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FAB Shares Gain as Bank Seeks to Remove Foreign Ownership Limit

(Bloomberg) -- First Abu Dhabi Bank's board proposed removing the foreign ownership limit after the United Arab Emirates started loosening rules to attract international investors....
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New Age Banking Summit 2019 to Convene Most Powerful Industry leaders

BusinessLive Middle East’s New Age Banking Summit, Dubai 2019 will convene the most powerful finance and industry leaders for candid conversations about the important...
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Emirates NBD Posts 49% Profit Jump on Network Sale

(Bloomberg) -- Emirates NBD's first-half profit jumped 49% as Dubai’s biggest bank benefited from the sale of a stake in its card payments processing unit.Net...
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New Age Digital Banking Summit, Dubai, UAE

Since the dawn of the digital revolution, it has become abundantly clear that the survival of banks and fintechs depends on making smart technology...
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ADIA to Hire as Fund Boosts Active Investments to Over 50%

(Bloomberg) -- In a world of diminishing returns, Abu Dhabi’s top sovereign wealth fund (Abu Dhabi Investment Authority) is hiring as it boosts active management...
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Dubai’s Amlak Close to Restructuring $1.2 Billion With Creditors

(Bloomberg) -- Amlak Finance is nearing a deal to restructure debt for a second time as the Dubai-based Islamic mortgage provider navigates an ongoing property...
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33% of UAE Residents Want AI to Look After Their Cybersecurity

Palo Alto Networks, the global cybersecurity leader, announced new research conducted with YouGov that shows 33% of UAE residents online prefer Artificial Intelligence (AI)...
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Abu Dhabi Fund to Buy 30% of Domestic & General Group

(Bloomberg) -- Abu Dhabi’s sovereign wealth fund has agreed to buy a 30% stake in Domestic & General Group Ltd., the U.K. appliance warranty provider...
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Dubai’s Jobless Recovery Adds Asterisk to Biggest Boom in Years

(Bloomberg) -- Dubai is getting by with less as the emirate’s economic turnaround leaves a trail of job losses.Although business confidence is on the rise,...
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DIFC Strengthens Leadership Team to Drive Vision for Future Growth

-        Strategic appointments and promotions focus on digital transformation and innovation -        Aims to develop and support the succession of Emirati talent, in line with...
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