Emirates Investment records losses in Q1-20
Emirates Investment Bank incurred net losses of AED 6.07 million during the first quarter of 2020, against net profits of…
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EBRD extends US$125 million in new funds to Turkey’s Enerjisa
EBRD US$125 million loan to Enerjisa Enerji helps keep lights on for 21 million people New funds to strengthen cash…
Mubadala begins marketing three-tranche dollar bonds – document
Abu Dhabi’s state fund Mubadala began marketing on Tuesday a three-tranche dollar bond offering consisting of six-year and 10-year conventional…
More Arab Countries Could Start Hiking Taxes to Boost Economies
More Arab economies may need to follow Saudi Arabia in hiking taxes to replenish reserves that have been savaged by…
Al Salam Bank-Bahrain introduces WhatsApp banking
Al Salam Bank-Bahrain, the pioneering Sharia-compliant bank in the kingdom, introduced WhatsApp banking services to empower customers to conduct online…
Turkey Lifts UBS Lira-Ban
The ban to trade in Turkish lira proved a short-lived experience for UBS and two other big banks. The damage…
Saudi Arabia slashes fuel prices in the kingdom
Saudi Arabia has slashed fuel prices in the Kingdom by almost 50 per cent starting Monday (May 11), according to…
UAE Central Bank, ADGM to host fintech event in November
The Central Bank of the UAE and Abu Dhabi Global Market have joined up to support the adoption of financial…
COVID-19: Saudi governorate put under total lockdown
Saudi authorities announced Tuesday imposing a 24-hour curfew in the governorate of Beesh in the south-western region of Jizan until…
Oman expected to meet its funding needs, keep support for dollar peg
The rating agency Standard & Poor’s, which recently lowered the ratings on Oman to 'BB-/B', has said the country will…
Abu Dhabi's Mubadala hires banks for bond issues – sources
Abu Dhabi’s state fund Mubadala has hired banks for a potential three-tranche bond issue consisting of six-year and 10-year conventional…
UAE not to hike VAT rates and follow Saudi move
The UAE has no plans to increase its VAT (value-added tax) rate, according to Younis Haji Al Khouri, under-secretary in…