Saudi Central Bank extends loan deferral programme
The Saudi Central Bank extended its loan deferral programme until the end of the first quarter of 2021 to help…
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GCC mobile phone market remains sluggish as consumers stay cautious
The overall mobile phone market of the Gulf Cooperation Council region experienced a very slight quarter-on-quarter (QoQ) decline of 0.2%…
Investors in GCC Bank Additional Tier 1 Capital Face Contrasting Prospects
Decisions by two banks in Oman not to call their Additional Tier 1 (AT1) capital securities since the onset of…
It's Only As Good As It Seems by Gary Dugan
• Markets keep faith in the prospect of a vaccine, and ongoing support from policymakers. • With equities in a…
Climate change – The low-carbon transition
Tackling the next emergency As the global economy recovers from the worst of Covid-19, world leaders are renewing efforts…
Emirates NBD Debuts Omnichannel Corporate Banking Program
Digital banking firm Emirates National Bank Dubai (Emirates NBD) has rolled out its new businessONLINE platform, a new omnichannel platform…
UAE, Saudi Arabia progress with common digital currency for central banks
The central banks of the UAE and Saudi Arabia have officially launched a project for a common digital currency. …
Axa exits Gulf operations by selling stake for $269m to Kuwaiti firm
Axa sold its Gulf business for $269 million to a Kuwait-based group, as the French insurance giant shifts its focus…
The Arab Monetary Fund reveals vision on the future of open banking
The Arab Monetary Fund (AMF), in collaboration with the Arab Regional Fintech Working Group, published a report titled “A Vision…
Outlook 2021: Challenging outlook offers varied picture for GCC banks
As we are heading towards the end of a whirlwind year, GCC banks still have a long way to go…
UAE banks' assets up 7.6% at Dh3.25T
Total assets of banks operating in the UAE increased by 7.6 per cent year-on-year at the end of September and…
DIFC FinTech Hive continues to lead the innovation agenda in financial services through its latest digital cohort
DIFC FinTech Hive, the first and largest financial technology accelerator in the Middle East, Africa and South Asia (MEASA) region…