Al Salam Bank-Bahrain receives two top awards
Al Salam Bank-Bahrain has emerged as the winner of two prestigious awards: “Best Islamic Retail Bank – Bahrain” and “Most…
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The 9 best high-interest savings accounts for 2019
UAE consumers might assume that recent US interest rate increases would automatically reflect in the rates applied to their debts…
Tadawul index recovers as buying emerges
Saudi Arabia’s Tadawul index recovered from its early losses on Monday to trade flat as buying emerged as lower levels.…
Dubai's Mashreq says 2018 net profit stable at $570m
Mashreq, one of Dubai's largest banks, on Monday said net profits stood at AED2.1 billion ($570 million) for 2018, a…
Saudi Alhokair's mall unit files for IPO, offering in Q2
Saudi Arabia's Fawaz Alhokair Group plans to offer shares in its shopping malls business in Riyadh in the second quarter…
Six in 10 UAE workers reliant on gratuity payment to fund retirement
New research* from Old Mutual International and Quilter Cheviot highlights the major role end-of-service benefits play in the retirement plans…
Saudi Arabia and UAE to launch new banking crypto-currency
A Saudi-Emirati pilot crypto-currency was announced at the inaugural meeting of the Saudi-Emirati Coordination Council in Abu Dhabi last week.…
Qatar Plans to Support Lebanon with $500 Million Bond Purchase
Qatar said on Monday it plans buy $500 million of Lebanese government bonds to help support one of the world’s…
All banks operating in Egyptian market invited to adopt principles of responsible banking
The Sustainable Development Committee of the Federation of Egyptian Banks (FEB) called on all banks operating in the Egyptian market…
Dubai Tourism and Al Ansari Exchange sign agreement
Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism) and Al Ansari Exchange, have signed an agreement to facilitate payments…
GCC bank mergers to ease capacity and boost profitability
Recent merger and acquisition activity among the GCC banks is beneficial for the sector as it will ease overcapacity and…
UAE and Saudi Arabia unveil seven point co-operation plan
The Executive Committee of the Saudi-Emirati Coordination Council held its first meeting in Abu Dhabi with the participation of all…