Natwest, Santander to sell more shares in Saudi British Bank -document
Natwest Markets and Banco Santander plan to sell a combined 5.6% of shares in Saudi British Bank representing about $680…
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Egypt finance minister says expects disbursal of $1.6bn of IMF funding by December-end
Egypt expects to receive a $1.6 billion disbursal from the International Monetary Fund by the end of December, Finance Minister…
Al Baraka Banking Group EGM approves initiation of the license conversion of its Bahrain-based parent company
Al Baraka Banking Group B.S.C., has successfully concluded an Extraordinary General Meeting of its shareholders, which approved the recommendation of…
GFH acquires Athena private school for special education
GFH Financial Group has announced the acquisition of Athena Private School for Special Education (“Athena” or the “School”) in the…
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…
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…