Invest Bank (INB) announced a 61 % year-on-year increase in Profit Before Tax to AED80.5 million. According to its financial results for the half-year ended 30th June, 2026, the Bank continued to strengthen its performance momentum, recording second-quarter Profit Before Tax of AED58 million, up 159 % from the first quarter. The Invest Bank continued to […]
Dubai, United Arab Emirates, HSBC Private Bank today confirmed the appointment of Feras Al Jarmani to lead its UAE Market, taking on overall responsibility for the bank’s private banking business across the country. Mr Al Jarmani expands his role from Head of the UAE Market for Arab and Emirati Clients, and his expanded remit brings […]
Dubai, UAE, BHM Capital, the leading financial institution in the capital markets of the United Arab Emirates, has become the first financial institution in the UAE to connect to the Astana International Exchange (AIX) as a Market Making Member through Abu Dhabi Securities Exchange’s (ADX) Tabadul platform, marking another strategic milestone in the company’s regional expansion […]
Manama, Bahrain: Bahraini startup SOOR, a Bahrain-based insurtech platform Soor has secured a strategic investment from Spring, a venture studio and ecosystem builder backed by London-based global investment firm Salica and Bahrain’s Al Waha Fund of Funds, to accelerate its growth, strengthen product development, and expand its digital insurance platform. Licensed by the Central Bank […]
Kuwait City: Kuwait’s Capital Markets Authority (CMA) has granted Goldman Sachs International the country’s first institutional marketing license for a collective investment scheme (CIS) established outside Kuwait, marking a significant milestone in the development of the nation’s capital markets. The license, awarded to Goldman Sachs International, which is licensed by the Kuwait Direct Investment Promotion […]
Doha, Qatar: Dukhan Bank has gone live on Kinexys by J.P. Morgan’s Blockchain Deposit Account network, making it the first Islamic bank in Qatar to adopt this next-generation payments infrastructure. The implementation marks a significant step in Dukhan Bank’s digital transformation journey, enabling faster, more efficient, and always-on payment services for corporate and institutional clients […]
Multiverse Computing to establish Doha as its regional headquarters Doha, Qatar: Qatar Development Bank (QDB) has announced its investment in Multiverse Computing, a global leader in efficient and sustainable artificial intelligence and one of Europe’s newest unicorns, during a signing ceremony held in Doha. QDB’s investment forms part of the company’s EUR 500 million Series C […]
Dubai, United Arab Emirates: The UAE is well positioned to support the next phase of Islamic Finance as the industry evolves into a stronger connector of capital, trade and investment across borders, according to Standard Chartered. Global Islamic finance assets are approaching USD 6 trillion, yet only 6% of global sukuk capital currently reaches South Asia […]
Dubai, UAE – August 6, 2026 – KamelPay, a UAE-born fintech offering payroll and business payment solutions, has received Stored Value Facilities (SVF) and Retail Payment Services (RPS) licenses from the Central Bank of the UAE (CBUAE), marking a significant regulatory milestone in the company’s growth and strengthening its position within the country’s evolving digital […]
Abu Dhabi, United Arab Emirates – etoro, the NASDAQ-listed trading and investing platform, and Papaya Global, a leader in global workforce payments, today announced a partnership to advance a simple but powerful idea: that salary should be the beginning not the end of a wealth building journey. Together they are launching etoro work powered by Papaya […]