ADIB launches new forex digital platform
Abu Dhabi Islamic Bank has launched 'ADIB Direct eFX' platform to enable customers to get better online foreign exchange rates…
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Middle East shares decline
Stock markets in the Middle East retreated on Wednesday, as an emergency rate cut from the US Federal Reserve failed…
UBF launches committees to promote growth of the UAE banking sector
Abu Dhabi-based UAE Banks Federation has announced the launch of the Fintech and Consumer Protection technical committees as well as…
IMF deal seen as only way out for Lebanon
The Lebanese government must swallow its misgivings and reach a rescue deal with the International Monetary Fund or risk economic…
World's largest sovereign wealth fund invests over $800M in Turkey
Norway’s wealth fund has invested nearly $803 million in 53 different Turkish companies as of December 2019. The Government…
Middle East: Banking in an age of conflict
Amine Awad, a veteran of Lebanese banking, has been a mainstay at Blom Bank for many years. But his career…
Bahrain central bank cuts key rate by 50 bps
Bahrain’s central bank said on Tuesday that it had decided to cut its key policy interest rate on the one-week…
Cisco connect kicks-off in Riyadh with renewed commitment to accelerating digitization
Cisco has revealed its latest solutions and strategic partnerships to aid the Kingdom’s digital transformation journey at Cisco Connect Riyadh.…
Saudi Arabia's autoworld digitally transforms with infor cloudsuite equipment
Infor has announced that Al-Jazira Equipment has selected Infor CloudSuite Equipment to help spearhead its digital transformation. Infor CloudSuite…
UAE central bank cuts interest rates by 50 bps
The Central Bank of the UAE, CBUAE, said on Tuesday that it was cutting interest rates on certificates of deposit…
Kuwait registers $12.08bln real estate deals in 2019 – KFH
The real estate sector in Kuwait has continued its positive trajectory that started four years ago, as it recorded sale…
Ultra-wealthy people in GCC expected to grow by 26%
The number of Ultra High Net Worth Individuals in the Gulf Cooperation Council (GCC) is expected to grow by 26…