Fitch affirms Qatar rating at AA-; outlook stable
Global rating agency Fitch has affirmed Qatar's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'AA-' with a Stable Outlook. …
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Dubai remains among top global FDI destinations, gets $2.72bln in the first five months of 2020
Despite the decline in greenfield foreign direct investment globally at the beginning of 2020 due to the challenges posed by…
GHD appoints Regional General Manager
GHD has appointed David Kinniburgh as Regional General Manager - UAE, effective from 1 July 2020, as part of the…
QFC ‘Fintech Circle’ to boost networking with large entities, corporates
The Qatar Financial Center, which is eyeing more global fintechs (including those from the US) to join its platform, will…
UAE banks set for more job cuts, profit decline
A week away from reporting of the first half 2020 results, many UAE banks are headed towards implementing drastic cost-cutting…
Dubai Gold and Commodities Exchange to launch currency rolling futures contracts in July
The Dubai Gold and Commodities Exchange on Wednseday launched date of its three FX rolling futures contracts – Euro (EUR),…
Saudi Arabia: Expat residents not allowed entry until coronavirus crisis ends
Saudi Arabia announced yesterday that expatriate residents abroad will not be permitted to return to the kingdom until the end…
Six apps and a website: Saudis confused by kingdom’s response to coronavirus
Saudi Arabia has been struggling to contain the coronavirus, but instead of introducing a unified platform to organise its strategy,…
Gold nears eight-year high as second coronavirus wave fears grow
Gold prices have climbed to their highest level in nearly eight years as investors flock to the safe-haven asset in…
Al Salam Bank-Bahrain tops key performance indicator rankings for GCC banking sector Highest reduction in non-performing financing by any listed bank in GCC
Ranked sixth for capital adequacy Al Salam Bank-Bahrain has achieved the highest reduction in non-performing financing (NPF) amongst fifty five…
Agreement with IMF Revives Foreign Investment in Egypt
Investments by international funds and foreign investors in the Egyptian market has increased in recent weeks due to the $5.2…
FAB launches eSign technology for secure digital signatures on client documents
First Abu Dhabi Bank, the UAE’s largest bank has launched FAB eSign, a new portal that provides a secure, safe…