Dario Locatelli appointed CEO in Allianz Trade GCC
Dario Locatelli, current Regional Head of Surety in Allianz Trade MMEA (Mediterranean, Middle East and Africa Region), has been appointed…
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Crypto crime value dropped significantly in 2023, shows Chainalysis report
What have been the most significant trends in crypto-related crime observed over the last year? Our tracking of crypto…
Oman's Bank Muscat Q1 net profit up 6%, beats estimate
Oman's largest lender by assets, Bank Muscat, reported a Q1 2024 net profit of 54.24 million rials ($140.9 million) nearly…
NBO & Zumr team to boost FinTech innovation and empower SMEs
National Bank of Oman has partnered with Zumr, an innovative Rotating Savings and Credit Association platform. Under this collaboration,…
Ex-Redington research head and Baillie Gifford director join Jennison
Jennison Associates has made two senior hires for its EMEA-focused business, as the PGIM subsidiary seeks to strengthen its client…
Investments in infrastructure, technology create job opportunities
Heavy investments in well-built infrastructure and technology over the past decade have propelled employment prospects in Qatar. Experts in…
QNB: Financial Results For The Three Months Ended 31 March 2024
QNB, the largest financial institution in the Middle East and Africa (MEA) region, announced its results for the three months…
World Bank doubles Turkey’s exposure to $35 billion: minister
The World Bank has doubled its exposure to Turkey to $35 billion to help stabilize the Middle East’s largest non-oil…
stc pay becomes STC Bank with Saudi Central Bank approval
stc pay has received formal approval from the Saudi Central Bank (SAMA) to progress into STC Bank. This beta launch,…
Arab stock markets show varied performance in Ramadan 2024
The performance of the capital markets in the Arab region was mixed during the holy month of Ramadan, with five…
Saudi banks’ foreign assets surge by 22%, reflecting robust international investments
The foreign assets of Saudi Arabia’s commercial banks surged by 22 percent in February, reaching a total of SR347.63 billion…
Can ‘credit shield’ save you when credit card debts pile up after cash crunch crises?
When you sign up for a new credit card, you will most likely be encouraged by the bank’s salesman to…