Turkey’s public banks increase profit by 111% in Q1
Turkey’s public banks, which have kept their credit channels open in a bid to ease the economic burden the coronavirus…
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Majority of startups in MENA see negative impact from COVID-19
The coronavirus pandemic has had a negative impact on the startup ecosystem across the Middle East and North Africa, a…
Egyptian pound forecast to drop by single digit percentage
As Egypt seeks foreign funds to mitigate the impact of the global pandemic on its balance of payments, economists expect…
Sovereign debt risk after the virus
The global health crisis triggered by the coronavirus pandemic has firmly put the spotlight on how well countries will be…
This Challenged World by Gary Dugan
Unprecedented rise in government deficits and indebtedness globally New Zealand announces a budget worth a staggering 17% of GDP Global…
NIB approves capital hike for aiBANK
National Investment Bank agreed to increase the capital of Arab Investment Bank by EGP 800 million, Hala el Said, Egypt’s…
Dubai Islamic Bank donates AED16 million to Zakat Fund projects
The Dubai Islamic Bank donated AED16 million to the Zakat Fund, whose projects this year are being carried out under…
Saudi NCB, Samba post profits, diverge on provisions
National Commercial Bank, Saudi Arabia's biggest lender, on Sunday posted a 2.1% rise in quarterly profit despite higher provisions while…
FinTech to emerge stronger in post-coronavirus period, says Dubai Future Foundation
The financial technology industry will emerge stronger from the post-coronavirus period as more people turn to digital payments as they…
Pandemic may force GCC banks to cut dividends, drive future M&A
Banks in the Arabian Gulf could be forced to scrap 2020 dividends as profits plunge in 2020 due to coronavirus,…
Financial Technologies record a rapid growth in the region, says Dubai Future Foundation report
The financial technologies industry is widely expected to emerge stronger from the challenging risks of the pandemic as people turn…
A private client’s guide to DIFC Foundations
DIFC Law No. 3 of 2018 (Foundations Law) came into effect in March 2018, paving the way for private clients…