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Deutsche Bank appoints wealth management head for the GulfDeutsche 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 More… |
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Mint Middle East to launch new digital payment experienceMint 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 More… |
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Emirates NBD sells $724m shares in Network InternationalEmirates 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 More… |
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Saudi insurance market sees 28pc profit drop in 2018The 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 More… |
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UAE, Australia accelerating trade cooperationThe 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 More… |
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Dubai DED issues 2,459 new licences in MarchThe 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 More… |
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Over 350 exhibitors for Seamless Middle EastOver 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 More… |
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GCC FinTech driving business innovation: ICAEWThe 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 More… |
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Dubai non-oil sector expands at faster rate in MarchDubai’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 More… |
