Qatar’s biggest banks reported a slight rise in first-half profits, but Moody’s Ratings warned that mounting costs, loan-loss provisions and exposure to real estate risks could weigh on profitability in the months ahead
finance
Latest in finance
Abu Dhabi
UAE finfluencer licensing brings ‘long overdue accountability’ to social media investment advice, experts say
The UAE’s ‘finfluencer’ licensing system combats social media investment scams, with groundbreaking rules requiring anyone with just 1,000 followers who gives financial advice to register with regulators
Barclays
UK regulator fines Barclays $51mn after it drops appeal over Qatar dealings
The fine by the Financial Conduct Authority dates back to the 2008 crisis, when Barclays scrambled to raise funds from overseas investors, including Qatar, in order to avoid a state bailout
finance
Morgan Stanley to set up Mideast regional HQ in Saudi Arabia
The regulatory nod will make it the latest Western bank to expand its operations in the country
Adani Group
TotalEnergies to stop funding Adani firms till clarity on corruption accusations
US prosecutors last week charged the Indian group’s billionaire founder and seven others over an alleged multimillion-dollar bribery and fraud scheme
business leaders
Driving business growth: Why every CEO needs a stellar CFO
The role of CFO has evolved rapidly from providing financial analysis to performance management and strategic input far beyond the traditional role of financial gatekeeper
banking
Beltone revenue up 812% at $77mn in Q1 2024
This remarkable growth was driven by the robust expansion of the Non-Banking Financial Institutions platform coupled with the exceptional performance of the Investment Bank.
Abu Dhabi
Dubai tops growth among world’s wealthiest cities as millionaire population soars
With over 72,000 resident millionaires today, Dubai’s rise testifies to its pro-business policies and welcoming stance towards capital, factors that will propel it up future rankings, an expert says
anti money laundering
Dubai launches major crackdown on economic crimes
Dubai launches platform to allow public to report economic crimes
banking
Timely gains for whom? Clients await benefits as industry holds on to rate hikes
It appears that the playbook of banking after years of low interest rates is to reap the benefits of rate hikes for themselves, often at the expense of their clients
Abu Dhabi
UAE confiscates $356m from money launderers, hands out $54m fines in major crime and terrorism crackdown
UAE conducts review of money-laundering operations and financial crimes in the country
Abu Dhabi
Inside the UAE’s crackdown on money laundering
UAE achieves record-breaking financial crime confiscations in 2023, nearing exit from FATF grey list
Abu Dhabi
TikTok lures Gen Z with personal finance advice, but experts warn of risks
TikTok has become the go-to platform for young people to learn about personal finance – but will this do more harm than good?
Abu Dhabi
UAE millennials overspend, fail to save: Top 3 errors causing financial ruin
Millennials need to stop blaming the economy for their financial woes and start by breaking these 3 money habits
banking
Dubai: DIFC reports record growth in H1 2023 with 23% rise in new business registrations
Fintech booms in Dubai during the first half of 2023 as DIFC witnesses a 35% surge in innovative companies
Blockchain
Crypto scammers lose out on billions as revenues drop 77%: Report
2022 was a difficult year for the crypto industry but things are looking up as crimes drop by 65% and scam revenues decline by 77% since last year
finance
VI Markets partners with KidZania Kuwait
VI Markets are proud to provide investors the opportunity to trade forex and CFDs on indices, commodities, energies, bonds and futures
