Dubai business conditions see first progress in July: MUFG
Dubai’s purchasing managers index – a key indicator and barometer of the health of the economy – witnessed its first…
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Union Properties in talks with other banks for debt reschedule
Union Properties confirmed that talks are on with multiple banks to set up new debt repayment terms like the Dh946…
Saudi public banks report 10% drop in H1 profits
Ten of the 11 publicly traded Saudi Arabian banks reported first-half aggregate profits of SR19.1 billion ($5 billion), down 10%…
UAE: Employees Seek Compensation for 'Working from Home' Expenses
Some UAE employees are asking their employers to pay for the additional costs of electricity - and even coffee -…
Abdulaziz Al-Shaya elected Chairman of Boubyan Bank by acclamation
Boubyan Bank has announced the election of Mr. Abdulaziz Abdullah Dakheel Al-Shaya as Chairman of the bank’s Board of Directors…
Gulf International Bank signs partnership with Alnahda
Gulf International Bank –Saudi Arabia recently announced the signing of a partnership agreement with Alnahda Society in Riyadh (Alnahda) to…
Bahrain to set up committee to counter money laundering and terrorism
Bahrain will form a committee to counter extremism, money laundering and terrorism, under a royal decree announced on Sunday. …
Qatar- QNB earns two prestigious GBO awards
QNB Group, the largest financial institution in the Middle East and Africa, recently received two prestigious awards from Global Business…
QIB continues to introduce new features on its award-winning mobile application
Qatar Islamic Bank (QIB) has introduced new features to its award-winning Mobile App, in line with the bank’s ongoing efforts…
Bahrain Seen Needing More Gulf Aid as It’s Downgraded by Fitch
Bahrain received its first downgrade in over two years from Fitch Ratings, which said it will likely “require further Gulf…
DIB Egypt's profit down 19% in H1-20
Abu Dhabi Islamic Bank – Egypt (ADIB Egypt) reported a 19.4% year-on-year (YoY) drop in its net profits, logging EGP…
Before the ink dries: Everything you need to know about the UAE’s economy
The United Arab Emirates is an impressive economic success story. The sovereign state at the northeast end of the Arabian…