Alpadis Group obtain license, open new office in Dubai International Financial Centre
Alpadis Group has announced that it has obtained its licence to operate in the Dubai International Financial Centre and has…
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UAE’s Invest Bank Selects Temenos Banking Cloud to Accelerate Digital Transformation with NdcTech
Invest Bank has selected Temenos to take its digital and core banking to the cloud, in partnership with NdcTech. …
Chairman of Bank Leumi Promotes Economic Collaborations in the Middle East
Chairman of Israel's Bank Leumi, Dr. Samer Haj-Yehia, participated this week in a series of international conferences in the Persian…
EFG Hermes reports a near two-fold increase in revenues to EGP 2.3bln in 3Q22
EFG Hermes has announced its results for the third quarter of 2022. Group revenues surged 95% Y-o-Y to EGP 2.3…
Saudi Arabia establishes its open banking framework
New legislation, regulatory guidelines and technical standards have been developed in Saudi Arabia as part of a new open banking…
Saudi Aramco to pump $7bn into biggest petchem investment in South Korea
Saudi Aramco plans a $7-billion investment at a South Korean affiliate’s factory in the port city of Ulsan to turn…
GCC retail sector set for 15.7% growth in 2022 but greater digital focus is needed: Alpen Capital
Retailers in the Gulf Cooperation Council region are reporting higher turnovers due to inflation rises and consumers increasing spending on…
UAE banks' revenue to jump to $25bln boosted by digitisation – report
The revenue of UAE banks is expected to rise by 52% to about $25 billion by 2030, with digital transformation…
UAE jobs: Students' salary expectations increase to Dh20,000 per month
The UAE students' salary expectations have increased in the past year amidst more job opportunities during the post-Covid-19 recovery period.…
UAE, Saudi spur GCC retail sales surge to $297 billion
Powered by a buoyant retail sector in the UAE and Saudi Arabia, retail sales across the GCC will jump 15.7…
UAE: Gold prices drop in Dubai in early trade
Gold prices fell remaining steadied early in the day on Wednesday, as signs of cooling US inflation boosted bets for…
Saudi inflation up 3% year-on-year: GASTAT
A rise in food and drink costs helped push Saudi Arabia’s annual inflation rate up by 3 percent in October,…