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Could exposure to high-emitting sectors pose liquidity, legal risks to GCC lenders?
70% of the region’s rated banks offer sustainability-labeled products
Islamic banks’ loans crossed the AED 700 bn mark last year
Shariah-compliant issuances handed out by Islamic banks climbed 7.8% y-o-y to AED 428.9 bn in 2023
Mashreq plans to double down on AI for new app, with an eye to develop a superapp
The bank reports “overwhelmingly” positive feedback on the new app, which it plans to develop into a superapp in the…
First Abu Dhabi Bank’s global markets head, other senior bankers step down
The changes mark the latest in a series of management shake-ups
Infini Capital to manage ADGM Asian hedge fund
The Hong-Kong based Infini Capital secured preliminary approval to manage the fund
CBUAE launches region’s first ombudsman unit
Sanadak will handle claims from consumers against banks and licensed ins. companies
Dubai clarifies foreign bank tax levies post-corporate tax
Foreign banks licensed to operate in the DIFC are exempted from the 20% levy
Fresh macro figures point to a solid 2023
The figure is lower than the CBUAE’s previous expectation
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