that under the two countries' leaders, China and the UAE have continuously consolidated their...

Abu Dhabi, UAE-- Looking to employ 5,000 UAE national by 2026, and designing a program to groom future banking and financial sector leaders, the UAE Banks Federation (UBF) approved the plans for 2023 presented by the board of directors at its Annual General Meeting (AGM). The AGM was chaired by...

BERN, SWITZERLAND - Switzerland's central bank said Friday that the country's banking regulations needed toughening up after the implosion of Credit Suisse, while the sector also needed to ensure proper competition for services. "Banking regulation and supervision will have to be reviewed in light of recent events," Swiss National Bank chairman...

Beijing, China--Investment bank China Renaissance suspended trading in its Hong Kong-listed shares on Monday, saying the disappearance of its chairman meant it was unable to publish its annual results. Bao Fan, the group's billionaire chairman and executive director, went missing in February and was later revealed to be "cooperating" in an official investigation...

DOHA, QATAR -  Qatari prosecutors have charged former finance minister Ali Sharif Al-Emadi with bribery, money laundering and a range of corruption charges, the state news agency said Sunday. Al-Emadi, 54, was arrested in May 2021 when he was one of the most influential business executives in the Middle East. He...

FY'22 turnover rose to $1.4 billion, up 65 percent YoY.

Allaying fears over the future of the Suez Canal, its chairman said the waterway 'is not for sale. The fear was stocked over a draft law in parliament seeking to establish a sovereign wealth fund to "carry out all economic and investment activities" for the Suez Canal Authority.

Dubai, UAE— Etihad Credit Insurance (ECI) has reviewed its programs and initiatives in a meeting chaired by Abdulla bin Touq Al Marri, UAE Minister of Economy and Chairman of the Board of Directors of ECI. The meeting reviewed a series of ECI’s comprehensive programs and initiatives, which are aligned with...

The sports sector has contributed some $2.45 billion to the Dubai economy in 2021, representing 2.3 percent of the emirate's annual gross domestic product. According to the Dubai Sports Council 105,000 jobs will be created in the sector, which will account for 3.8 percent of total employment in Dubai.

It has also formed several panels that will function for three years.

Chairman of Kuwait Chamber of Commerce and Industry (KCCI) Mohammad Al-Saqer called for more bilateral efforts to achieve the desired economic goals.

The Saudi stock market is now larger than the Kingdom's entire economy — even without taking Aramco into consideration, the Capital Market Authority (CMA) chairman has said.

The airline registered a net profit of KD 11.8 million in the Q3.

EPGC has announced that Badr Al Olama is its new chairman.

The company posted a net profit of $24.2 million for the quarter ending March 31, 2021 Its portfolio includes CitiGroup, Four Seasons Hotels & Resorts, Banque Saudi Fransi, and Savoy The philanthropist and billionaire of Saudi Arabia, Prince Alwaleed bin Talal, will continue to be chairman of the board of...