Rising provisions take toll on Saudi bank profits in first half of 2020
Rising loan loss provisions adversely impacted profits of Saudi Arabia’s banks in the first half of 2020 despite an improvement…
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First Abu Dhabi Bank extends Dh3.97b as rebates to small businesses
The First Abu Dhabi Bank (FAB) is extending nearly Dh4 million in rebates to merchants as part of Abu Dhabi’s…
Open Banking Is Increasingly Being Adopted by Fintech Sector in Bahrain and the MENA Region
Bahrain introduced its first Open Banking product for the MENA region during December of last year. The central bank…
Ex-Guardian Wealth Qatar CEO hit with fine and ban
The QFC Regulatory Authority has announced that it had taken disciplinary action against the former CEO of Guardian Wealth Management…
CCB lists $1.2b green bonds on Nasdaq Dubai
China Construction Bank Corp celebrated the listing of two green bonds of $700 million and $500 million, totaling $1.2 billion,…
UAE: National Banks’ Assets Soar to $816 Billion in H1 2020
Total assets of the 18 listed national banks in the UAE rose to around AED3 trillion ($816 billion) in H1-2020,…
Abu Dhabi in talks with banks for new international bond deal, sources say
The government of Abu Dhabi is in talks with banks for a new international bond issue, sources said, having already…
Rania Nashar wins Distinguished Arab Woman Award in the field of economics and banking
Arab Women Authority announced its choice of Ms. Rania Nashar for the Distinguished Arab Woman Award in the field of…
Sales of ready-to-move villas in Dubai hit a record high in July
Sales of villas and townhouses in Dubai rose to their highest ever as buyers snapped up spacious properties amid the…
Saudi renewable sector to generate 750,000 jobs over the next 10 years
A recent report by the US-Saudi Business Council (USSBC) has revealed that the level of ongoing investments in Saudi Arabia’s…
Qatar’s Islamic banks fare well in 2019 balance sheet growth
Islamic banks have fared well in balance sheet growth than their conventional counterparts last year, the Qatar Central Bank (QCB)…
Weakening dollar boon for Dubai's property market: analysts
The weaker dollar has proved to be a boon for Dubai's real estate sector, attracting investments from overseas investors during…