Mashreq Bank signs e-sports partnership with Galaxy Racer
Mashreq Bank has partnered with Dubai-based Galaxy Racer, a transmedia powerhouse, to launch a content series and gaming tournaments and…
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Balance between Saudi bank deposits and loans turns negative for the first time since at least 2013
Growth in Saudi banks’ aggregate credit to the private and public sectors slipped to 14.1 percent in May year-on-year, down…
GCC Series: High Smartphone Penetration, Govt Support Boosts UAE’s FinTech Growth
Although not all countries in the Gulf Cooperation Council — Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab…
Islamic finance industry to witness double-digit growth in 2022-2023
Stronger economic growth in core Islamic finance countries is expected to boost industry assets about 10 per cent from 2022…
Fitch downgrades Turkey deeper into junk on 'spiralling inflation'
Fitch Ratings cut Turkey’s sovereign debt rating deeper into junk territory citing the country's “spiralling inflation”, government and central bank…
QNB financial results for the six months ended 30 June 2022
QNB has announced its results for the six months ended 30 June 2022. Net Profit (before the impact of…
UAE, Brazil poised to see surge in trade and investments
The UAE has gained global recognition of being a business facilitator with the world descending on this desert and witnessing…
IMF says it held productive talks on new programme for Egypt
The International Monetary Fund (IMF) said on Friday it had held productive discussions during a staff visit to Egypt on…
As Dubai Gold Rate remains under Dh200/g, UAE shoppers keep buying
This week UAE residents were celebrating Eid Al Adha, and buying gold as shoppers decided a price below Dh200 a…
Saudi industrial production index up 24% in May
The Saudi industrial production index (IPI) increased in May by 24% compared to the same period last year, according to…
UAE’s business-friendly policies attract more global investors
The UAE is building a futuristic nation with a strong foundation of disruption and legacy helping future generations to tap…
Bahrain's Solidarity launches mobile application
Solidarity Bahrain has announced the launch of its mobile application on iOS and Android operating platforms. The mobile application…