Sharjah Insurance's shareholders approve 7% dividends for 2020
The ordinary general meeting (OGM) of Sharjah Insurance Co has approved distributing cash dividends, equivalent to 7% of the paid…
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Dubai-based Oman Insurance gets 'positive' rating from S&P
Dubai-based Oman Insurance (OIC) has gained a "positive" outlook rating from S&P following a positive performance. The rating could…
S&P views economic, industry risks in UAE's banking sector as stable
S&P Global Ratings has classified the UAE’s banking sector in group '5' under its Banking Industry Country Risk Assessment (BICRA).…
Qatar shares outperform as cap on foreign ownership removed
Major Gulf stock markets registered sharp gains on Thursday, boosted by financials, with Qatar outperforming the region after it approved…
G20’s missed opportunity
This month, G20 finance ministers agreed to a proposal to issue $650 billion worth of the International Monetary Fund’s reserve…
UAE: Unbundling how much money goes into launching a business in Dubai
The costs that go into establishing and registering a business in Dubai vary a lot depending on the type of…
Citi to close retail banking in Bahrain, India, China
Citigroup has said it will close retail banking operations in 13 countries across Asia and parts of Europe, including Bahrain,…
Turkish central bank holds rates, drops policy pledge under new chief
Turkey’s central bank held rates steady at 19 percent as expected on Thursday and dropped a pledge to tighten policy…
Review of Banking and Monetary Developments –…
Data issued by the Central Bank of Oman indicated that the total deposits held with ODCs registered a Y-o-Y growth…
Nigeria joins Middle East’s Digital Cooperation Organization at first meeting
Nigeria and Oman have joined the Digital Cooperation Organization (DCO) at its first meeting in Riyadh this week, joining Bahrain,…
Saudi Arabia based Fintech Prexle Secures $670K via Seed Round, Company Offers Cloud based POS Services
Saudi Arabia-based Cloud-enabled Point-Of-Sale startup Prexle has reportedly finalized its seed funding round which is valued at 2.5 million Saudi…
Middle East warms up to digital commerce
The events of the past year have driven a massive boom in online spending, a trend that is expected to…