How to avoid the virus as the world reopens
The lifting of lockdowns is posing an urgent question for people emerging warily back into society: where are they most…
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UAE Public Prosecution warns against misusing national currency
The UAE Public Prosecution has reaffirmed that misusing the national currency is a punishable crime and has called on the…
Oman on course for best-ever year for deals
News of the global slump in mergers in acquisitions hasn’t reached the farthest corner of the Arabian Peninsula, where a…
Saudi property firm Amlak plans first post-coronavirus Riyadh IPO
Saudi Arabian real estate financing firm Amlak International said on Sunday it will float 30% of its shares in Riyadh,…
Burgan Bank enhances customer experience with electronic virtual assistant "Banki"
Demonstrating its leadership as an innovative financial solutions provider, Burgan Bank recently launched its voice enabled artificial intelligence-powered banking chatbot…
DFSA and Deloitte Middle East publish discussion paper on Digital Assets Custody
DFSA’s Innovation Strategy contributes to the Dubai International Financial Centre’s (DIFC) Future of Finance agenda Paper aims to further support…
Bahrain planning to set up specialised banking court
Bahrain Association of Banks is considering the establishment of a specialised banking court to help speed up procedures and strengthen…
Abraaj ex-CEO’s alleged theft cost the firm $385m – liquidators
Liquidators overseeing Abraaj Group’s insolvency now estimate chief executive officer Arif Naqvi’s alleged theft to have cost the firm $385m,…
DIFC back to business with offices, retail outlets and restaurants open
Dubai International Financial Centre has welcomed back clients, visitors, retailers and restauranteurs at the Centre. “The health and safety…
Barclays ‘lied’ over terms of 2008 investment by Qatar, court told
British businesswoman Amanda Staveley has claimed Barclays “lied” to her over the terms of a 2008 investment by Qatar that…
Turkish banks' short-term funding fix poses risks in COVID-19 aftermath
Turkish banks’ reliance on short-term foreign currency debt is proving a concern for investors as it risks piling on pressure…
No acquisition by US-based bank: Emirates NBD Bank clarifies
Emirates NBD Bank has said that 101,731,408 shares were purchased by 254 unique investors on 28th May 2020, following a…