Mashreq to offer instant credit transfers to over 30 countries
It claims to be the first bank in the UAE to offer such an extensive real-time payment service
Author: Mark Battersby
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Dubai regulator fines DIFC firm $105,000 for unauthorised work
The failure of the representative office to have sufficient controls is taken ‘seriously’
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UAE warns of tough action if Pakistani bank violated AML laws
The central bank also separately called on mortgage lenders to halt ‘certain unacceptable practices’
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Bancassurance distribution deal sealed in Mumbai
Indian private bank’s 7.8m clients to access full range of life products via strategic partnership
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Avendus wealth arm names former senior banker as CEO
He will oversee around 1,000 high end clients with $4bn collectively in assets under management
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UAE bank fined $600k over money laundering risk
The transactions were made over the counter at Abu Dhabi Commercial Bank’s UAE branches
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Raft of 2020 hires at EFG Private Bank for NRI push
Three of the four new customer relationship officers join from Standard Chartered
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India to sell stake in IPO move for insurance giant LIC
The government plans part sale of its holding in the country’s biggest life insurer
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Standard Chartered hits milestone as Abu Dhabi office opens
After six decades in the UAE, the new office will bring it ‘closer to clients’ in Abu Dhabi
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IndusInd Bank rolls out HNW wealth management platform
The ‘lifestyle’ offering links up to 10 family members and business accounts
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Six investors on the deadly coronavirus outbreak
As the first case is reported in the UAE, one seasoned CIO says ‘We cannot time the markets on these outbreaks’
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Nigel Green hires ex-FPI manager to run deVere Acuma in UAE
The CEO and founder of deVere Group says the move will allow him to focus on ‘other areas’