07/10/2020
The Assistant Undersecretary of Labor Affairs affirmed that the State of Qatar will continue its cooperation and joint work to achieve recovery and provide all assistance to tackle the economic repercussions of the crisis in order to secure and stabilize
07/10/2020
Users can top up their digital wallets on uPay’s self-service kiosks in the UAE
07/10/2020
GIB's IDRs are driven by its 'BBB+' SRF, which reflects Fitch's view of a high probability of support for the bank, if needed, from the Saudi authorities
07/10/2020
This may mean that firms currently authorised and regulated by the IA and SCA will need to reapply for licences under the new regulatory framework, although it is unclear at this stage what the licensing framework will look like.
07/10/2020
This strategic alliance enhances Saudi Payments’ strategy to grow the number of options available in the Kingdom’s digital payment environment providing more choices to consumers.
07/10/2020
The Central Bank of the UAE has said that the support provided to non-profit organisations is expected to increase in 2020
07/09/2020
Externally, investors fled riskier assets like emerging markets during the height of the coronavirus pandemic.
07/09/2020
DIFC won't be extending the Presidential Directive beyond the emergency period
07/09/2020
The total number of shareholders registered by QCSD reached 387,769, while shareholders with bank accounts were 57,078.
07/09/2020
FAB’s collaboration with MoHRE is the latest in a series of partnerships within the bank’s objective to drive more digital solutions across the UAE and wider region.
07/08/2020
Important sectors of the UAE economy have reached a near standstill over the past few months because of virus containment measures while others, such as real estate, have been sluggish for years.
07/08/2020
It approved procedures for amendments in boards of directors of OIA’s affiliated companies, besides endorsing a set of decisions pertaining to OIA’s governance measures.
07/08/2020
Despite this glimmer of optimism, total issuance volume for the full year2020 will be lower than in 2019 since corporates are holding on to cash, cutting capital expenditure, and using bank financing.
07/08/2020
A prime objective of the webinar was to discuss the challenges facing the Private Sector and Global Economy during the COVID-19 outbreak
07/08/2020
The credit facility duration is 30 months
07/08/2020
Masraf Al Rayan and Al Khalij Commercial Bank entered initial negotiations in June to create an Islamic entity.
07/07/2020
A prime goal behind the initiative is to promote and provide a robust platform for the investment and prosperous trade opportunities in Member Countries
07/07/2020
Should address ‘current gaps and ambiguities’ to provide more certainty for investors
07/07/2020
'This new facility will support banks operating in the UAE in proactively managing their day-to-day liquidity'
07/07/2020
Conventional banks launching the overnight liquidity of depositor.