Will MENA Region Emerge as the Next Fintech Hub?
As the world braces itself for a potential global recession, it’s hard to countenance the idea of growth markets or…
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Dubai DIFC invests in innovative FinTech start-up companies
Dubai International Financial Centre, DIFC, announced on Monday that it has invested in four FinTech start-up companies. According to…
Dar Al Takaful to buy Noor Takaful for Dh215m
Islamic insurance company Dar Al Takaful is buying competitor Noor Takaful for Dh215 million in cash, as it looks to…
Guiding you through the digital banking landscape in the UAE
The UAE’s banking sector is rapidly leading the GCC region in digital banking solutions. But what exactly is digital banking…
Shrinking interest margins hurt UAE bank profits
The UAE’s banking sector is facing challenges on its asset quality and profitability from COVID-19 and low interest rate environment,…
Higher provisions led to plunge in top UAE banks' Q1 profit
Top UAE banks reported declines in first quarter net profit as they made higher provisions for the challenging macroeconomic conditions—low…
Dubai Islamic Bank hires for US$ Reg S sukuk
Dubai Islamic Bank, rated A3/A (Moody's/Fitch), has mandated banks for a proposed US dollar benchmark five-year or long five-year Reg…
Coronavirus impact: UAE banks plan 10-15% cut in workforce
In the UAE, hospitality, real estate, retail and professional services sector have mostly seen layoffs in the last few months…
Objectway Wins XCELENT Depth of Service Award
Objectway has won the XCelent award for the leading Depth of Service score in Celent report “Wealth Management Client Onboarding…
DIFC posts 17.4% growth in reinsurance during 2019
Dubai International Financial Centre (DEFC) has announced a sustained performance in the reinsurance sector, posting a growth of 17.4 percent…
Saudi Arabia: Is the VAT Increase a game changer?
Economic and fiscal reforms in Saudi Arabia through to the end of 2019 haveled to an impressive fall of the…
Private deposits in commercial banks rise by 8.8%
Total deposits held with ODCs registered a growth of 8.8 per cent and stood at OMR13,697.7 million at the end…