Pandemic speeds up UAE’s transition to cashless ecosystem
The Covid-19 pandemic has accelerated the UAE’s transition to a cashless society by increasing people’s trust in digital transactions and…
Comment & Analysis
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Qatar trade surplus at QR9.1bn in November
Qatar’s foreign merchandise trade balance, which represents the difference between total exports and imports, showed a surplus of QR9.1bn in…
Fitch affirms Doha Bank rating at ‘A’, with stable outlook
Fitch Ratings has affirmed the Doha Bank’s IDRs, Support Rating (SR), and Support Rating Floor (SRF) with Stable Outlook, reflecting…
Saudi Arabia eyes bigger overseas investments in industrial, services sectors: minister
Saudi Arabia is looking to boost its overseas investments and expand its global footprint in several sectors including industrials and…
Burgan Bank's working hours during New Year's Holiday
Burgan Bank has announced that it will be officially closed on Sunday 3/1/2021 during the New Year’s Holiday and will…
Ten Ways Covid-19 Has Changed the World Economy Forever
Economic shocks like the coronavirus pandemic of 2020 only arrive once every few generations, and they bring about permanent and…
Bahrain central bank asks banks to extend loan repayments for six months more
Bahrain's central bank has asked banks and financing firms to extend loan repayments for six more months from January, as…
2021 Global Networking Trends Report: business resiliency takes center stage
Businesses around the world experienced unprecedented long-term disruption to their operations almost overnight due to the Covid-19 pandemic. In…
CBE renews suspension of ATM and banking transaction fees until June 2021
The Central Bank of Egypt decided on Monday to renew until June 2021 a number of procedures it has put…
Fitch affirms Commercial Bank rating at ‘A’ with stable outlook
Fitch Ratings has, once again, affirmed Commercial Bank’s unchanged long-term issuer default rating at “A” with a stable outlook. …
PIF on track to becoming world’s first activist and futurist sovereign wealth fund
The COVID-19 pandemic has proven to be the moment the $350 billion fund was made for, encouraging it to take…
Qoyod closes a Series-A investment of $2.1mln led by Merak Capital
Qoyod has announced an investment round of $2.1M (SR 7.87 million) led by Merak Capital, with participation by other investors.…