Banking
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European Central Bank prepares to boost interest rates for the first time in 11 years
The European Central Bank (ECB) is expected to raise its base rate by 0.25 percentage points on Thursday. The bank…
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Rakbank and Kraken to launch UAE’s first AED-denominated virtual asset trading platform
Rakbank will be the first UAE bank to enable Kraken to provide its clients with transparent, efficient, dirham-based digital asset…
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Arab Monetary Fund’s Buna System joined by ADCB
Abu Dhabi Commercial Bank (ADCB) has joined the Arab Monetary Fund’s (AMF) Buna system to give its clients an expanded…
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Credit Suisse announces change in Senior Management of Swiss private banking
Credit Suisse announced today that Roger Suter, presently Regional Head Central Switzerland, would succeed Serge Fehr as Head of Private…
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CyberSecurity – A Threat to the Digital Acceleration in the Middle East
Cybersecurity attacks are a persistent issue, particularly for Middle Eastern businesses and organizations. These threats can halt operations, damage a…
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Central Bank of UAE raises interest rates following the Fed’s increase
Following the US Federal Reserve’s largest interest rate rise since 1994, the Central Bank of the UAE (CBUAE) has decided…
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Abu Dhabi’s ADEX partners with Capital Bank of Jordan to boost national exports
The Abu Dhabi Exports Office (ADEX), the export-financing arm of the Abu Dhabi Fund for Development (ADFD), has signed an…
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US Senate passes NOPEC bill despite backlash from oil producers
The NOPEC (No Oil Producing and Exporting Cartels) Act was passed by a Senate subcommittee on Thursday with a 17:4…
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Central Bank of the UAE and other Gulf banks raise rates following the US Federal Reserve
Following the US Federal Reserve’s decision to increase rates, the Central Bank of the UAE (CBUAE) has decided to raise…
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IBM CEO Arvind Krishna Elected to Federal Bank of New York’s Board
Arvind Krishna, Chairman and Chief Executive Officer of IBM (International Business Machines Corporation), has been elected to the Federal Reserve…
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