UAE Islamic Banks: 2019 Results Dashboard
Key Message on 2019: Islamic financing and deposits accounted for 27% of total sector financing and deposits, respectively, at end-2019.…
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Global Business Barometer Improves
Executive sentiment about the three-month outlook for the global economy rose but remains pessimistic at -27.7 (out of a range…
Emirates NBD hires banks for perpetual dollar bonds -document
Emirates NBD, Dubai's largest bank, has hired banks to arrange an investor call ahead of a potential issuance of U.S.…
Revealed: The UAE's most powerful business families
UAE's 21 families have been ranked among the Arab world's 100 most powerful family businesses, which is second highest in…
Here is why the UAE will become the number one global fintech hub
Financial technology, better known as fintech, has been a burgeoning sector for a few years now. It is the…
COVID-19: UAE banking sector could see more job cuts this year
Banks in the UAE could see more job cuts as the pandemic-related economic slowdown, the postponement of Expo 2020 and…
Egypt- AMF prepares launch of international immediate payment service
The Arab Monetary Fund is preparing to launch an international immediate payment service, as part of its cooperation with central…
NCB-Samba merger to create national champion in banking
The trend toward consolidation in Saudi Arabia’s banking system appears irresistible, whatever the post-pandemic future brings. That is a good…
COVID-19: Corruption prevails as Kuwait fights pandemic
“We would have shut our eyes to an unwarranted smile on the face of our Prime Minister, had we not…
NRBC Bank removes Shahid from board
NRB Commercial Bank has removed its vice-chairman Shahid Islam MP, now detained in Kuwait on charge of money laundering, from…
Japan's SMFG brokerage arm to set up office in Abu Dhabi
The brokerage arm of Japan's Sumitomo Mitsui Financial Group (SMFG) 8316.T plans to set up an office in Abu Dhabi…
Burgan Bank launches its WhatsApp service
Kuwait City-based Burgan Bank has recently launched its new WhatsApp business service on 1804080 in collaboration with Infobip to address…