GCC corporate earnings to take a hit from coronavirus outbreak
GCC corporate earnings will be negatively impacted in the first half of the year as businesses and the economy have…
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Deadline for submitting VAT returns extended in UAE
The Federal Tax Authority on Tuesday issued a directive on an exceptional basis providing an alternative date of May 28,…
UAE’s rental app aims to take landlords entirely online
A mobile app for renting homes in the UAE has launched a digital landlord dashboard that aims to provide data…
Kuwait sees 9% higher foreign reserve in February
The total value of Kuwait's foreign reserves rose by 8.57% year-on-year (YoY) to KWD 12.42 billion ($39.96 billion) in February…
Dubai’s Emirates NBD posts 24% fall in net profit for Q1 2020
Dubai’s Emirates NBD posted a 24 per cent year-on-year (y-o-y) decrease in its first quarter net profit, it announced on…
Bahrain follows Saudi Arabia, Oman with budget cuts amid crisis
Bahrain became the latest nation in the oil-rich Gulf to announce drastic spending cuts, an effort to stretch the budget…
Expired Emirates IDs will be valid for banking transactions in the UAE
The UAE Central Bank has instructed all banks in the country to consider expats’ visas and Emirates ID expired between…
UAE’s Virtuzone launches free online marketplace for SMEs
UAE-based company setup firm Virtuzone has launched a new listings site, standtogether.ae, to support the SME community in the current…
UAE announces $5,500 fine for coronavirus fake news
The United Arab Emirates will fine people up to 20,000 dirhams ($5,500) if they share medical information about the coronavirus…
Fed policy lays the foundation for gold
Central banks lay the foundation for gold The moves by the US Federal Reserve since the COVID-19 crisis hit the…
Yemen’s Fastest Growing Bank Selects Temenos
Temenos has announced that Yemen-based, Al Kuraimi Islamic Bank (KIB), has selected Temenos Infinity and Temenos Transact to replace its…
World FinTech Report 2020
Capgemini and Efma has published the World FinTech Report 2020 revealing that despite a widening gulf between traditional banks on…