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…
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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…
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…
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…