Saudi developer Dar Al Arkan sells $600 mln in Islamic bonds
Saudi Arabian real estate developer Dar Al Arkan is set to raise $600 million through an issuance of sukuk, or…
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UAE central bank sets early exit fee limit for mortgages
The Central Bank of the UAE directed local banks to reduce the early settlement fee on mortgages to a maximum…
Shaikh Nasser announces fund to support youth and sports
SHAIKH Nasser bin Hamad Al Khalifa, representative of His Majesty for Charity Works and Youth Affairs, and chairman of Supreme…
Bankers ‘hid’ secret Qatar payments from other investors
Two senior Barclays bankers dishonestly hid from the United Arab Emirates a series of multi-million-pound secret payments to Qatar in…
GCC banks to maintain stable credit fundamentals in 2020
GCC banks are expected to maintain stable financial profiles in 2020, barring any major increase in geopolitical risk or a…
Carbon offsetting: the frequently asked questions
Climate change is finally getting the media attention it deserves, and so is carbon offsetting. But what is carbon offsetting?…
Palestine no longer a safe environment for investments
The Palestinian Central Bureau of Statistics and the Palestinian Monetary Authority announced in a joint report published Sept. 29 an…
Mashreq Bank Partners With Avaya And Koopid To Bring AI To The Heart Of Customer Experience
Mashreq has partnered with Avaya Holdings Corp. and Koopid to create a new banking experience that represents a giant leap…
Watch out! That SMS from bank in UAE could be fake
Text messages trying to extract a customer's secret bank information to hack into his account and withdraw funds are increasing…
UAE lifts Lebanon travel ban: Beirut seeks support for ailing economy
The United Arab Emirates lifted a ban on its citizens visiting Lebanon on Monday as the Beirut government sought UAE…
Russia sovereign fund opens Saudi office ahead of Vladimir Putin visit
Russia's sovereign wealth fund announced Tuesday the opening of its first overseas office in Saudi Arabia ahead of President Vladimir…
Saudi Amends Requirements to Open Bank Accounts for Foreign Companies
The Saudi Arabian Monetary Authority has announced amending some articles on the requirements to open new bank accounts. This…