Bahrain’s finance sector grew by 427 employees last year
banking
banking
First Abu Dhabi Bank denies $35bn Standard Chartered interest
First Abu Dhabi Bank moves to distance itself from speculation over a takeover bid for Standard Chartered
banking
UAE’s Sarwa launches cash account with 3% interest return
Sarwa introduces savings account with high-yield return for savers in the UAE
banking
UAE bank assets reach $991bn
Central Bank of the UAE reports show assets on the verge of passing $1tn
banking
Abu Dhabi’s Standard Chartered $1.1tn giant bank interest shows global ambition
First Abu Dhabi Bank’s Standard Chartered plan shows UAE is planning to become a major global force in finance
banking
Goldman Sachs shifts bankers to Dubai amid race for 4,000 new millionaires’ wealth
Goldman Sachs increases headcount in Dubai with senior banker positions
banking
UAE bank assets worth $900bn and growing amid digital expansion
UAE Banks Federation says sector assets have climbed $825bn in the century so far
banking
‘We don’t have a solution to bank crisis’ says Lebanon’s Interior Minister
Speaking to Arabian Business, Lebanon’s caretaker minister Bassam al-Mawlawi says country is working to avoid collapse of banking system
banking
Credit Suisse chief reassures markets amid tanking shares, rising default swaps
The new strategic plan could lead to sweeping changes to its investment bank and may include cutting thousands of jobs over a number of years
banking
Saudi finance ministry hosts GCC Financial and Economic Cooperation Committee meeting
The GCC financial ministers and central bank governors were also scheduled to hold a joint meeting with the managing director of IMF Kristalina Georgieva to discuss a number of issues concerning the region
banking
Saudi Arabia’s Financial Academy kicks off registration for initiative to spot and mould future financial leaders
The programme is aimed at bringing together elite leaders in the financial sector, who could focus on the rapid developments and alternative solutions for the financial sector until 2030
Abu Dhabi
UAE banks can ‘withstand’ severe shocks as global economy evolves: central bank
The national regulator conducted risk analyses through solvency and liquidity tests and supervision to “assess potential vulnerabilities”
banking
The age of interoperability in payment systems
The pandemic not only brought about a rapid digitisation of services, forcing everyone to adapt to new payment systems and processes, but also opened the doors to payments innovation
banking
Dubai Islamic Bank income jumps 7 percent ‘despite global headwinds’
The bank’s net profits amount to 2.7 billion and also saw an increase in total income rose to AED6.3 billion
banking
UAE’s first digital bank Zand announces board of directors as it gears up for launch
It has added ‘seasoned business leaders’ from the likes of Emirates, LuLu Group, Franklin Templeton and Al Hail Holding
ADIB
ADIB offers first-ever plot financing to meet rising demand for land ownership
The Abu Dhabi Islamic Bank (ADIB) has launched the scheme to help customers purchase land for investment or to build a home on
banking
HSBC says Dubai is ideal base to tap into new growth across the region
The bank’s group chairman met recently with Sheikh Maktoum bin Mohammed, Minister of Finance and deputy ruler of Dubai