Dubai's DIFC Courts reports influx of businesses filing cases in 2020
The Dubai International Financial Centre (DIFC) Courts saw an influx of businesses filing disputes in 2020, with the total number…
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Dubai on track to become leading sustainable financial hub
The Dubai Sustainable Finance Working Group has published two comprehensive guides as part of Dubai’s efforts to accelerate its leading…
UAE shoppers make good use of weekend gold price drop to below Dh200 a gram
UAE shoppers rushed to gold and jewellery stores over the weekend – and it’s a good thing they did as…
Saudi's Al Rajhi Bank board recommends $667mln dividend
The board of directors of Saudi Arabia’s second largest bank has recommended a dividend of SAR 2.5 billion ($667 million).…
Deloitte report reveals how organizations can better prepare for future disruption; Climate change top concern among business leaders
Deloitte’s 2021 Resilience Report explores how organizations have coped with the tumultuous events of 2020 and identifies the traits that…
KFH Bahrain receives STP Award from J.P. Morgan
Kuwait Finance House - Bahrain (KFH-Bahrain) was awarded the J.P. Morgan “Quality Recognition Award” and “Elite Quality Recognition Award” 2020,…
KPMG: 98% of Saudi CEOs set to invest in cloud technology in 2021
Senior company executives in Saudi Arabia are embracing the digital revolution, with 98 percent planning to raise their investments in…
Saudi Industrial Services set to distribute 8% cash dividend
The board of Saudi Industrial Services Co. has recommended the distribution of 8 percent cash dividend to shareholders for the…
UAE to train anti-money laundering professionals under new programmes
The UAE Higher Committee Overseeing the National Strategy on Anti-Money Laundering and Countering the Financing of Terrorism has launched two…
Islamic financing growth to outpace conventional lending in GCC, core Islamic markets in 2021
Despite difficult operating conditions in most countries amid pandemic-driven economic downturns, demand for Islamic financing assets (lending) across the core…
Saudi's Riyad Bank announces $399mln cash dividend
Saudi Arabia’s Riyad Bank is set to distribute 5 percent cash dividend to its shareholders, the lender said in a…
GCC sukuk issuance to moderate in 2021 with shrinking fiscal deficits
Sukuk issuances across GCC and key Islamic finance markets will moderate in 2021 as fiscal deficits decline amid higher oil…