Banking & Finance

News

Sharjah Islamic Bank and University of Sharjah Partner to Build the Next Generation of Banking

Sharjah Islamic Bank and the University of Sharjah have signed a Memorandum of Understanding to establish a framework for cooperation.

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FICO and Tech Mahindra Partner to Modernise Core Banking with AI-Driven Decisioning

FICO and Tech Mahindra have entered into a global partnership to support banks, financial services and insurance (BFSI) institutions in.

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DFSA Ends Recognised Crypto Token List, Shifts Responsibility to Firms in DIFC

The Dubai Financial Services Authority (DFSA) has brought into force updates to its Crypto Token regulatory framework in the Dubai.

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Featured Profiles

Redefining Finance Through Innovation and Inclusion

Toufic Koussa, Co-Founder and CEO of Whish Money, stands at the forefront of a financial revolution. Leading one of the.

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News

Peace of Mind and Partnership: The New Era of Retirement Planning

Janus Henderson Investors has released the findings of its 2025 Investor Survey – Retirement Income and Planning,which seeks to better.

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News

GCC Insurance Sector Outlook Stable: Moody’s

Solid economic growth linked to government investment in non-oil-related sectors will over the next 12 to 18 months support the.

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News

Ziina Debuts Digital Card Powered by Visa

Ziina, a leading licensed UAE fintech platform offering both acquiring and issuing, announces the launch of Ziina Card, its first.

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News

Individual Investment Portfolios in Saudi Stock Market Rise

The number of individual investment portfolios in Saudi Arabia’s main stock market rose by 13.5% year-on-year in the first quarter.

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Featured Profiles

Breaking Down Barriers in Insurance Access

A veteran insurance leader whose journey has been defined by dedication and innovation, expansion, Takayuki Ueda comes with a strong.

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Opinion

Ukraine – The Most Unexpected Yet Attractive Investment Destination?

In a world where investors often gravitate toward predictability and stability, the most transformative opportunities frequently emerge from less expected.

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News

‘We Want to Make Blockchain Security Smarter, and More Efficient’

As the blockchain and Web3 ecosystems continue to evolve rapidly, security remains a critical challenge. Millions of dollars are lost.

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News

Maldives to Build US$8.8b International Financial Centre

The Maldives Government and MBS Global Investments are to create an US$8.8bn Maldives International Financial Centre (MIFC) – a wholly.

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All Opinion

Trump’s Tariffs: Business Leaders Reflect on Ripple Effects

In a dramatic escalation of the global trade war, US President Donald Trump recently slapped tariffs of up to 145%.

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News

US Stocks See Record Surge as Trump Pauses Tariff Hikes

In an explosive turnaround for the US markets, stock indexes saw record-breaking gains on Wednesday after former President Donald Trump.

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All Opinion

The Role of Cybersecurity in Financial Fraud

Fraudsters and cybercriminals are siphoning billions from financial institutions, businesses, and individuals—often without leaving a trace. Fraud is no longer.

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Opinion

How Investors are Navigating Market Turbulence in 2025

Stock market volatility is nothing new, but 2025 has proven to be a year where investors are forced to rethink.

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Featured Profiles

‘Build Solutions that Address Real Market Needs’

The Chief Financial Officer at Breega, a prominent venture capital firm, Pauline Chau comes with a strong foundation built on.

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Featured Profiles

Insights on the Evolving Company Secretarial Industry

Belinda Wong, the Founder of Leader Corporate Services Limited and a respected figure in the company secretarial industry, has played.

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News

Funds Back Trump 2.0 Era: Dollar at its Strongest Since 2016

As Donald Trump starts his second term as U.S. president, currency speculators are giving the dollar their strongest backing since.

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News

Hana Hamzeh Launches Financial Hero Academy

Hana Hamzeh, Founder and CEO of Fifreedomtoday, has once again proven her commitment to empowering Arab youth with the launch.

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News

Deloitte ME Appoints Simon Cuerden as Forensic & Financial Crime Leader

Deloitte Middle East has announced the appointment of Simon Cuerden as Forensic & Financial Crime leader for the region. Having.

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News

Dollar Holds Near Two-Year High; Yuan Under Threat

The dollar strayed not too far from a two-year peak on Monday as traders awaited a raft of U.S. economic.

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News

Australian Consumers Worry About Economy in December

Australian consumer sentiment took a step back in December as concerns about the economic outlook outweighed an improvement in people’s.

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News

South Korea Grapples with Rising Inflation

South Korea’s inflation rate climbed in November to 1.5% year on year, from a 45-month low in October, as the.

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News

Student Loan Borrowers May Face Higher Payments Under Trump

Consumer advocates are worried about the fate of the U.S. Department of Education’s new affordable repayment option for borrowers, known.

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News

HSBC Managers Competing to Keep Jobs in CEO’s Revamp

HSBC Holdings Plc has initiated a major restructuring within its corporate and institutional banking division, requiring hundreds of managers to.

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News

Bitcoin Breaks $95,000 for First Time in Asia Trade

Bitcoin’s march toward $100,000 made further ground as investors bet a friendlier US regulatory approach to cryptocurrencies under President-elect Donald.

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News

UAE Leads Digital Banking in the Middle East

The UAE is setting the standard for Middle Eastern banking innovation, commanding the largest share of the region’s $3.2 trillion.

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News

Amidst Controversy, Zhong Shanshan Remains China’s Richest Person

Nongfu Spring, which says it is China’s largest packaged-water producer by market share, has been awash in problems, including online.

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Featured Profiles

Exploring the Investment Landscape of Asia Pacific

With over two decades of experience steering high-net-worth clients through volatile markets, Paul Lee has established himself as a leading.

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News

Pakistan’s Viral ‘Chaiwala’ Bags Massive ‘Shark Tank’ Deal

Arshad Khan, famously known as ‘Chaiwala’, has achieved a remarkable milestone in his business journey by securing a Rs 10.

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News

Hong Kong Regains Title as World’s Freest Economy

Hong Kong resumed its half-century run as the world’s freest economy, wresting the title from rival Singapore, according to a.

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Featured Profiles

Demystifying the Complex Realm of Finance

A passionate advocate for financial independence and social change, Hana Hamzeh founded Fifreedomtoday to provide practical tools and strategies for.

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Featured Profiles

Exploring the Intricate Tapestry of Life

With over 40 years of experience advising global giants such as bp, Toyota, and Merck, Bruce Piasecki has consistently championed.

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Featured Profiles

Navigating the Complex World of Compliance

Driven by a deep commitment to ethical behaviour and organisational integrity, Chief Compliance Officer Yashwant Singh has built a distinguished.

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News

Mercer Opens New Onshore Office in Abu Dhabi

Mercer, a global leader in redefining the world of work, reshaping retirement and investment outcomes, and a business of Marsh.

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Opinion

SMEs: A Driving Force in the UAE’s Economy

The Small and Medium Enterprises (SME) sector in the UAE has experienced remarkable  growth, particularly as the post-pandemic world begins.

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News

Wells Fargo Expands Workforce Diversity

Wells Fargo, a leading global financial services company, has announced the launch of its Transgender Persons Hiring Program in India,.

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News

Australia’s Business Conditions Plummet in August

Australian business conditions fell to the lowest in two-and-a-half years in August with the outlook for jobs taking a hit,.

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News

India Business Thrives for Sberbank Amid Western Sanctions

Russia’s Sberbank has reported a significant boost in its operations in India, defying the impact of Western sanctions. Anatoly Popov,.

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Featured Profiles

Fostering a Culture of Collaboration   

The visionary CEO of Baker Tilly Central Africa, Courage G Matsa has built an impressive career in the accounting industry.

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News

Space Economy Expert Joins Relm Insurance as Senior Advisor

In a strategic move to solidify its position at the forefront of the rapidly expanding space economy, Relm Insurance has.

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News

Paytm Gets Investment Nod from Indian Government

India’s leading fintech company, Paytm (One 97 Communications Ltd.), has received crucial approval from the Ministry of Finance to invest.

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News

UK Weather Insurance Claims Hit £1.4b in Q2

The UK insurance industry faced an unprecedented challenge in the second quarter of 2024, with a record-high £1.4 billion paid.

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News

Swift’s Cancelled Concerts to Cost Insurers Millions

Insurers face substantial financial losses after three Taylor Swift concerts in Austria were abruptly cancelled due to a foiled attack.

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News

Al Ansari Expands Footprint with BFC Acquisition

Al Ansari Financial Services PJSC (AAFS) has significantly expanded its market dominance by acquiring BFC Group Holdings WLL (BFCGH) in.

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News

New Index Highlights Normal Financial Stress

Goldman Sachs has introduced a new Financial Stress Index (FSI) that, despite recent market volatility, indicates financial stress remains within.

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News

Japanese Stocks Surge After Historic Drop

Fears of a strengthening yen and potential US recession sent Japanese stock markets into meltdown, seeing the biggest point decline.

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News

ING Raises Projected Income to €22m

ING Group lifted its 2024 outlook for total income to more than 22 billion euros after posting second-quarter net interest.

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News

Jordan Sees 6% Rise in E-wallet Users

The number of e-wallet users in the Kingdom of Jordan has risen by 6%, according to recent statistics released by.

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News

HDI Global SE Opens Office in DIFC 

HDI Global SE continues its international expansion receiving a regulatory license from Dubai Financial Services Authority (DFSA) to open an.

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News

Arab Bank Group Profits Grow by 25% to $503m

Arab Bank Group reported solid results for the first half of 2024, with a 25% increase in net income after.

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News

UAE Expects to Revive Trade Talks with EU by Year-end

The United Arab Emirates hopes to reactivate trade talks with the European Union by the end of the year, the.

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News

India to Spend $24b on Boosting Jobs

India will spend $24 billion in job-spurring efforts over the next five years and boost rural spending, Finance Minister Nirmala.

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News

Shooting Attack Bolsters ‘Trump Trade’ in USA

Rising expectations that former President Donald Trump will regain the White House in November are supercharging the so-called Trump trade,.

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News

HSBC Appoints CFO Elhedery as New CEO from Sept

HSBC Holdings Plc has appointed its Chief Financial Officer Georges Elhedery as its next CEO, the bank said, a choice.

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News

Turkey, Qatar Saw Fastest Rise in Household Wealth in 2023

Turkey and Qatar saw the fastest growth in individual household wealth in local currency terms in 2023 as global wealth.

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News

Brazil Bill for Major Tax Reform Moves Ahead

Lawmakers in Brazil’s lower house have approved the main text of a bill that would carry out a major tax.

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News

Fiscal Fears Hit Indonesia’s Free Meal Plan for Schools

Indonesia’s President-elect Prabowo Subianto wants to give school children free meals, but the plan and his pledge to be ‘daring’.

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News

UBS Under Regulatory Scanner after Credit Suisse Takeover

Switzerland’s consumer pricing watchdog has put UBS under observation following its takeover of Credit Suisse, the regulator has said, amid.

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News

Relm Insurance Expands into MENA Region

Relm Insurance Ltd has stepped into the MENA region through the acquisition of B&F Partners Ltd., now known as Relm.

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News

Conversational AI Platform Raises 585k€ Pre-seed

OpenFi, a conversational AI platform for lead generation and customer nurture, announced it has closed a €585k pre-seed funding round..

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News

Shakespeare Communications Wins KGI Account

Shakespeare Communications, a boutique PR firm based in Dubai, has announced its newest client, Krypton Global Investment Consultants LLC (KGI)..

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News

ANZ Sanctioned for Charging Fees from Dead Customers

Australian lender ANZ has been sanctioned for failing to stop or refund fees for dead customers and not responding to.

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News

Dubai Falls Five Places in Most Expensive Cities Ranking

Dubai has fallen out of the top 10 most expensive cities to live well in and ranked 12th, down from.

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News

6,700 Millionaires to Move to UAE by End of 2024

The UAE is continuing its run as the destination of choice for high-net-worth individuals (HNWI) with a new report by.

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News

50,000 Indian Women Get Cash Dole as Temperature Soars

A group of 50,000 self-employed women in India have become the first beneficiaries of a novel insurance scheme that pays.

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Featured Profiles

Always Prepared to Welcome Change

Noel Krisnandar Yahja, CFO, SGMW Multifinance Indonesia has carved a niche for himself in the complex world of finance. In.

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News

KSA Eyes Over $3Trillion Investments by 2030

Saudi Minister of Investment Khalid Al-Falih has underscored a plan to draw investments and financial flows exceeding $3 trillion by.

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News

AI-enabled Sharia Compliant Fund Launched

Trading and investing platform eToro has partnered with Arabesque AI, an investment advisory and technology company, to launch a new.

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News

iAccel and GII Partner for Eureka! GCC 2024

Gulf Islamic Investment’s Eureka! GCC, the Gulf region’s edition of Asia’s largest business model competition, has formed a strategic partnership.

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Featured Profiles

‘Finance is a Universal Language’

MD Pictures’ rich history can be traced back to 2002 with its old logo and iconic location in Bursa Efek.

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News

Global Insurers’ Climate Grouping Relaunched

A global insurance coalition intended to help curb the sector’s greenhouse gas emissions has Relaunched with a new name and.

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News

Uniqus Consultech Raises $10m in Series B Funding

Uniqus Consultech, a tech-enabled global platform that offers ESG and Accounting & Reporting Consulting, has announced raising $10 million in.

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News

Morgan Stanley to Cut Jobs Across Asia Pacific

According to the latest reports, banking major Morgan Stanley is cutting at least 50 investment banking jobs in Asia Pacific.

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News

Amsterdam-based Digital Bank Raises €29 Million

The European digital bank Bunq recently announced a net profit of €53 million for 2023 in its annual report. The.

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All

APAC Countries in Urgent Need of Affordable Financing

Making a significant remark on key economies of Asia and Pacific, the United Nations, in a report, stated that the.

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Featured Profiles

Bahrain’s GDP on an Upward Trajectory

With a multitude of successful operations in Europe and the Middle East, securitization and wealth management company DHF Capital SA.

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News

EcoLearn Summit Shines Light on Financial Empowerment

The sixth edition of the ‘EcoLearn Summit 2024 – From Dubai to the World’ sponsored by Tickmill LTD, concluded successfully,.

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News

Japan’s Central Bank Scraps Negative Interest Test

Japan’s central bank recently scrapped its negative interest rate as it finally began unwinding one of the world’s most aggressive.

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News

UBS Looks for M&As in the US

Swiss banking giant UBS will look for merger and acquisitions opportunities in the United States in the next few years,.

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News

Only 6% Banks Ready for Large-scale AI Transformation

The 20th anniversary edition of the Capgemini Research Institute’s World Retail Banking Report, published today, reveals 80% of retail bank.

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News

Indian Bankers to Get Higher Salary Hikes

Finance professionals in India are in line for higher salary hikes than those in Hong Kong and Singapore this year,.

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News

BKN301 Employs ‘White-Label’ Banking-as-a-Service Solutions

BKN301 Group, a leading payment and Banking-as-a-Service provider in the MENA region, is driving innovation with its ‘White-Label’ Banking-as-a-Service solutions.

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News

UBF CEOs Plan 2024 Banking Sector Revolution

The CEOs Advisory Council of UAE Banks Federation (UBF), the sole representative and unified voice of the UAE banks, held.

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Featured Profiles

Navigating Compliance in the Digital Age

In an interview with Jason Teoh Kheng Swee, he talks about the evolving landscape of compliance in the digital age

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