Citrix enables Jordan Kuwait Bank to adapt to the ‘new normal'
COVID-19 continues to change the way companies do business in the Middle East. And one of the largest banks in…
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Oman weighs seeking financial aid from Gulf countries
Oman has discussed the possibility of financial aid with other Gulf states to help it cope with the economic impact…
Blockchain Technology to Facilitate International Collaboration in Banking
The use of distributed ledger technology (DLT) and blockchain began to be a pivotal thing in businesses and this pushed…
EBRD loan to Turkey’s Akbank boosts lending to businesses
US$ 75 million to boost bank lending to Turkish businesses amid volatility Greater access to finance helps companies overcome coronavirus…
Abu Dhabi Global Market enhances its dispute resolution framework
Recent changes in the law mean businesses now have greater scope to resolve disputes before courts in the Abu Dhabi…
Resilience keeps Qatar banks on track for growth
Despite the first quarter of 2020 manifested a significant impact of the international volatility on the global banking industry, Qatar’s…
Kuwait banks yet to decide on distribution of cash dividends for 2020
Banks in Kuwait are yet to take a decision on the distribution of cash dividends this year as the global…
Saudi Arabia triples taxes, cuts $26B in costs amid pandemic
Saudi Arabia announced Monday it was tripling taxes on basic goods, raising them to 15%, and cutting spending on major…
Banking equities help Qatar bourse cross 9,200 level
The Qatar Stock Exchange on Thursday gained more than 47 points to once again cross the 9,200 level, mainly lifted…
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…
Oman's Taageer Finance shareholders approve up to $25.97mln bond issuance
Shareholders of Oman’s Taageer Finance Company have approved the issuance of up to 10 million Omani riyals ($25.97 million) unsecured…
Saudi Arabia considers cancelling hajj for first time in modern history
Saudi Arabia is considering cancelling the hajj pilgrimage season for the first time since the kingdom was founded in 1932,…