Charles Group, Patel Family Office Sign $1 Billion Real Estate Pact at Global Wealth Conference

Charles Group, Patel Family Office Sign $1 Billion Real Estate Pact at Global Wealth Conference

Dubai, UAE / LONDON, July 9, 2025 – In a landmark move aimed at bridging traditional real estate with emerging opportunities in infrastructure, Charles Group, one of India’s fastest-growing diversified conglomerates, signed a $1 billion strategic agreement with the U.S.- based Patel Family Office during the Global Wealth Conference 2025, hosted by the Sovereign Wealth […]

Oman Arab Bank (OAB) launches ‘Kharif Dhofar’ campaign with exclusive perks for credit cardholders

Oman Arab Bank (OAB) launches ‘Kharif Dhofar’ campaign with exclusive perks for credit cardholders

Muscat:  As the Kharif season draws travelers to the lush landscapes of Dhofar, Oman Arab Bank (OAB) is pleased to announce the launch of its seasonal Kharif Dhofar Campaign, designed exclusively for OAB Visa Credit Cardholders. This special initiative is set to enhance the travel and spending experience of customers visiting the scenic Dhofar region […]

RAKBANK record YTD profit before tax of AED 2.3B, up 23% YoY

RAKBANK has successfully completed its first Additional Tier 1 (AT1) security issuance, raising $300mln

Dubai, United Arab Emirates – RAKBANK has successfully completed its first Additional Tier 1 (AT1) security issuance, raising USD 300 million. The perpetual securities have a no-call period of six years (PerpNC6) and carry a coupon rate of 6.625%. The issuance was met with strong investor demand, allowing RAKBANK to tighten pricing by 37.5 basis points. […]

Dubai to train a new generation of future disruptors through ‘FEEL: A Disruptive Futures Program’

Dubai to train a new generation of future disruptors through ‘FEEL: A Disruptive Futures Program’

Four-week program begins 20 October, led by world-class experts Dubai, UAE: Dubai Future Academy, an initiative of the Dubai Future Foundation (DFF), announces the opening of applications for the second edition of ‘FEEL: A Disruptive Futures Program’, designed to train local and global talent to navigate disruption and enhance future readiness. The program equips executives, entrepreneurs, policymakers, […]

Bahrain Sees Surge in Financial Licensing as CBB Approves 16 New Firms and Reviews 52 More

Bahrain Sees Surge in Financial Licensing as CBB Approves 16 New Firms and Reviews 52 More

Manama, Bahrain: The Central Bank of Bahrain (CBB) has reported a significant increase in financial institution licensing, with 16 new financial firms approved and 52 additional applications underway from early 2024 through mid-2025. This surge highlights Bahrain’s growing appeal as a destination for digital-first financial services, with nearly 75% of the 68 applications coming from international […]

Gulf Bank launches Bug Bounty and Vulnerability Disclosure Program

Gulf Bank launches Bug Bounty and Vulnerability Disclosure Program

As part of Gulf Bank of Kuwait long-term vision to enhance cybersecurity and in line with its strong commitment to protect its customers’ data and digital systems from potential threats and hackers, Gulf Bank has officially launched its Vulnerability Disclosure Program (VDP) and Bug Bounty programme. This program seeks to involve the cybersecurity community, comprising […]

Mastercard and Octet Türkiye collaborate to enhance financial flexibility for businesses across MENA

Mastercard and Octet Türkiye collaborate to enhance financial flexibility for businesses across MENA

Dubai, UAE: Mastercard and Octet Türkiye have entered a collaboration to address the growing cash management and installment payment needs of businesses in the MENA region. Through this alliance the two companies will launch a versatile solution capable of processing various corporate transactions with a focus on facilitating easy payments and collections with cards. According to […]

Mashreq Becomes First UAE-Based Bank to Secure In-Principle Approval for International Banking Unit at India’s GIFT City

Mashreq Becomes First UAE-Based Bank to Secure In-Principle Approval for International Banking Unit at India’s GIFT City

Dubai, UAE — In a significant step towards strengthening UAE-India financial ties, Mashreq has announced that it is the first UAE-based bank to receive an In-Principle Approval (IPA) to establish an International Banking Unit (IBU) at GIFT City, India’s pioneering global financial services hub. This landmark approval marks a strategic milestone for Mashreq, underscoring the […]

Ajman Bank partner with VaultsPay to launch co-branded payment processing solution for business clients

Ajman Bank partner with VaultsPay to launch co-branded payment processing solution for business clients

Ajman, UAE – Ajman Bank has launched a comprehensive co-branded payment processing solution for its business clients, developed through its strategic partnership with VaultsPay, a Dubai-based CBUAE licensed fintech payment company with a global footprint. The newly launched program represents the latest milestone in the ongoing partnership between the two institutions, reflecting their  joint commitment to […]