UAE- Sharjah Islamic Bank records 55% increase in use of online services
Sharjah Islamic Bank recently recorded a 55 per cent increase among users of digital channels and smart services, while the…
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Saudi Arabian Monetary Authority quashes rumors of bank account freezes
The Saudi Arabian Monetary Authority (SAMA) on Monday quashed rumors it would freeze bank accounts of expatriate workers whose incomes…
Paymentology eyes digital banking expansion in the Middle East
British cloud-based payment processor Paymentology is planning to expand its digital banking business in the Middle East. The move…
Saudi Central Banker Says ‘Too Early’ to Call Recovery V-Shaped
Saudi Arabia’s central bank governor said it’s “too early” to tell if the economy of the world’s largest oil exporter…
Abu Dhabi Islamic Bank raises foreign ownership to 40%
Abu Dhabi Islamic Bank has announced raising the percentage of foreign ownership to 40%, from 25%, of its issued capital…
UAE central bank to launch overnight deposit facility
The United Arab Emirates Central Bank will introduce a new overnight deposit facility as of July 12, it said on…
Could The UAE Replace Hong Kong As Asia’s Financial Center?
TOPLINE US sanctions imposed on China and Hong Kong—one of the world’s biggest financial centers—due to China’s new national…
Now What? by Gary Dugan
Momentum still with equities A rotation into value stocks may require a burst of inflation Emerging stocks showing some good…
Kuwait is locked in a heated debate over Future Generations Fund
Kuwait, one of the world's wealthiest countries, is in a budget crunch so severe that it may have to soon…
GCC banks’ profitability to decline by 20% this year: Moody’s
Twin challenges from the coronavirus outbreak and the drop in oil prices will severely dent profits of GCC banks this…
Gulf Air appoints Bahraini Senior Manager Cabin Crew
Gulf Air has appointed Mr. Abdulrauf Meer Abdulrahim as Senior Manager Cabin Crew to manage one of the airline’s key…
COVID-19 relief: Dubai extends rent-free period for over 1,000 commercial tenants
Over 1,000 commercial tenants that employ 10,000 workers in Dubai, including small firms and entrepreneurs, will get another three to…