Business community welcomes 2021 spending plans
Headed by King Salman, Saudi Arabia’s Council of Ministers on Tuesday approved the Kingdom’s general budget for 2021. It includes…
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Economic outlook improves; UAE, Bahrain to get a boost from COVID-19 vaccine rollout
Middle East economies are slowly recovering from the COVID-19 crisis, but it will take about two years before it can…
Saudi banks stay resilient amid pandemic
Saudi Arabian banks’ mortgage finance continuing to record significant growth for the first time, says the KPMG Q3 2020 Saudi…
Covid sparks savings drop for over 50% of UAE residents
The coronavirus pandemic has caused a lot of issues globally including how people save their money. Wealth management giant…
Emirates NBD forges ahead with enterprise-wide payments hub implementation to drive real-time, seamless payments innovation
Innovative platform part of bank’s AED 1 billion digital transformation plan As part of its ongoing AED 1 billion ($272…
CoinsFounder officially launching largest investment branch in the Middle East
Sarah Thompson, Director of Public Relations for Coins Founder in London, has announced the company is preparing for the official…
UAE Israel Business Leaders Summit: Fintech innovation cannot grow in an over-regulated environment
UAE regulators are concerned that laws aimed at overly regulating the space for fintech firms could hamper innovation. “When…
First Abu Dhabi Bank Collaborates With Visa On B2B Virtual Cards
To roll out an in-depth collection of digital payment offerings for business customers, United Arab Emirates (UAE) financial institution First…
UAE-Israel Business Leaders Summit: Chalking out investment priorities should take precedence in UAE-Israel ties
Clear areas of mutually beneficial co-operation can be worked out between UAE and Israel... and with access to ample funding.…
Qatar shares edge higher amid bullish outlook
Arab funds’ increased net buying and their domestic counterparts’ bullish outlook on Monday lifted the Qatar Stock Exchange by another…
Are Banks Enablers or Victims of Financial Crime?
Not many years ago, banks, law firms and accountants were trusted institutions, staid but solid, a key part of the…
GCC banks 'to face pressure on loan quality, profitability in 2021'
Operating conditions for GCC banks will remain difficult and loan quality will deteriorate but remain sound in 2021, says a…