ADNIC partners with FAB to offer customers new payment options
Abu Dhabi National Insurance Company has partnered with First Abu Dhabi Bank to provide customers with a new easy payment…
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UAE gov't proposes end-of-service employee fund for expats
The UAE is planning to introduce a savings retirement fund for non-Emirati employees that will run in addition to the…
Qatari banks under pressure from collapsing property market
The oversupply of real estate in Gulf countries which has seen a collapse in property prices, commensutate with similar falls…
Saudi Arabia fines 16 banks, including UAE bank
Saudi Arabia's central bank on Sunday fined 16 banks, including a UAE bank and some of Kingdom's largest banks, for…
Saudis deposit $250m in Sudan’s central bank
Saudi Arabia announced Sunday it deposited $250 million (Dh917.5 million) in Sudan’s central bank as part of a support package…
Banking for the unbanked: The growth of fintech in Egypt
In Egypt, cash is king, even when it comes to salaries. Of the 100 million-strong population, the World Bank estimates…
New system to boost UAE finance sectors's integrity
The Central Bank of the UAE has developed a Persona Non Grata System in order to restrict persons with questionable…
London firm to invest $440mln in Oman algae farm
London-based Feed Algae plans to invest RO167.5 million ($440 million) to develop one of the world’s largest algae farms in…
Arabtec CEO steps down, CFO appointed acting head
Hamish Tyrwhitt, the CEO appointed to turn around the fortunes of the UAE contracting group Arabtec, has stepped down from…
NBB forges ahead with open banking in Bahrain
National Bank of Bahrain claims to be the first bank in the Middle East to launch an open banking offering,…
Unlocking the future of cross-border payments
The payments industry is evolving rapidly. Technological advances, regulation, and changes in consumer and client behaviours and expectations are all…
Citigroup beefs up its team in Saudi Arabia
Citigroup Inc. plans to hire about five more bankers in Saudi Arabia as it prepares for an expected increase in…