Saudi central bank says no big money outflow due to graft crackdown
There has been no big outflow of money from Saudi Arabia as a result of the anti-corruption crackdown that was…
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Samsung Partners with Sharjah Islamic Bank for Samsung Pay
Samsung Gulf Electronics announced a new Samsung Pay partnership with Sharjah Islamic Bank today. Sharjah Islamic Bank customers, using…
DIB Wins UAE’s Strongest Islamic Retail Bank for 2017
Dubai Islamic Bank, the UAE’s largest Islamic bank, took home the title of ‘Strongest Islamic Retail Bank’ in the UAE…
SoftBank Tipped For $25BN KSA Investment In ‘Unique’ Deal
SoftBank’s reported plan to invest $25 billion in Saudi Arabia would be a “unique” move, a Riyadh-based economist has said.…
LPC-Gunvor Signs US$1.39BN Loan Refinancing
Swiss energy commodity trader Gunvor Group has signed a US$1.39bn revolving credit facility that will be used for general corporate…
'Blockchain capital' Dubai crowned Smart City of 2017
Judges have named Dubai the Smart City of 2017 thanks to its widespread blockchain deployment and “efforts to lead global…
Saudi Economic Transformation To Be ‘Unstoppable’: Bank of America
Saudi Arabia’s economic transformation will be “unstoppable” and there has already been a positive shift in the Kingdom’s business culture,…
Trading accounts frozen in ongoing Saudi round-up
Trading accounts of Saudis accused of corruption have been frozen, according to a news report, as fears grow among the…
Trading accounts frozen in ongoing Saudi round-up
Trading accounts of Saudis accused of corruption have been frozen, according to a news report, as fears grow among the…
Turkish regulator asks Hariri-linked firm’s creditors to not classify debt as non-performing
Turkey’s banking regulator has assured creditors of Oger Telecom, which is the main shareholder in Türk Telekom, that a $4.75…
Kuwait Could Create Financial Stability Committee – IMF
The International Monetary Fund has recommended the Central Bank of Kuwait create a financial stability committee as part of its…
Uncertainty looms After Saudi crown Prince’s Purge
With the arrests of eleven princes and some 200 tycoons in Saudi Arabia, Crown Prince Mohammed bin Salman made clear…