Al Salam Bank-Bahrain announces its virtual internship programme
An intensive career planning and development session, in partnership with the Bahrain Institute of Banking and Finance, is the…
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Israel cenbank’s Abir says buying corporate bonds to prevent layoffs
The Bank of Israel’s decision to start buying corporate bonds should enable companies to issue debt and prevent further layoffs…
Saudi Arabia spends more than $57 billion on coronavirus stimulus
Saudi Arabia spent more than SR214 billion ($57 billion) on 142 initiatives to tackle the impact of the coronavirus in…
$8bn blow to Erdogan as investors flee Turkey
Foreign capital is flooding out of Turkey in a massive vote of no confidence in President Recep Tayyip Erdogan’s economic…
One fifth of Middle East bank holders now use FinTech solutions
A Deloitte survey across nine key markets in the Middle East has found that despite a growing willingness to adopt…
Dubai Startup Hub and Dtec select winners for phase one of EDP
Dubai Startup Hub, an initiative of Dubai Chamber of Commerce & Industry, and Dubai Technology Entrepreneur Campus have selected the…
COVID-19 headwinds to hurt Saudi banks’ profitability
Saudi Bank’s profitability that witnessed improvement in the first quarter of 2020 is likely to be impacted by COVID-19 headwinds…
Creating Wealth: Taking successful business experience overseas through a joint venture
Expanding to an overseas market can prove to be challenging for many businesses that are successful in their domestic market.…
Warba Bank's customer experience formula: placing customers at the heart of every journey
Financial institutions today face a continuous deluge of competitive pressures from all sides, chief among them being the ongoing and…
Middle East Banks Pair Up to Weather Oil’s Plunge and Virus
The global pandemic and an oil price rout are prompting a new wave of consolidation talk among banks in the…
Saudi Ground Services signs $133.3mln murabaha with Saudi British Bank
The Saudi Ground Services Company (SGS) has signed a 500 million Saudi riyals ($133.3 million) murabaha financing agreement with the…
Kuwait banks warn of millions in losses as loan repayments are delayed
A number of Kuwaiti banks have warned of millions of dollars in losses due to delays of repayments of loans…