Saudi Economy Shows Deepening Signs of Strain as Spending Drops
The Saudi economy is showing deepening signs of strain under the weight of cheap oil. Saudi consumers withdrew and…
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UAE banks agree "mini insolvency law" to help struggling SMEs
Banks in the United Arab Emirates will suspend legal action against small and medium sized enterprises struggling to repay debt…
Chairman, board member leave Bahrain's First Energy Bank-sources
The chairman of Bahrain-based First Energy Bank, Khadem al-Qubaisi, and board member Mohamed al-Husseiny have left the bank, with a…
Bank Nizwa Elects New Board Of Directors During Third Annual General Meeting
Bank Nizwa's Shareholders, Board of Directors and Executives recently came together for the third Annual General Meeting. The AGM…
Al Rayan Bank expands HNW offering
Al Rayan Bank has announced that Ahmed Rawaf, has joined the Bank as Head of Premier/Private Banking. He joins…
Bitcoin Crushes Bank Fees in Emerging Economies
New evidence is emerging that virtual currencies and distributed ledgers, like bitcoin, are gaining strength in emerging economies by cutting…
UAE Banks Federation launches significant rescue initiative for SMEs and medium-sized corporates
The UAE Banks Federation , the professional body which represents 49 banks in the UAE, has formally launched a new…
Bank Muscat granted approval for Iran office
The board of Oman’s central bank has granted approval for the country’s largest lender by market value Bank Muscat to…
Tough year for MENA Fund Managers
Mena Fund Manager looks at recent trends in the region's hedge fund sector Although the Mena hedge fund sector remains…
UAE signs agreement on exchange of information for tax purposes with Finland
As part of its strategy to enhance UAE's international economic cooperation and its commitment to meet the standards of transparency…
Diebold names MEA Managing Director
Diebold, Incorporated today announced that Habib Hanna has joined the company as vice president and managing director, Middle East and…
KPMG Business Academy strengthens knowledge and innovation in the UAE through enriched programs
KPMG recently enriched the training programs offered by the KPMG Business Academy* as it continues to help UAE organizations develop…