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Financial Services news in the Middle East

An overview of news, trends and research in the Financial Services industry in the Middle East:

Risk-Adjusted Release of Deferred Compensation: A Framework for UAE Banks Since the Central Bank of the UAE introduced landmark regulations governing deferred compensation for Material Risk Takers and Senior Management in 2019, UAE banks have meticulously implemented defer
01 April 2025
Digital banks and open finance are transforming the lending landscape The world of financing is evolving, with digital banks and open finance leading the charge in the competitive lending landscape, writes Raid Abdulmajeed, Founder & Head of Advisory at ClarixConsult.
23 March 2025
Evolving customer demands driving transformation in UAE banking sector The UAE’s banking sector is undergoing a rapid transformation, balancing its established financial foundations with the demands of an increasingly digital world.
27 February 2025
J. Awan Capital and Neovision partner for fund management in UAE and KSA The Middle East arm of J. Awan & Partners is teaming up with Abu Dhabi-based Neovision Wealth Management to launch a new platform for end-to-end fund management.
25 February 2025
5 trends to watch in the Middle East’s banking landscape Experts from Capco share five trends that should be top of mind for any CxO in the Middle East’s banking landscape.
29 January 2025
The rise of the Chief Data Officer in financial services In the world of financial services, the role of data has never been more critical.
17 January 2025
Solving the talent shortage in banking through a skills-powered approach The banking sector in the Middle East has a dire shortage of talent, while at the same time, talent profiles and requirements are shifting to meet the tech-savvy and ever-evolving nature of the secto
12 December 2024
United Arab Bank partners with 4most to enhance Etihad Credit Bureau reporting Working together with specialist consultancy firm 4most, United Arab Bank (UAB) has been able to improve the way it reports data to Etihad Credit Bureau (ECB).
11 December 2024
Emirates Institute of Finance signs deals with Accenture, EY and Microsoft The Emirates Institute of Finance, a UAE-based centre for skills development in the financial services sector, has signed strategic agreements with Accenture, EY and Microsoft.
09 December 2024
Why CIOs in banking must make AI explainable and trustworthy The capabilities of AI-enabled tools are vast and transformative, with the potential to significantly enhance productivity, elevate customer experiences and pave the way for innovative products and s
04 December 2024
Emirates NBD partners with McKinsey to drive AI and advanced analytics A few years ago, Dubai’s government-owned bank Emirates NBD entered into a partnership with strategy consulting firm McKinsey & Company with the aim of turning the bank into a leader in artificial in
18 November 2024
The essential role of business continuity management in FinTech Business Continuity Management is a domain of growing importance for FinTechs, empowering them to overcome barriers, build resilience and advance risk operations, writes Muhammad Kashif, Associate Di
17 November 2024
Saudi Arabia’s financial technology market continues its growth path Saudi Arabia’s financial technology (fintech) market continues to grow strongly, with the number of fintechs increasing, investments into the scene at a record level, and innovation and diversificati
10 September 2024
Middle East asset management sector grows 13% to $2.3 trillion The global asset management industry’s assets rose to nearly $120 trillion in 2023, with the Middle East’s asset management sector among the fastest growing in the landscape.
02 September 2024
How digital banking is driving the UAE's sustainability agenda As the UAE aims to mobilize over AED 1 trillion in sustainable financing by 2030, Abbas Basrai – partner and head of Financial Services at KPMG Lower Gulf – outlines how the evolution of digital bank
22 August 2024
The road ahead for banks in the GCC region: 7 priorities GCC banks are currently in strong shape, and have over outperformed their global counterparts over the past several years.
05 August 2024
McKinsey: GCC banks outperform their global counterparts Over the past years, GCC banks have outperformed their global counterparts and looking ahead, the region’s banking sector is in a good position to continue its growth, according to analysis by McKins
17 July 2024
Saudi banking customers keen om mobile banking excellence As Saudi Arabia continues to make strides in diversifying its economy, the country’s banking sector is being reshaped.
04 July 2024
Saudi’s fintech scene books ‘remarkable progress’ with more to come Saudi Arabia’s fintech sector has grown rapidly over the past years, and is poised for further growth, with the segment at the forefront of innovation and the government maintaining major impetus for
02 July 2024
Banks as architects of GCC's digital economy and financial future Open banking and digital payments are among the main technologies that drive digital financial services, write Mukund Bhatnagar, Ather Marwat and Pedro Marques from management consulting firm Kearney
07 June 2024
AFCM partners with Sustainable Square on driving ESG progress The Arab Federation of Capital Markets (AFCM) has signed a memorandum of understanding with Sustainable Square, with the aim of collaborating on initiatives that advance the adoption of ESG and susta
31 May 2024
UAE banking sector taking more initiative in sustainability The UAE banking sector will play a crucial role in facilitating the country’s shift towards a more sustainable economy.
13 May 2024
UAE Central Bank selects Accenture for supervisory technology program The Central Bank of the UAE has launched a major digital transformation program aimed at enhancing the way how it supervises financial institutions, selecting Accenture as its consulting partner.
25 April 2024
Banks in UAE and Qatar have the highest reputation in GCC Banks in the UAE and Qatar lead the GCC playing field in terms of reputation.
25 March 2024
Deloitte symposium explores key developments in financial crime At the Financial Crime Symposium in Dubai, leaders and professionals from across the financial crime scene came together to discuss the latest trends and developments in the landscape.
19 March 2024
First Abu Dhabi Bank inks long-term partnership with Mastercard First Abu Dhabi Bank, the largest bank in the UAE, has agreed an exclusive long-term global partnership with Mastercard focused on collaboration in four markets: the UAE, Saudi Arabia, Oman, and Egyp
07 March 2024
Major UAE banks improve financials after year of high returns The financial position of major banks in the UAE improved last year, with the outlook for 2024 also favourable, according to the annual Banking Pulse report from Alvarez & Marsal.
26 February 2024
Solidarity acquisition named Islamic Finance deal of the year in Bahrain Solidarity’s acquisition of Al-Hilal Life and Al-Hilal Takaful from Ahli United Bank has been named the best financial transaction of the year in Bahrain.
18 February 2024
Hisham Farouk 'Financial services at heart of climate change impact' The UAE chief executive of global professional services firm Grant Thornton, Hisham Farouk, outlines why the financial services sector plays a pivotal role in climate change conversations and impact
15 February 2024
The benefits of real-world assets tokenization The concept of tokenizing tangible assets, also known as real-world assets tokenization, is rapidly gaining ground around the world.
05 February 2024
Tokenization set to transform real estate and financial services With hype growing and more use cases becoming clear, the total value of tokenized assets could grow to reach $10 trillion by 2030.
25 January 2024
Consumers in Saudi Arabia are happier with their banks Customer sentiment for leading banks in Saudi Arabia has improved in the past year, according to a new study from PwC, which analyzed customer attitudes towards seven leading KSA banks.
16 January 2024

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