Global trade faces $18trln hit by 2030
Embracing technology, increasing cross-border collaboration, adopting more innovative approach to trade policy and increasing investment in trade infrastructure, especially in…
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Growing demand for three, six-month deposits in August
The Central Bank of the United Arab Emirates revealed a growing demand for 3 and 6-month term deposits during August…
4th Middle East and Africa Fintech Forum to take place in November 2020
Despite the pandemic, which led to the cancellation of many major events around the world, MENA’s leading international bank, Bank…
Dubai Chamber organises public webinar on effective solutions for late payments to suppliers and subcontractors
Digitalisation, using artificial intelligence, administrative efficiency, and systematic risk analysis are among the key ingredients to ensuring an efficient payment…
EBRD extends funds to Turkey’s Alternatif Bank
The European Bank for Reconstruction and Development (EBRD) is providing a loan of up to US$ 25 million (€22.5 million)…
Abu Dhabi Islamic Bank launches UAE's first virtual banking sales platform
Abu Dhabi Islamic Bank has launched a remote sales platform allowing customers to converse with the bank and apply for…
Wealthier with ESG: Factor investors, ETFs in Middle East join investment boom
More investors in the Middle East and around the world are increasingly looking to increase gains by putting their money…
ADGM and Companies House Gibraltar partner to bolster respective registration functions
Abu Dhabi Global Market (ADGM), the leading international financial centre in the MENA region, has entered into a Statement of…
MENA debt issuance reached $92.4bln in the first nine months of 2020
MENA debt issuance reached $92.4 billion during the first nine months of 2020, up 8 percent from the value recorded…
Dubai wealth fund readies bonds, COVID-19 may hit revenue
Investment Corporation of Dubai (ICD), the Dubai government's main investment arm, is planning an issue of U.S. dollar-denominated bonds amid…
Arab National Bank hires banks for dollar sukuk, document shows
Saudi Arabian lender Arab National Bank has hired banks to arrange a potential issuance of U.S. dollar-denominated sukuk, or Islamic…
30% of UAE companies plan to cut workforce, 10% reduce salaries: Survey
The direct impact of Covid-19 on the compensation and benefits landscape is less drastic than initially feared. Even though 10…