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SAMA provides $13 billion to banks for improving liquidity

Saudi Arabian Monetary Authority (SAMA) is advancing $13.29 billion into the banking sector to raise liquidity and improve the lending capability of financial institutions...

ADIB brings in interim CEO as former chief executive Mazin Manna...

UAE's biggest Islamic finance institution, Abu Dhabi Islamic Bank (ADIB), has promoted in its current Chief Operating Officer Mr. Sandeep Chouhan as its new...

UAE Central Bank delivers financial reporting guidelines to assess COVID-19 credit...

The Central Bank of the UAE announced guidelines to financial organizations on the use of International Financial Reporting Standard 9 (IFRS 9) to guarantee...

DIFC-based InstaVal unveils digital investment banking platform

InstaVal, an investment preparation platform company based out Dubai International Financial Centre (DIFC) has unveiled a digital investment banking platform that produces valuation statements...

Commerzbank raising $3.31 billion to fuel new business opportunities 

Where the majority of the financial institutions around the world struggle to maintain operations, Germany's Commerzbank is planning to raise up to $3.31 billion...

UBS creating fin-tech exclusive venture fund

Swiss investment banking giant, UBS Group is creating an exclusive venture capital fund for fintech projects. The venture fund will finance fintech projects in three...

UAE Exchange begins transaction refunds to customers

UAE based currency exchange and transfer firm UAE Exchange has begun issuing refunds to few customers whose transactions had been delayed for more than...

SALAMA declares AED13.65 million profit for Q1 2020

UAE’s biggest and oldest takaful provider, Islamic Arab Insurance Company (SALAMA) has published its evaluated financial results for the quarter ending March 31, 2020...
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