Kuwait to transfer 2b dinars to General Reserve Fund
Kuwait’s Ministry of Finance is preparing to transfer 2.05 billion Kuwaiti dinar in liquid cash after the parliament approved a…
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Commercial Bank wins Finance Monthly's CFO Award for 2020
Commercial Bank has announced that its Chief Financial Officer, Rehan Khan has won the Finance Monthly magazine’s CFO Award for…
GFH increases GB Corp shareholding to majority stake of 50.4%
GFH Financial Group B.S.C has announced that it has acquired an additional 21.8% stake in Global Banking Corporation B.S.C. giving…
DIFC Courts leverages digital infrastructure to accommodate rapid rise in commercial claims
Total number of enforcement claims increases 15% Arbitration-related claims record 62% increase in value The Dubai International Financial Centre Courts…
ENBD REIT hedges AED 400m facility with Mashreq Bank
The arrangement fixes the variable rate of EIBOR for two years from June 2021 Current low levels of EIBOR are…
National Bank of Fujairah launches the first-of-its-kind SME community platform in the UAE
National Bank of Fujairah PJSC has announced that it launched NBF Connect. The community platform will serve as a…
Softmills aims to invest in 3 startups as COVID-19 creates opportunities in tech: Founder
Egypt’s consulting and software development firm, Softmills, has invested in three startups so far, and is considering investing in three…
UAE- ADJD launches digital money order for disbursement of deposits
The Abu Dhabi Judicial Department, ADJD, has announced that it recently launched a digital money order system for the disbursement…
Qatar’s National Solarized Fintech Strategy Amid COVID-19 Pandemic
The nation of Qatar is a World Bank “high-income economy,” backed by the world's third-largest natural gas and oil reserves.…
Global dividends plunge by $108bn during Covid-19 crisis
The amount paid out by big companies to their investors plummeted between April and June as firms cancelled or cut…
QNB launches WhatsApp service to enhance customer experience
QNB has launched QNB WhatsApp Service to provide customers with a wider range of banking products and services. QNB…
McKinsey: How UAE consumers are responding to Covid-19
A new survey of UAE residents by McKinsey & Company sheds light on how Emirati consumers are responding to the…