Swiss bank Edmond de Rothschild sets up MENA hub in Dubai's DIFC
Swiss-based private banking giant Edmond de Rothschild Group is opening its MENA hub in Dubai's DIFC today as part of…
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Clavis Fintech Says Blockchain Will Simplify and Secure International B2B Payments
Small and medium-sized enterprises (SMEs) will greatly benefit from increased simplicity and security by using blockchain technology to make international…
Ras Al Khaimah to open world’s first free zone for digital and virtual asset companies
Ras Al Khaimah (RAK) has announced its intention to launch RAK Digital Assets Oasis, the world’s first free zone dedicated…
GCC to appoint chief negotiator next month for trade talks with India – report
The Gulf Cooperation Council (GCC) countries are set to appoint a chief negotiator next month, which will help fasten the…
GCC investments in renewables to rise as governments race to meet climate targets
S&P Global Ratings expects to see significant investments in renewables in the GCC during the current decade, as member countries…
Central Bank of UAE revokes licence of 'Dollar Exchange' house
The Central Bank of the UAE (CBUAE) has revoked the licence of Dollar Exchange, an exchange house operating in the…
Dubai Duty Free rehired 5,000 employees, sees full rebound by 2024 – Colm McLoughlin
Dubai Duty Free (DDF) is expected to make a full rebound in sales next year, as airport passenger traffic continues…
Saudi SABIC posts 28% drop in 2022 net profit, warns of margin pressure in H1
Saudi Basic Industries Corp (SABIC), one of the world’s biggest petrochemicals firms, said on Tuesday its full-year 2022 net profit…
'Embezzled' Lebanese cash in Swiss banks: media report
Banks in Switzerland are holding a substantial amount of the millions of dollars Lebanese central bank chief Riad Salameh is…
Bank credit in Oman grows 4.8% to RO29.2bn in 2022
Oman’s banking sector recorded an year-on-year credit growth of 4.8 per cent last year but deposit growth sharply slowed to…
Qatar Central Bank issues QR 1 billion treasury bills due on March 2
Qatar Central Bank issued treasury bills worth QR 1 billion for a one-week term in February, due on March 2,…
Banks, real estate shares weigh on Saudi; insurer lifts Qatar
Major stock markets in the Gulf ended mixed on Sunday, with Saudi Arabia’s index pressured by real estate and banking…