UAE has flexible business environment: Nahyan bin Mubarak
DUBAI - Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence, said the UAE has an attractive and…
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Egypt's central bank keeps key interest rates unchanged
Egypt's central bank kept its key interest rates unchanged on Thursday, the bank said in a statement. All 15…
Riyad Bank's board proposes dividend distribution for H2-21
Mubasher: The board of Riyad Bank has recommended a cash dividend distribution, equivalent to 5.4% of the capital, for the…
Lebanon's central bank will start selling US dollars to commercial banks at Sayrafa rate- statement
Beirut- Lebanon's central bank will start selling U.S. dollars to commercial anks at the rate of its foreign exchange platform,…
Abu Dhabi’s IHC agrees merger of Al Tamouh Investments and Al Qudra Holding
International Holding Company, one of Abu Dhabi’s largest conglomerates, has formally agreed the merger of its subsidiary Al Tamouh Investments…
Bank of Sharjah is working on its Lebanon problem and a solution is in sight, says CEO
Lebanon’s ongoing economic crisis has been a source of concern for one particular bank in the UAE. The Bank of…
Abu Dhabi's ADQ establishes office in Cairo
Abu Dhabi-based holding company ADQ will establish an office in Cairo to continue its investment in Egypt’s economic growth, the…
UAE's economic recovery to strengthen in 2022, CBUAE says
The UAE's economic recovery is expected to strengthen further in 2022 and the country's banking system has the capacity to…
2021: A year of business reinvention and rebirth
When in early 2020, we were hit by the Covid pandemic, we started wondering about how this would affect our…
QNB receives 'Strongest Bank in the Arab World 2021' award by WUAB
QNB Group, the largest financial institution in the Middle East and Africa, recently received the award for “Strongest Bank in…
Ex-CEO of Swiss bank Falcon acquitted in money laundering trial
A court acquitted the former chief executive of a Swiss private bank but fined the now-defunct lender 3.5 million Swiss…
Dubai Investments makes open offer for Dubai insurer NGI's outstanding shares
Dubai Investments has placed an open offer to buy “all or part” of shares held by others in the Dubai…