Egypt says proposed standby funding from IMF aimed at helping businesses
Egypt’s talks with the IMF about a standby loan to help it through the coronavirus pandemic will focus on structural…
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Abu Dhabi issues more bonds in the international market to raise cash
Abu Dhabi raised more money from international debt markets just weeks after a $7 billion bond sale as it takes…
Oil prices expected to recover on rising demand, hopes of pandemic fading away
Oil is gradually starting to rise as coronavirus-afflicted economies ease their closures and travel restrictions this month, with production subdued…
COVID-19 could be catalyst for ESG adoption by tech companies, finds KPMG analysis
Technology companies are placing more importance on environmental, social and governance (ESG) practices, driven by the current COVID-19 pandemic situation,…
Covid-19 is strengthening UAE family businesses’ corporate governance structure
Family firms are the backbone of the UAE’s economy. Accounting for a significant segment of the non-oil gross domestic product…
Emirates Islamic offers free international money transfers
Dubai-based Emirates Islamic is offering free international money transfers for all individual customers amid the coronavirus pandemic. All bank…
JPMorgan Fills Senior Leadership Roles After February Makeover
JPMorgan has made a number of changes in senior positions in its investment bank in the Europe, Middle East and…
VakıfBank becomes first Turkish lender to obtain license in Qatar
Turkish public lender VakıfBank has obtained a banking license in Qatar, it announced Monday. The bank's announcement came after…
Bahrain Islamic Bank advocates the utilisation of its digital platforms
Bahrain Islamic Bank (BisB) has iterated that it is urging retail and corporate customers to utilise the bank’s available digital…
First Abu Dhabi Bank ends acquisition talks with Lebanon’s Bank Audi-Egypt
First Abu Dhabi Bank on Monday (May 18) said it has mutually agreed with Bank Audi to stop the transaction…
Saudi Arabia's PIF buying spree is vote of confidence in pandemic recovery
We should have seen it coming. Yasir Al-Rumayyan, governor of Saudi Arabia’s Public Investment Fund (PIF), told a virtual gathering…
Service Quality and Resilience are Key in Current GCC Environment
The GCC was, generally, very quick to react when early signs of the coronavirus appeared in the region, with a…