Kuwait banks see 2.2% dip in construction sector financing
During the first 11 months of 2023, local banks experienced a decline of 2.2 percent in consolidated financing provided to…
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New CEO for Swiss private bank Union Bancaire Privée’s Dubai-based subsidiary
Swiss private bank Union Bancaire Privee has appointed Mohamed Shoukry as its new CEO of Dubai-based subsidiary UBP Middle East.…
NBK hosts a series of workshops for the employees of Kuwait Fund for Arab Economic Development
Ben-Ghareeb: These workshops underline NBK’s dedication to developing the human capital of government entities In line with its strategic…
National Bank of Oman wins Bank of the Year Award for 2023 by The Banker
Reaffirming its pioneering position in the banking sector, the National Bank of Oman (NBO) has won the prestigious ‘Bank of…
Al Baraka Bank Egypt, EG-Bank suspend international credit cards cash transactions
Al Baraka Bank Egypt and EG-Bank on Tuesday suspended international credit cards cash transactions amid a severe hard currency shortage…
Dubai emerged as biggest market globally for $10mln homes in 2023
Dubai's real estate landscape continued to boom in 2023, as the emirate beat London and New York to become the…
BankDhofar extends “Credit Card Bonus Points Campaign” offer
The points are equivalent to the annual fee of the credit card Following the positive turnout of the “Credit…
Paymob secures Central Bank of Oman’s PSP license
Paymob has announced that it has received the Central Bank of Oman’s (CBO) Payment Service Provider (PSP) license, making it…
RAK Properties targets $816 million in sales for 2024 amid higher demand
RAK Properties aims to achieve more than Dh3 billion ($816 million) in property sales this year, up 50 per cent…
Gulf central banks may slash rates for first time in two years
GCC central banks are expected to cut interest rates for the first time in two years, according to a leading…
UAE banking sector assets hit $1.09tn for first time in history
The UAE banking sector’s total assets surged to 4.02 trillion dirhams ($1.09 trillion) for the first time in history in…
Saab appoints Heléne Bittmann as its UAE Managing Director
On 1 January 2024, Heléne took over from Anna-Karin Rosén, who has played a pivotal role in strengthening Saab UAE’s…