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
banking and finance
Latest in banking and finance
banking and finance
London-listed Informa boosts profit forecast
The company announced that it has fully recovered from the disruptions caused by the pandemic, with growth surpassing pre-pandemic levels
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
Abu Dhabi Investment Authority
UAE’s ADIA to launch new data lab centre in December
The move is part of the nation’s efforts to boost research and development in the UAE
banking and finance
UAE Banks Federation discusses strategies, plans for Emiratisation in the banking and finance sector
The meeting also deliberated on various programmes being undertaken by the federation to improve working of the sector
banking and finance
When is the right time to invest?
Trying to time the market is the ultimate losing game. If it was easy, we would all be millionaires and none of us would work anymore, says Diego Wuergler
banking and finance
State-backed digital bank Wio debuts in the UAE, aims to focus on SMEs
The “platform bank” will set its focus initially on small and medium enterprises and is set to launch a range of apps that will offer seamless banking services to individuals and businesses alike
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
Abu Dhabi
Abu Dhabi Securities Exchange welcomes listing of its first green bond
The green bonds were issued by Sweihan PV Power Company (SPPC), the project company that built, owns, and operates Noor Abu Dhabi, one of the world’s largest single site solar projects
Abu Dhabi Securities Exchange
First Abu Dhabi Bank reports highest quarterly net profit in its history at $1.38 billion in Q1 2022
The First Abu Dhabi Bank’s total income reached $1.98 billion and includes a $762.29 million net gain on the disposal of majority stake in payments business Magnati
Bal Krishen
UAE looks to build local banking and financial sector with sale of dirham-denominated Treasury bonds
The UAE Ministry of Finance has assembled six local and international banks to participate in the primary market auction, including Abu Dhabi Commercial Bank (ADCB), Emirates NBD, First Abu Dhabi Bank (FAB), and Standard Chartered
Abu Dhabi
Banking educational programme launched in Abu Dhabi as UAE looks to improve employability
The Abu Dhabi programme aims to refine the skills of Emirati researchers, promote their successful integration to the private sector, and support sustainable employment
Ahmed Abdelaal
AB Talks: Digitisation is not a luxury; it is a hygiene factor, says Mashreq Bank’s Group CEO
Ahmed Abdelaal, the Group Chief Executive Officer of Mashreq Bank, tackles the tough questions on inflation, consumer spending, expansion plans, and developing the right strategies in a digital world in an exclusive conversation with Arabian Business
banking and finance
Creating a human-centric approach to hybrid working in the financial services sector
How can the financial services sector continue to create valuable client relationships with a disconnect between employer and employee?
Bahrain Investcorp
Bahrain’s Investcorp agrees to sell Dainese in $688m deal
Dainese is a leader in protective equipment and technical gear for motorcycling and dynamic sports
banking and finance
Economic reforms driving surge in new liquidity in Gulf, says senior HSBC exec
Richard Godfrey, HSBC’s global co-head of securities services, says new working week in the UAE sets stage for further growth