Al Wifaq International Islamic Bank selects ICSFS core banking package
Al Wifaq International Islamic Bank for Investment and Finance has selected the most holistic Islamic banking software; ICS BANKS ISLAMIC…
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Mideast Joins Global Stimulus With $47 Billion to Fight Crisis
Three of the biggest Arab economies pledged almost $47 billion in stimulus to limit the economic damage of the coronavirus…
UAE Central bank’s Dh100b support to lift liquidity and lending of banks
The UAE Central Bank’s decision to support the UAE banking system through an extraordinary Dh100 billion stimulus package is expected…
Coronavirus, oil price collapse to hurt GCC banks’ profitability
A prolonged period of oil price volatility and the impact of coronavirus (Covid-19) on the regional economies will impact the…
SAMA unveils SR50bn economic stimulus package to offset coronavirus impacts
The Saudi Arabian Monetary Authority unveiled an SR50 billion economic stimulus package to support the private sector, especially the small…
Coronavirus infections continue to rise in Middle East
Governments in the Middle East and the rest of the world have taken more precautionary measures to combat the spread…
Banking Challenger Moven Partners STC Pay to Introduce New Banking Service for Young People in Saudi Arabia
Two Fintech companies are teaming up to develop a new banking service for young people living in Saudi Arabia, who…
Saudi Arabia Announces $13 Bln Coronavirus Financing Package
Saudi Arabia's central bank said on Saturday it had prepared a 50 billion-riyal ($13 billion) package to help small and…
UAE, Saudis reveal $40.6 bil stimulus to support economies hit by coronavirus, oil crash
The UAE and Saudi Arabia revealed $40.6 billion of stimulus packages aimed at supporting their economies hit hard by the…
Indoor air is not coronavirus-ready
Public building occupants are being exposed to increased risk from viruses, such as the coronavirus, because the regulations on indoor…
Oil giant Saudi Aramco sees 2019 profits drop 20% to $88.2B
Oil giant Saudi Aramco said Sunday its profits dropped 20% in 2019 to $88.2 billion, a sharp decline coming as…
Starved of dollars and drowning in debt, Lebanon’s economy sinks fast
After importing medical supplies to Lebanon for 20 years, Hassan Hamdan shut his business in December. Sales were plummeting,…