Banking & Finance

Zafar Masud, the incumbent President & CEO of The Bank of Punjab, has been democratically elected as the Chairman of the Pakistan Banks’ Association (PBA)....

US-based investment manager Franklin Templeton has officially commenced its operations in Riyadh after securing licensing approval from the Saudi Capital Market Authority (CMA). The company...

The Public Sector Advisory Group (PSAG) of the Confederation of Asia Pacific Accountants (CAPA) has announced the appointment of Zia ul Mustafa Awan for the...

In a significant development, the Board of Directors of United Arab Bank (UAB) has unanimously elected Sheikh Mohammed bin Faisal bin Sultan Al Qassimi as...

Habib Bank Limited (HBL), Pakistan's premier financial institution, has announced the resignation of its President & Chief Executive Officer, Muhammad Aurangzeb, effective Monday, 11 March...

The Securities and Exchange Commission of Pakistan (SECP) unveiled a concept paper on Friday, outlining strategies to facilitate Shariah-compliant brokerage services within the securities market...

In a significant development, the ruler of Dubai, Sheikh Mohammed bin Rashid Al-Maktoum, issued a new law imposing an annual tax of 20% on foreign...

Arcapita Capital Company, a subsidiary of Arcapita Group Holdings Limited, announced the successful closure of KSA Logistics Fund III, securing SR1.8 billion ($500 million) in...

The International Monetary Fund (IMF) has received the green light to set up a regional office in Riyadh, marking a significant development approved by the...

COTU Ventures, a Dubai-based early-stage venture capital firm, has announced the successful closure of its inaugural fund, securing a substantial $54 million. This fund aims...