Banking in the GCC: 2020 report
Despite the pandemic and its deep economic impact, the $2 trillion core GCC banking sector will weather 2020-2021 intact and…
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QSE settles lower despite local retail investors' bullish pressure
Local retail investors were seen exerting bullish pressure on the Qatar Stock Exchange, which otherwise settled marginally lower. The…
PIF reshuffles top team ahead of big Saudi market moves
The Public Investment Fund (PIF) has bolstered its top executive team with a string of appointments of Saudi investment specialists…
National Bank of Oman upgrades its CIB platform with the Arabic language
As part of its commitment to create user-friendly financial services that suit its clients’ needs, National Bank of Oman (NBO)’s…
Consumers in the UAE excited about 5G technology
A new Oliver Wyman study has revealed that UAE consumers are happy to pay extra for the perks of 5G,…
Kuwait closes border, suspends flights until Jan 1
Kuwait will suspend all commercial flights and close its land and sea borders from 11 p.m. on Monday until…
UAE's first crypto library at Abu Dhabi’s Technology Innovation Institute
Abu Dhabi’s Technology Innovation Institute (TII), the applied research pillar of the Advanced Technology Research Council (ATRC), announced on Tuesday…
UAE GDP to shrink more than previously forecast, to grow by 2.5% in 2021 – central bank
The UAE's GDP is estimated to shrink about 6 percent this year, compared to a previous forecast of a decline…
Dubai property prices decline by 0.9%, rents fall by 6.9% in Q3 – central bank
Residential property prices in Dubai declined on average by 0.9 percent year-on-year (Y-o-Y) in the third quarter of 2020, the…
Egypt central bank forecast to keep interest rates unchanged
Egypt's central bank is set to leave its main interest rate on hold on Thursday, a Reuters poll showed, possibly…
Russo Brothers Received Close to $50 Million From Saudi Bank (EXCLUSIVE)
The Russo brothers, directors of the all-time top grossing film “Avengers: Endgame,” quietly secured a roughly $50 million cash infusion…
Western Union buys 15% stake in Saudi Telecom's digital payment unit
Western Union, the world's largest money transfer firm, has acquired a 15% stake in the digital payment unit of Saudi…