Dubai’s Jebel Ali freezone waives Dhs35m in fines
Dubai’s Jebel Ali freezone (Jafza) will waive an estimated Dhs35m in fines owed by its customers, it announced on Sunday.…
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Invest Bank shareholders approve continuation of lender despite losses
The shareholders of Sharjah’s Invest Bank approved the continuation of the commercial lender despite its losses amounting to half of…
Emirates NBD Transforms its Digital Banking with Red Hat-Based Cloud, Winning 2019 Red Hat Innovation Award
The world's leading provider of open source solutions, has announced that Emirates NBD, a leading banking group in the United…
CI Capital Asset Management managed equity funds "Estithmar" and "Halal" awarded 6 prestigious awards
CI Capital Asset Management won 6 new prestigious Lipper Fund Awards by Refinitiv – formerly the Financial and Risk business…
Miral Closes Two Residential Plot Sales at Yas Bay
Miral has signed two land sales at Yas Bay with Siadah International Real Estate Development LLC, which in its turn…
Qatari banks face growing risks from real estate downturn, says Fitch
Qatari banks face growing pressure from high exposure to the country’s sluggish real estate market, hit by oversupply tied to…
KFH Continues "Feed the Fasting" Campaign in different Locations
Kuwait Finance House continued its “Feed the Fasting” campaign in different locations as part of its Ramadan program “Increase Good…
UAE consumers increasingly trust digital payments over cash, according to latest Visa-DED security survey
The Department of Economic Development in Dubai, and the world’s leader in digital payments, Visa has launched ‘Stay Secure,’ a…
Kuwait- 'Vital to raise levels of cash in ATM machines'
The Central Bank of Kuwait has asked local banks to provide additional levels of liquidity within official channels, particularly the…
KIB mulls $300 million Sukuk issuance
Kuwait’s Capital Markets Authority has approved Kuwait International Bank’s request to issue up to $300 million perpetual additional tier 1…
Saudi start-ups in a charm offensive in Paris
For the past three years, Saudi Arabia has been fully committed to the innovation and technology sectors as part of…
Diversification of business mix brings stability to income streams
Conscious efforts to diversify RAKBank’s business mix has resulted in steady improvement in stability of its income streams, said Peter…