Banking & Finance

UAE Central Bank imposes sanctions on 6 banks for compliance failure

For failing to comply with due diligence and reporting procedures

Lebanon passes amendments to banking secrecy law

Parliament amended the original formula... Will the IMF concur?

UK’s Barclays to buy a stake in a crypto firm

The financing is expected to be completed within days

Rashed Al Ansari: “Crypto exchanges not a direct threat to us”

Agility, digitization, leadership, passion are driving forces behind exchange

Oil prices, interest rates to boost banks’ profitability in Saudi, UAE

Saudi, UAE banking sectors face contrasting liquidity dynamics

UAE: Central Bank reveals assets value in the banking sector

Bank deposits increased by 0.9 percent to AED2.006 trillion

The PIF acquires about 17% of Aston Martin

The Public Investment Fund is betting on the future of the automotive and transportation

Bank Muscat’s profits during the first half of 2022

The bank announced preliminary unaudited financial results for H1 2022

EFG Hermes concludes advisory on Agthia’s acquisition of Auf Group

The transaction follows successful advisory transactions in the GCC, Egypt

UAE’s DP World concludes offer to buy Nigerian company

Deal aims to boost trade ties with promising global markets

Battle heats up between Twitter, Elon Musk

Twitter said it was confident the company would win the case