Oman FDIs up by 5.9% in the first quarter
Oman reported a 5.9 percent increase in foreign direct investments during the first quarter of the year, latest data from…
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EBRD grants Banque du Caire $50m loan to support MSMEs
The European Bank for Reconstruction and Development has granted Banque du Caire a senior loan of up to $50m for…
Doha Bank 'achieves continuation' of ISO20000 for IT service management
Doha Bank has been “recommended to continue” the ISO20000 certification, for its continuous compliance to global standard for IT Service…
Abu Dhabi and Dubai are on a rapid growth trajectory: HSBC
Leading UAE cities Abu Dhabi and Dubai are on a rapid economic growth trajectory and in the post-COVID era both…
0% interest rate for new QNB credit card customers
QNB, the largest financial institution in the Middle East and Africa, has launched another market first with the introduction of…
First Abu Dhabi Bank to resume exclusive talks to buy Bank Audi Egypt
First Abu Dhabi Bank said that it has resumed exclusive talks to acquire Lebanese Bank Audi activities in Egypt. …
Never share bank details over the phone, cops in UAE warn
Scammers are on the prowl again as another of batch of fraudulent ‘bank’ messages have circulated in recent weeks, the…
UAE’s ADCB posts Q3 2020 net profit of Dhs1.3bn; down 3% y-on-y
Abu Dhabi Commercial Bank reported Q3 2020 net profits of Dhs1.366bn, which were 3 per cent lower year-on-year, although it…
Harford Mutual Insurance Group Goes Live with Sapiens PolicyPro Platform
Sapiens Americas has announced that Harford Mutual has gone live with Sapiens PolicyPro solution, enabling the Maryland-based insurer to quickly…
Egypt: Unified tax procedures law introduced
The Egyptian government issued new legislation on 19 October 2020 introducing new unified tax procedures that apply as from 20…
Oman: Amendments to income tax law announced
On 20 September 2020, the Oman government issued Royal Decree 118/2020 amending certain provisions of the income tax law. The…
Saudi SAMA: Mortgages loans reached 208,505 contracts until Q3 of 2020
Residential new mortgage loans for individuals reached 208,505 contracts, valued more than 96.7 billion, provided by all real estate financing…