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Islamic Finance

Al Salam bank AGM approves dividend distribution of 8% of paid up capital

March 20, 2020

Shareholders of Al Salam Bank-Bahrain (ASBB) (Bahrain Bourse Trading Code “SALAM”, Dubai Financial Market Trading Code “SALAM_BAH”) approved in their…

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Comment & Analysis

Fitch Rtgs: COVID-19 Poses downside risks to Egyptian banks

March 20, 2020

Egyptian banks, which were set to enter into a credit expansion cycle in 2020-2021, will be hit by the outbreak…

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New Investment Products & Services

Bank of Bahrain and Kuwait launches bulk deposit machines

March 20, 2020

BBK has announced the launch of bulk corporate deposit machines that allow corporate clients to deposit up to 230 notes…

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Hedge Funds & Alternative Investments

Banking and property stocks propel UAE markets

March 20, 2020

Abu Dhabi’s main stocks index was up 8.4 per cent on Thursday, driven by gains at some of the powerhouse…

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Comment & Analysis

Gulf markets hammered by oil price plunge and virus shutdowns

March 20, 2020

Gulf stock markets have plunged to multi-year lows despite massive stimulus spending as the region has suffered the double blow…

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Comment & Analysis

Rothschild Foundation donates NIS 50 million to boost hospitals’ virus battle

March 20, 2020

The Edmond de Rothschild Foundation said Thursday it was donating NIS 50 million ($13.4 million) to help Israeli hospitals combat…

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Comment & Analysis

Covid-19 in UAE: Employer should pay salary if an employee is put in quarantine

March 20, 2020

The UAE-based companies that are asking their employees to be in quarantine after returning from leave are obliged to pay…

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FinTech

UAE eases restrictions on internet calls to contain virus

March 20, 2020

The United Arab Emirates lifted restrictions on some programs that allow voice calls over the Internet for companies on a…

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Coronavirus

UAE to cancel all pre-approved visas – reports

March 20, 2020

The UAE has cancelled all new visas issued prior to March 17 and suspended the entry of those visa holders,…

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Comment & Analysis

NBE, Banque Misr pump LE 3 billion to boost bourse: offical

March 20, 2020

The National Bank of Egypt and Banque Misr will pump 3 billion pounds to boost the Egyptian Exchange through their…

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Comment & Analysis

Precautions taken to limit covid-19 impact in Oman

March 20, 2020

The Central Bank of Oman issued a number of directives to all licensed banks and financing leasing companies operating in…

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FinTech

OAB launches first-of-its-kind Innovation Lab in Oman

March 20, 2020

Oman Arab Bank announced the launch of the first-of-its-kind Innovation Lab in the banking sector at a press conference.  …

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