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Financial Services news in United Arab Emirates | Page 2
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The state of procurement in the UAE banking sector
In its ‘Banking Procurement Study’, experts from Grant Thornton’s management consulting business outline the state of procurement practices within large UAE-based banks, shedding light on best practices
12 September 2023
GCC onshore asset management base to cross $500 billion by 2026
Around 70% of regional wealth in the Gulf Cooperation Council (GCC) countries is currently held in offshore accounts, though that may soon change.
06 September 2023
Commercial Bank of Dubai taps PwC for adoption of AI technologies
The Commercial Bank of Dubai has selected PwC as its partner for the adoption of AI technologies across the organisation.
28 August 2023
Two major UAE banks select IBM Consulting for digital mandate
IBM Consulting has been awarded two new mandates in the UAE’s banking landscape, with both Dubai Islamic Bank and First Abu Dhabi Bank selecting the firm as the lead delivery partner for a digital tr
14 July 2023
Strategy& leader Jorge Camarate on the financial services sector
Jorge Camarate is a partner with Strategy& and the leader of the firm’s Financial Services practice in the Middle East.
14 July 2023
IPO advisors guide Al Ansari through successful stock listing in Dubai
Dubai’s first initial public offering of 2023 has enjoyed a sunny start to its life as a listed company, with the shares of Al Ansari Financial Services Group surging upwards since its trading debut
07 April 2023
UAE’s banking sector books strong performance and is robust in 2023
The UAE banking sector looks back at a strong 2022, with net profits up more than 25% on the year previous.
28 March 2023
Emirates Development Bank taps CBRE for sale of former headquarters
Emirates Development Bank has appointed CBRE as the exclusive selling agent of its former office headquarters in Abu Dhabi and Dubai.
07 December 2022
Dubai and Oman to host two major digital banking summits
The Middle East is set to host two major financial services-focused conferences next month, with the Digital Banking & Payments Summit and NextGen Banking & Technology Summit taking place in Dubai an
17 October 2022
First Abu Dhabi Bank selects IBM Consulting as digital partner
First Abu Dhabi Bank has selected IBM Consulting as a partner for digital transformation services.
09 August 2022
UAE retail banks fail to meet online customer service expectations
Retail banks across the United Arab Emirates continue to struggle with curbing customer complaints on online channels, according to the latest Banking Sentiment Index conducted by KPMG in partnership
27 June 2022
Profitability of top 10 listed banks in the UAE recovers significantly
The profitability of the UAE’s banking sector recovered significantly last year, according to a new report by Alvarez & Marsal, on the back of continued economic recovery and a raft of effective meas
21 March 2022
UAE banks need to step up their customer service game
Banks in the UAE have struggled to manage the sudden and widespread shift to online customer service over the last year. This is according to a new study by KPMG and BrandsEye.
20 August 2021
Cedar Consulting helps banks with business process re-design
Cedar Consulting has an extensive track record in helping clients with re-engineering their operating models and business processes.
26 July 2021
How a new way to think about ESG can create value for banks
Governments around the world are rapidly evolving laws and regulations to stimulate the adoption of environmental, social and governance (ESG) practices.
20 July 2021
Meeting UAE's new Consumer Protection Standards for banks
The UAE’s Central Bank issued a set of Consumer Protection Regulations and Standards in the first quarter of 2021 – to ensure that licensed financial institutions provide safe and responsible service
31 May 2021
Strategic imperatives for UAE banks amid pandemic-stricken change
Innovation, digitalization, customer-centricity, compliance and better management of cost and risk are some strategies that banks in the UAE can employ – as they emerge from a year of shrinking profi
12 April 2021
Abu Dhabi Global Market partners with OCO Global for US FDI
OCO Global is set to help US-based businesses invest in Abu Dhabi Global Market (ADGM) – an international financial centre home to nearly 3,000 global businesses and $85 billion in assets under manag
19 March 2021
One fifth of Middle East bank holders now use FinTech solutions
A Deloitte survey across nine key markets in the Middle East has found that despite a growing willingness to adopt FinTech solutions, only just over 20% of banking services customers currently use Fi
08 July 2020
Bain's Julien Faye becomes global financial services lead
Bain & Company Middle East partner and director Julien Faye has been named as the firm’s new global head of financial services.
03 March 2020
Arthur D. Little recruits trio of high-profile partners in Dubai
Management consultancy Arthur D. Little has recruited three new partners to its Dubai office: Philippe De Backer, Adham Sleiman and Dhiraj Joshi. Global management consultancy Arthur D.
30 January 2020
Deloitte and PwC shine light on financial crime at UAE conferences
Financial crime is in the air in Dubai this week – with leaders from Big Four firms Deloitte and PwC sharing their expertise at two separate conferences.
11 October 2019
ADGM launches Abu Dhabi Fintech Awards in collaboration with KPMG
Abu Dhabi Global Market has launched the FinTech Abu Dhabi Awards – with applications open until the 23rd of September.
04 September 2019
Synechron on board for Banking Innovation Summit in Dubai
The 9th Annual Middle East Banking Innovation Summit kicks off this week – with global tech advisory Synechron among the event sponsors.
02 September 2019
ACCA hosts conference on technology in the Middle East finance sector
29 March 2019
ACCA hosts UAE women in finance forum with Deloitte advocates
Senior finance leaders from across the UAE have assembled for a meeting hosted by the ACCA on developing a collective vision to increase the ratio of women in finance and technology, with Deloitte’s
18 March 2019
UAE banking and finance educators sign collaboration with PwC’s Academy
The Emirates Institute for Banking and Financial Studies has formed a strategic partnership with PwC's Academy.
12 March 2019
Etihad Credit Insurance contracts EY for strategy advisory in the UAE
The UAE’s federal export credit entity Etihad Credit Insurance has awarded a strategy and operational transformation contract to EY.
04 February 2019
Synechron unveils new set of AI data science accelerators at FinLab in Dubai
Global consulting and technology services firm Synechron has unveiled a suite of artificial intelligence data science accelerators at its Financial Innovation Lab in Dubai.
01 November 2018
Fidor and ADIB win Efma-Accenture award for innovative banking platform
The German online bank Fidor has been awarded gold at the Efma Accenture Awards for its work with the Abu Dhabi Islamic Bank to establish a Shariah compliant community banking platform for the region
01 November 2018
KPMG and ADGM fintech innovation challenge finalists to showcase in a fortnight
The second edition of the FinTech Abu Dhabi Innovation Challenge hosted by KPMG and the Abu Dhabi Global Market will reach its culmination in under a fortnight, with start-up contenders this year pai
04 September 2018
Shareholders of collapsed Lebanese bank take Deloitte to court in Dubai
A coalition of minority shareholders from collapsed Lebanese Canadian Bank (LCB), will have their case against Deloitte heard in Dubai, in a landmark court ruling in the UAE.
06 March 2018
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