Citibank officially invites Pakistan to international fintech competition
With fintech trends like cryptocurrency and decentralized payments applications shaping the future of our economy, it is imperative that a…
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Saudi investments in US bonds increase to $170bn
Saudi Arabia has increased its exposure to US treasuries and upped its bond holdings to a peak of $170 billion,…
Ex-Emirati Chairman, Expat CEO Sentenced to 15 and 10 Years in Jail Respectively
A former chairman of a public department in Abu Dhabi and the former Chief Executive Officer of the same entity…
NBK launches the World's First Full Metal NFC-enabled Visa Credit Card
* Al-Fulaij: NBK is the first bank to offer the full metal NFC Visa Ultra – High Net Worth Credit…
Key Arab states have yet to confirm their attendance at Bahrain Conference
Just two weeks away from the long-awaited Bahrain Conference on Israel-Palestine, key Arab nations have yet to confirm their participation.…
Gulf states are becoming more adventurous investors
A decade ago, few people in Silicon Valley had heard of Uber or the Public Investment Fund. The former…
Second merger wave may hit UAE lenders as industry shrinks
Banks in the UAE may go through a second wave of consolidation as lenders seek to improve profitability and tackle…
Saudi Arabia issues 390,000 work visas during first quarter
The report showed 229,457 were issued for the individuals representing 58.8%, 143,685 for the private sector and 17,686 for the…
How Lebanon Will Dodge Its Looming Debt Crisis
The economic outlook for Lebanon is not nearly as bad as some would have you believe. And that presents…
Goldman Sachs hired an energy banker from Evercore
Goldman Sachs hired an Evercore banker specialising in energy, oil & gas, and utilities as an executive director. Luke Woodard…
HSBC Carves Special Role as Banker to the Saudis
When Saudi Arabia wanted to demonstrate it was open again for global investors after the killing of journalist Jamal Khashoggi,…
Turkish central bank holds rates, shifts its focus to ‘disinflation’
Turkey’s central bank yesterday held its key interest rate steady at 24%, appearing to pave the way for a rate…