Islamic finance industry set for continued growth in 2022 despite challenges
The Islamic finance sector is set to continue growing in 2022 as the accelerating economic recovery, particularly in the GCC…
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Profitability of UAE banking sector recovers amidst cautionary winds as deposits outpace loans in 2021
The profitability of the UAE’s banking sector has recovered significantly in 2021 as the economy continued to bounce back from…
Lebanon central bank seeks names of those who failed to repatriate funds amid crisis
Lebanon’s central bank has asked commercial banks to provide the names of political figures who failed to comply with a…
NB report: The looming risks of global stagflation
Qatar National Bank (QNB) expected in its weekly report that the Covid-19 pandemic and the Russian-Ukrainian conflict may become catalysts…
Dubai adopts first law regulating virtual assets
Dubai has adopted the first law of its kind in the emirate that regulates virtual assets, Sheikh Mohammed bin Rashid,…
NBO Suite of Solutions Offer Customers Seamless Digital Payments
Continuing to deliver best-in-class digital solutions, National Bank of Oman’s (NBO) has equipped its customers with more ways than ever…
Saudi Arabia issue $7bln sukuk in March, Kingdom's debt offices says
Saudi Arabia’s National Debt Management Center, also known as NDMC, issued a new Saudi riyal-denominated Sukuk worth around SR26.2 billion…
Spain’s former king Juan Carlos to stay in UAE: royal family
“For now, I prefer for personal reasons which concern nobody but myself, to continue residing in a permanent and stable…
Experience Our Green Future Today at CHINT’s Booth in Middle East Energy Dubai
CHINT has to be exhibiting at the 47th edition of Middle East Energy (MEE) Dubai. This influential global energy event…
UAE’s First Abu Dhabi Bank and ADCB deny report of potential merger
UAE lenders First Abu Dhabi Bank (FAB) and the Abu Dhabi Commercial Bank (ADCB) have both denied a media report…
Qatar First Bank to implement a capital raise of up to 420 million ordinary shares through its Rights Issue
Qatar First Bank (QFB), has announced that it has received the regulatory go-ahead to proceed with its ‘Rights Issue,’ as…
Bank of Israel explores impact of digital Shekel on banking system
The Bank of Israel has published a paper assessing the potential impact of issuing a central bank digital currency –…