May 5, 2025

Mashreq Bank Launches Digital Banking Operations in Pakistan, Pioneering Financial Inclusion

In a landmark development for Pakistan’s financial sector, Mashreq Bank, a leading financial institution headquartered in the United Arab Emirates, has commenced pilot operations of its digital retail bank in Pakistan. This initiative positions Mashreq as the first international bank to receive a restricted license from the State Bank of Pakistan (SBP) under the country’s […]

May 2, 2025

Ripple Secures Regulatory License in Dubai, Marking Major Milestone for Crypto Payments in the Middle East

In a bold step that signals the accelerating integration of blockchain technology into mainstream finance, Ripple has officially secured a full regulatory license to operate within the Dubai International Financial Centre (DIFC). This development not only solidifies Dubai’s status as a global fintech hub but also marks a significant milestone for Ripple as it continues […]

May 1, 2025

BNY Mellon Establishes Regional Headquarters in Saudi Arabia: A Strategic Move into the Middle East

In a significant expansion of its global operations, Bank of New York Mellon (BNY Mellon) has secured a license to establish a regional headquarters (RHQ) in Riyadh, Saudi Arabia. This strategic move aligns with Saudi Arabia’s Vision 2030 initiative, aiming to diversify the nation’s economy and position it as a leading financial hub in the […]

April 30, 2025

Saudi Arabia’s Public Investment Fund Signs $51 Billion MoUs with Japanese Financial Institutions

In a significant move to bolster international financial collaboration, Saudi Arabia’s Public Investment Fund (PIF) has signed five memorandums of understanding (MoUs) valued at up to $51 billion with leading Japanese financial institutions. The agreements, announced during the Future Investment Initiative (FII) conference in Riyadh, aim to enhance bilateral capital flows and support Saudi Arabia’s […]

April 14, 2025

CBUAE Holds Firm on 2.0% Inflation Forecast for 2025, Signaling Economic Stability Amid Global Uncertainty

Abu Dhabi, UAE – In a reassuring signal of economic stability, the Central Bank of the UAE (CBUAE) has reaffirmed its inflation forecast for 2025 at a steady 2.0%. This projection stands in stark contrast to the prevailing global economic climate, where many nations continue to grapple with elevated levels of inflation. The CBUAE’s confidence […]

March 26, 2025

GCC Banks Poised for Growth Amid Economic Shifts

The banking sector across the Gulf Cooperation Council (GCC) is experiencing a period of rapid expansion, driven by economic diversification, rising oil revenues, and digital transformation. As the region navigates global economic shifts, banks in the UAE, Saudi Arabia, Qatar, and beyond are poised to capitalize on new opportunities while addressing emerging challenges. With rising […]

March 26, 2025

Barings Expands in the Middle East: A Game-Changer for Regional Asset Management?

In a move signaling growing confidence in the Middle East’s financial markets, global investment management firm Barings has announced plans to open an office in Abu Dhabi, just months after establishing operations in Dubai. The expansion marks a strategic push into one of the world’s fastest-growing asset management hubs, positioning Barings to tap into the […]

March 25, 2025

Emirates NBD and BlackRock Partner to Offer Wealth Management Clients Access to Private Market Investments

Emirates NBD, one of the leading banks in the United Arab Emirates, has recently partnered with BlackRock, a global investment management corporation, to provide its wealth management clients with access to private market investments. This collaboration aims to offer UAE investors opportunities in alternative asset classes, focusing initially on private credit and multi-alternatives. The partnership […]

March 24, 2025

UAE Launches New AED 100 Banknote, Showcasing Innovation and Sustainability

Dubai, UAE – March 24 – The Central Bank of the UAE (CBUAE) has unveiled a new AED 100 banknote, marking a significant milestone in the country’s commitment to innovation and sustainability. The new note, made of durable polymer, incorporates cutting-edge security features and boasts an environmentally friendly design. Key Features of the New AED […]

March 24, 2025

Central Bank of the UAE Drives Financial Sector Modernization with Fintech and Digital Banking Initiatives

The Central Bank of the UAE (CBUAE) is at the forefront of modernizing the country’s financial sector, spearheading initiatives focused on fintech and digital banking. Recognizing the transformative potential of these technologies, the CBUAE is actively shaping the future of finance in the UAE through a combination of regulatory frameworks, innovative policies, and strategic partnerships. […]

1 2 3 10