Saudi Arabia gives three-month loan repayment delay for citizens – central bank
Saudi Arabia’s Monetary Authority has instructed the kingdom’s banks to delay by three months the payment of instalments due on…
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DFSA fines La Tresorerie Dh2.25m for illegal cash services, regulatory failings
Dubai Financial Services Authority, the regulator of the Dubai International Financial Centre fined La Tresorerie Ltd $612,790 (approximately Dh2.25 million)…
Dubai, hit by lockdown and oil price crash, could be headed for another debt crisis
Dubai, the glittering commercial hub of the Gulf, is facing the risk of a debt crisis reminiscent of the 2009…
How banks are going digital to manage COVID-19
ICC has issued a collection of rapid response measures by trade finance banks to keep trade finance and trade flowing…
Kuwait banking association head says 25% of bank branches will open on Sunday
The head of the Kuwait Banking Association, Adel Al-Majed, said on Thursday that 25% of bank branches in Kuwait will…
Contact Finance obtains first consumer credit licence from Egypt's FRA
Contact Finance has obtained the first licence to practice consumer finance activities in Egypt, according to Mohamed Omran, Chairoerson of…
Coronavirus: Saudi Arabia forced to boost borrowing as oil glut slams virus-hit economy
Saudi Arabia could be forced to borrow around $26bn more this year and will draw down up to $32bn from…
UN, European Union warn Israel against West Bank annexation
The United Nations, the European Union and several European states, including the United Kingdom, Germany and France, have warned Israel…
Gulf lenders can absorb up to $36bn shock, says S&P
The Covid-19 pandemic and the collapse of oil prices will test the earnings of Gulf-based lenders but overall they could…
Real estate, insurance equities drag QSE
The Qatar Stock Exchange yesterday fell below 8,500 levels, mainly dragged by real estate and insurance equities. The increased…
Al Khaliji posts net profit of QR177mn in Q1
Al Khaliji has reported a flat year-on-year net profit of QR177mn in the first three months of this year. …
DMCC hosts virtual briefing with UAE Ambassador to China
Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer of DMCC joined a virtual briefing call this morning with His…