KFH goes live on RippleNet for money transfer service
Kuwait Finance House a member of RippleNet, has started operating an instant cross-border remittance service “Instant International Transfer” using Ripple’s…
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Dubai waives bank guarantee requirement for tourism firms, to issue Dh250 million in refunds
Companies in the tourism industry will soon be able to get back the bank guarantees they had earlier set aside…
QNB to Implement iGTB's Digital Corporate Banking Platform as It Strides Towards Becoming a Leading Global Bank by 2030
QNB will roll out iGTB's CBX platform in 14 countries, enabling it to expand its business beyond international borders, achieve…
No more chauffeur service for these Emirates passengers
Emirates airline has implemented a new rule for passengers using its loyal programme Skywards Miles to upgrade their seats to…
Goldman asks: What if Lebanon is forced to restructure debt?
Goldman Sachs Group Inc. still sees an imminent debt restructuring in Lebanon as unlikely but is already turning its attention…
Mohammed Bin Rashid Approves DIFC’s New Expansion Plan
Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum…
DFSA regulatory accepts seven new firms to apply for an Innovation Testing Licence
The Dubai Financial Services Authority (DFSA) announced the acceptance of seven new firms into its cohort process, which permits companies…
Central Bank of Kuwait modernizes Technology Platform
Tata Consultancy Services is now operational on TCS BaNCS, its flagship banking platform that helps financial services institutions embrace open…
Qatar establishes General Tax Authority
Qatar has established the General Tax Authority, which will be in charge of implementing all tax laws and improving tax…
UAE indices sing different tunes unlike global peers
Global markets may have been impacted favourably or adversely from the headlines on trade war or Federal Reserve or global…
UAE bank bailout points to restructuring, mergers
SMALLER banks in the United Arab Emirates are facing regulatory pressure to merge after the fallout from a property downturn…
Dubai house prices to drop 5 to 10% more this year
There is potential for residential real estate prices in Dubai to decline by another 5 to 10 per cent this…