Banks in Saudi, emerging markets will see spike in bad loans- S&P
Banks in Saudi Arabia and more than a dozen other countries are likely going to see their profits deteriorate and…
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Beirut’s bank chief comes under fire over crisis
Touted as the guardian of Lebanon’s monetary stability, he has steered the country’s finances for nearly three decades through post-war…
Lebanon removes banking secrecy rules to fight corruption
Lebanon’s parliament approved on Thursday a law to remove decades-old banking secrecy rules in order to better fight rampant corruption…
Directors' duties and UAE corporate bankruptcy
Company directors and managers in the United Arab Emirates must ensure that decisions made in a financial distress situation are…
Time for Banks to go Digital
In turbulent times, remote access for both bank’s customers and financial institutions is crucial. Services could range from opening accounts…
GCC issuance & investor demand are still strong
Despite the extended government lockdowns in place since March 2020 due to the coronavirus, GCC issuance has been relatively strong…
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…
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…