Barwa shareholders elect new board via online voting
Shareholders of Barwa Real Estate elected yesterday its board of directors for 2020-2022 during the company’s annual general meeting via…
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GCC investment banks facing earnings risk
Management consultancy Oliver Wyman and investment bank Morgan Stanley have released a new report highlighting that in the event of…
QIIB launches ‘corporate cash deposit’ cards
QIIB has launched its ‘Corporate Cash Deposit’ cards that allow the bank’s corporate customers to make cash deposits round the…
Saudi Aramco in talks with banks to borrow about $10 billion for acquisition of 70% stake in SABIC: Report
Saudi Aramco, the world’s largest oil producer, is in early talks with banks for a loan of about $10 billion…
Coronavirus And The Coming Financial Revolution
The coronavirus pandemic is one of the biggest and unprecedented seismic shifts in the global economy that we’ve ever seen…
Looking Beyond COVID-19: How Companies Can Prepare for the Post-Pandemic Economy
As COVID-19 continues to sweep across the world, it is has undoubtedly taken the global financial markets by storm. Despite…
Turkey wealth fund to get takeover powers in battle against coronavirus
Turkey’s sovereign wealth fund will be given special powers to buy stakes in companies under steps proposed by the government.…
Reputation of financial advisers in the UAE deteriorates: MEIP report
The tenth edition of Middle East Investment Panorama (MEIP) was released today. The report includes findings from two separate surveys,…
IMF warns ‘vulnerabilities high’ in the Middle East hit with dual shock of coronavirus and oil plunge
The International Monetary Fund forecasts a dramatic contraction for Middle Eastern and North African economies this year, predicting a worse…
ADIB first Islamic bank to use Blockchain for trade distribution
Abu Dhabi Islamic Bank, a leading Islamic financial institution, has become the first Islamic bank to successfully execute trade finance…
#TogetherAgainstFraud: UAE launches fraud awareness campaign amid COVID-19 pandemic
UAE Banks Federation, the Central Bank of the UAE, Abu Dhabi Police, and Dubai Police have announced the launch of…
Banks can't save Gulf economies
As the COVID-19 pandemic's economic damage continues, governments around the world are trying to intervene in the financial sector to…