French talent management firm steps into UAE
A French talent management agency has launched activities into the Middle East and North Africa (MENA) region. The initiative, Spread…
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Former Jumeirah CEO confident Dubai's tourism industry will bounce back
Former CEO of Jumeirah Group, Gerard Lawless, is confident Dubai’s tourism industry will bounce back from the devastating impact of…
Dar Al Takaful to acquire Noor Takaful for AED215 million
Dar Al Takaful has announced that it has entered into a legally binding share purchase agreement with Noor Investment Group…
Egyptian state banks collect over $10bn from high-yield savings product
Egypt’s two biggest state banks have collected 171 billion Egyptian pounds ($10.5 billion) from a new high-yield savings product they…
GCC faces tough long road to recovery
As the pandemic stifles economic activity, experts kept warning of a much harsher recession in the Gulf. Sadly, the dreary…
UAE is the safest Arab country and 11th globally amid COVID-19 pandemic
The UAE has been ranked the safest Arab country and the 11th globally for safety, security, and health, economic and…
Omani bank Ahli names new chairman, board members
Ahli Bank has elected Hamdan Ali Nasser Al Hinai as its new chairman of the bank during a remote Annual…
Turkey’s Yapı Kredi bank to impose limit on forex deposit accounts – Reuters
Turkish bank Yapi Kredi will impose a limit on fixed foreign currency deposit accounts and a minimum duration on some…
Bahrain’s banking sector posts 1.8% growth
Bahrain’s banking sector saw positive results in 2019, with an average 1.8 per cent year-on-year real growth in 2019 and…
Saudi billionaire prince sells iconic Norfolk in Sh2.8bn deal
Saudi billionaire Prince Al-Waleed bin Talal has sold his stake in the troubled Fairmont The Norfolk and Fairmont Mara Safari…
Saudi banks face tough few quarters but are well capitalised, say CEOs
Saudi Arabia’s banks face a tough few quarters as the coronavirus crisis and weak oil prices put pressure on profitability…
Lebanon removes banking secrecy rules to fight corruption
Lebanon’s parliament approved on Thursday a law to remove decades-old banking secrecy rules in order to better fight rampant corruption…