Let’s speed up digital change at banks
While our current global economic situation has been expressed — both metaphorically and visually — as akin to falling off…
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Aramex appoints acting Chief Operating Officer
Aramex has announced the appointment of Othman Aljeda as the Company’s Acting Chief Operating Officer, replacing Iyad Kamal, who will…
Amlak Finance unable to complete debt restructuring agreement
Dubai-based real estate finance company Amlak Finance has been unable to execute a debt-restructuring agreement because one of its creditors…
AlixPartners Bolsters Turnaround Team in Middle East
AlixPartners has announced that Matthew Wilde has joined as a Managing Director. Matthew will serve clients across the Middle East…
Private sector customers lead double-digit deposits growth in Qatar banks
Commercial banks in Qatar saw a substantial year-on-year growth in the private sector customers' domestic deposits, particularly personal, thus leading…
Accor cuts 800 jobs across the Middle East and Africa region
Hospitality group Accor has revealed it has made around 800 people redundant in the Middle East and Africa as COVID-19…
Turkey’s Central Boosts Short-Term FX Borrowing to a Record
The Turkish central bank brought its short-term borrowing of hard currency from local lenders to a record as it looked…
Lebanese MPs await IMF remarks on capital control law – MP
Lebanese lawmakers are awaiting recommendations from the IMF to include in a draft law which blocks capital transfers from Lebanon…
Fitch affirms National Bank of Ras Al-Khaimah at 'BBB+'; Outlook Stable
(The following statement was released by the rating agency) Fitch Ratings-London-28 May 2020: Fitch Ratings has affirmed National Bank of…
Fitch revises Burgan Bank Turkey's outlook to negative
Fitch Ratings has revised the outlook on the long-term foreign-currency issuer default ratings (LTFC IDRs) of nine Turkish foreign-owned banks,…
Remote workers present a new security threat in the age of COVID-19
The onset of the COVID-19 pandemic has created unprecedented challenges for organizations as many employees have transitioned to working out…
Leumi Reports First Quarter 2020 Results
Net loss in the first quarter of 2020 totaled NIS 232 million ($65 million). The loss stems from a substantial…