Kingdom’s journey from ultra-conservatism to ultra-modernism
Saudi Arabia, currently, is undergoing a phenomenal metamorphosis; a country widely known for its ultra-conservative posture is now gradually moving…
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Saudi Arabia hosts a virtual meeting of finance ministers and bank…
The finance ministers and central bank governors of the G20 countries will hold a meeting tomorrow, Wednesday, under the Kingdom’s…
GCC banking sector faces prolonged slump in profits
Banks in the GCC are expected to face an uphill struggle in the next 18 months due to the protracted…
Projects: Saudi plan to allow more foreign banks to benefit projects
Saudi Arabia is planning to allow the operation of more foreign banks in a bid to boost the domestic economy…
CorporateStack imprints its presence in Egypt with a new office in Cairo
CorporateStack, have announced the launch of their presence in Egypt by setting up an office in Cairo. The office…
Emirates NBD Asset Management launches Signature Multi-Asset Funds
Emirates NBD Asset Management today announced the launch of three multi-asset funds based on the global asset allocation process and…
Abu Dhabi Wealth Fund Mubadala Expanding With Investment in Germany’s Evotec
Mubadala Investment Co. will invest 200 million euros ($235 million) in German pharmaceutical company Evotec SE as part of the…
IIFM Publishes Ijarah Sukuk Standards
The International Islamic Financial Market has announced the publication of its Sukuk Al Ijarah Standard Documentation Templates. The suite…
National Bank of Bahrain transforms its treasury operations with Fusion Kondor
To help Bahraini businesses thrive, the National Bank of Bahrain embarked on an ambitious plan to expand its treasury activities.…
Bahrain Development Bank selects TCS BaNCS Global Banking platform
Tata Consultancy Services has announced that Bahrain Development Bank has selected its TCS BaNCS Global Banking Platform for its transforming…
Central Bank of Egypt sets up EgyCash company for money transfers
The Central Bank of Egypt has announced the establishment of the company EgyCash company for technological solutions for monetary dealing.…
IMF eases back on forecasts for Saudi Arabia's economic slump
The Gulf's largest economy will contract sharply this year due to the impact of the coronavirus pandemic but the extent…