UAE economy poised for growth pick up, EFG-Hermes says
The UAE’s economy will turn the corner next year, with growth outstripping 2017, thanks to improvement in the nonoil economy,…
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Kuwaiti government highest-spending in the world
The government of Kuwait has been ranked as the highest spending in the world, according to Al Qabas newspaper. …
Euromoney names Citi ‘Best Investment Bank in Kuwait’
Euromoney Magazine recently named Citi as the Best Investment Bank in Kuwait for the period covering the past twelve months. …
Qatar Development Bank signs cooperation MoU with Dubai Exports
In its ongoing efforts to promote Qatari exports, Qatar Development Bank – through the support of its export arm, Tasdeer…
Banks' liquidity conditions easing as deposits grow
Liquidity pressures in Oman's banking system appear to have eased during the first quarter of 2017 after banks recorded a…
UAE forms fatwa council to advocate moderate Islam
The Cabinet approved during it sessions the formation of the UAE Council for Fatwa to be the sole reference for…
ADIB Global Investment Outlook Takes An Overweight View On GCC And European Equities
In its latest Global Investment Outlook presentation, Abu Dhabi Islamic Bank, ADIB, has suggested that investors should consider taking an…
Turkish banks debut national payment scheme for consumers
Turkey at the crossroads of Europe and Asia has a banking sector that defies expectations. It has grown at an…
NCR makes it nice and Eazy for Bahrain’s biometric payments
Bahrain-based Eazy Financial Services will launch the region’s “first” biometric payment network powered by NCR. Consumers will be able…
UAE Central Bank orders closure of money exchange
The UAE Central Bank has ordered the closure of a small money exchange house after detecting irregularities, official sources told…
Businessman accused of embezzling wife’s Dh30.5m
A banker and a businessman have been accused of forging documents to embezzle Dh30.5 million from the account of the…
DSI holding talks with banks on restructuring
Drake and Scull International, the Dubai-listed construction firm, said on Tuesday that it is continuously holding several meetings and discussions…