Banks see no reason to delay repayment of citizens’ loans
According to Kuwaiti banks, there is no need to postpone the due installments from Kuwaiti debtors, reports Al-Rai daily quoting…
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Mirabaud AM poaches Reyl global asset management head
Mirabaud Asset Management continues to expand its distribution team by appointing Francesco Genovese, as Head of Sales for the Swiss…
Record number of new firms join DIFC
The total of registered firms in the Dubai International Financial Centre (DIFC) reached 2,437 by the end of 2019 after…
Bahrain: NBK-Bahrain reports net profits of BHD 93.5 million (KD 74.9 million) for 2017, up 27% y-o-y
National Bank of Kuwait-Bahrain has reported net profits of BHD 93.5 million(KD 74.9 million) for the year 2017 compared with…
ADCB launches digital platform to help UAE businesses
Abu Dhabi Commercial Bank has launched the ADCB Trade Booster platform, a digital platform for fourteen partner banks that make…
Lebanon debt default to result in big losses for banks
Lebanon’s decision to defer payment is likely to result in significant losses for private creditors, credit rating agency Moody’s said…
Want to make a Gulf dealmaker laugh? Ask when's the next IPO
Times are especially tough for dealmakers in the Gulf, where the currents battering global markets have converged. But a simple…
Fintech: building smart cities in Dubai
As the UAE overcomes regulatory hurdles, we explore how the city of Dubai is going to leverage fintech in order…
Fiorano Drives Digitalization at Crédit Agricole with Flexcube Core Banking System Integration
Fiorano Software has announced that Crédit Agricole, Egypt has implemented the Fiorano Hybrid Integration Platform to reduce time and cost…
Why the time is right for a UK-Saudi tech hub
Stakeholders in both Saudi Arabia and the United Kingdom are toying with the idea of a UK-Saudi tech hub that…
Lebanon’s private creditors face significant losses, Moody’s warns
Moody’s Investors Service warned on Tuesday that private creditors faced significant losses as a result of the government’s decision to…
Emirates NBD approves cash dividend of 40%
Emirates NBD recently held its 13th general assembly meeting at the bank's headquarters, where a review of the year ended…