Open Banking set to transform finance in the GCC
Open Banking is a series of reforms that drive competitiveness in the banking sector. By driving change in how…
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23.2 billion riyals are the profits of local and foreign banks…
Profits of “Saudi and foreign” banks operating in the Kingdom declined by 31.5 percent, equivalent to 10.7 billion riyals during…
Fintech Professional Claims that Digitization of the UAE Economy is Being Led by Individual Consumers, Not Service Providers
Sridhar Iyer, the Executive Vice President and Head of Mashreq Neo (the digital banking division launched in 2017), recently noted…
Dubai stock market set to launch new platform to drive investments
Dubai Financial Market (DFM) on Tuesday announced that it has reached the final stages of preparations to launch an equity…
UAE Wealth Fund Sees Oil Demand Peaking In 2030
Global oil demand has another decade to grow until peaking in 2030, Mubadala Investment Company, one of the largest state…
Reg BI and Beyond: Your September Update
The UAE is on a fast track in adopting digital banking and cashless payments with the pandemic accelerating the digital…
QIIB becomes first Islamic bank in Qatar to launch card for domestic work
QIIB has launched its latest bank payment solutions, a card for domestic workers, thus becoming the first Islamic bank in…
Emerging signs of economic diversification bode well for GCC economies
Emerging signs of economic diversification into future-proof sectors bode well for Gulf Cooperation Council (GCC) economies and the Middle East…
UAE consumers expect a cashless society by 2030
Almost two-thirds of people in the UAE (64% in the UAE and 64% globally) expect the country to go fully…
Shaq Insurance to support Qatar’s economic diversification
Sharq Insurance, a subsidiary of Doha Bank, expressed its support for Qatar’s economic diversification during a webinar hosted by the…
ICM.com Awarded “Most Trusted Forex Broker – Middle East 2020”
ICM.com has announced its latest achievement and recognition as the Most Trusted Forex Broker in the Middle East. This adds…
Abu Dhabi Commercial Bank to exit operations in China
Abu Dhabi Commercial Bank will exit its operations in China, as the China Banking and Insurance Regulatory Commission has approved…