Saudi trade surplus declines 25% in 2019
Saudi Arabia has achieved a trade surplus worth SAR 439.43 billion in 2019, down by 25.5% when compared to SAR…
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The world economy on a tightrope
The COVID-19 pandemic is a global health crisis without precedent in living memory. It has triggered the most severe economic…
Deutsche Bank's head of EMEA is said to be leaving
Deutsche Bank AG’s chief executive officer in Europe, the Middle East and Africa is leaving the German lender he first…
Tata Asset Management establishes regional office in DIFC
Tata Asset Management, one of the earlier asset management companies in India has opened its regional office in Dubai International…
Why SAMA is enhancing Saudi banking sector liquidity
Saudi Arabian Monetary Authority, the central bank of Saudi Arabia, has said it will inject SR50 billion ($13.33 billion) in…
Nemir Kirdar, father of private equity globally, dies at 83
Nemir Kirdar, one of the Middle East’s most prominent investors who founded and ran Bahrain’s alternative asset manager Investcorp for…
Abu Dhabi's Al Hilal Bank sells its Islamic insurance subsidiary
Al Hilal Bank, a wholly-owned subsidiary of Abu Dhabi Commercial Bank (ADCB), has completed the sale of Al Hilal Takaful,…
Dubai Islamic Bank successfully closes $1 billion sukuk
Dubai Islamic Bank closed a $1 billion long 5-year sukuk with a profit rate of 2.95 per cent per annum,…
Egypt launches platform for international partnerships to support economy amid COVID-19 crisis
Egypt’s Minister of International Cooperation Rania Al-Mashat has revealed that the ministry has launched a platform for partnership with international…
GFH Group completes $500mln sukuk issuance
GFH Financial Group - listed on Dubai Financial Market - announced that it has completed the issuance of US$500 million…
Bahrain unveiled major digital banking projects
The implementation of the electronic cheques project and tokenisation of debit cards to expand the use of contactless transactions are…
Majority of UAE banks plan to enable open banking in one year
Eighty-eight percent of finance institutions in the UAE plan to enable open banking in the next 12 months, a survey…