Friday 19 April 2019
 
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Deutsche Bank appoints wealth management head for the Gulf

Deutsche Bank Wealth Management has appointed Mubashar Ayoob as head of its wealth management business in the Gulf region. Ayoob is a seasoned private banker with 23 years of industry experience gained at Merrill Lynch and UBS. He joined Deutsche Bank in Dubai in October 2011 and

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Mint Middle East to launch new digital payment experience

Mint Middle East (MME), a globally certified payments processing and acquiring company, is set to make carrying money while travelling a hassle-free experience and strengthen the ability of financial institutions to keep an accurate record of their customers.   At the 2019 e

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Emirates NBD sells $724m shares in Network International

Emirates NBD Bank has confirmed the sale of 127,474,500 ordinary shares from its shareholding in Network International for £554.5 million ($724.40 million).   The sale has been carried out through a secondary listing of Network International’s shares

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Saudi insurance market sees 28pc profit drop in 2018

The pre-tax income for Saudi Arabia’s re/insurance sector declined roughly 28 per cent to about SR754 million ($201 million) from SR1.1 billion ($293 billion) in 2017, said S&P Global Ratings in a new report. This assessment from the ratings company comes after 32 of th

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UAE, Australia accelerating trade cooperation

The UAE and Australia yesterday (April 9) reviewed prospects for widening the scope of cooperation across various fronts, a media report said. This came during the UAE- Australia Business Roundtable, which was organised by the Sharjah Chamber of Commerce and Industry to mark the

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Dubai DED issues 2,459 new licences in March

The Business Registration and Licensing (BRL) sector of the Dubai Department of Economic Development (DED) has issued 2,459 new licences in March 2019, a growth of 35.4 per cent compared to March 2018 (1,816). The new licences have created 9,661 jobs in the labour market, reporte

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Over 350 exhibitors for Seamless Middle East

Over 350 exhibitors and 400 speakers from across the world are showcasing the latest innovations in the payments and commerce at the upcoming Seamless Middle East, a major industry exhibition in Dubai, UAE. The 19th edition of the event runs on April 10 and 11 at the Dubai Trade

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GCC FinTech driving business innovation: ICAEW

The GCC’s FinTech sector, supported by an evolving regulatory environment and government-led initiatives, will play a crucial role in driving innovation in the region’s business landscape, said accountancy and finance body ICAEW. ICAEW’s Corporate Finance Facult

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Dubai non-oil sector expands at faster rate in March

Dubai’s non-oil private sector economy expanded at a faster rate in March, with total business activity (output) increasing at the fastest rate since January 2015, said the latest Emirates NBD Dubai Economy Tracker. Moreover, two of the three key monitored sectors – t

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