Egyptian banks explore multiple avenues to growth
Egypt's banks have emerged from a difficult decade with their appetite for expansion undimmed, The Banker monthly magazine reported on…
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Invest Bank reports 61% lower losses in 2019
The net losses of Invest Bank plunged by 61% year-on-year to AED 579 million in 2019 from AED 1.47 billion…
UAE citizens invest to AED1.65 billion in Abu Dhabi, Dubai stock exchanges
Official figures showed that, in March 2020, UAE citizens invested with a total of AED1.65 billion in Abu Dhabi and…
Bahraini court's ruling against Iranian Bank lacks legal value: FM Spokesman
Spokesperson for the Ministry of Foreign Affairs of the Islamic Republic of Iran has decried the Bahraini government’s ruling against…
How UAE is leading its war on the coronavirus pandemic
There is a reason why the UAE is ranked one of the safest countries of the world. It has the…
UAE likely to see GDP growth of 2.5pc in 2020: report
The UAE's non-oil economy will likely see stagnation in the first half of 2020, according to the latest Economic Update…
World Bank ramps up support for fragile MENA countries
The World Bank has rolled out financial support efforts to address public health needs, particularly for developing countries, amid the…
Amin Alarrayed appointed as new NBB board member
The National Bank of Bahrain has welcomed Amin Al Arrayed as its newest Board Member replacing Khalid Al Rumaihi who…
UAE appoints Abdulhamid Saeed as new central bank governor – government office
The United Arab Emirates' president appointed Abdulhamid Saeed as the new central bank governor, the government communication office said in…
Moody's has negative outlook on Gulf banking systems
Rating agency Moody's has changed its outlook to "negative" from "stable" on the banking systems of Saudi Arabia, United Arab…
Redundancy and restructuring in the UAE
Whenever there is a challenging economy, companies and employers have to consider making difficult decisions around the company costs and…
Kuwait central bank announces stimulus to support vital sectors, SMEs
Kuwait’s central bank announced a stimulus package on Thursday to support vital sectors and small and medium enterprises amid the…