Qatar’s Islamic banks fare well in 2019 balance sheet growth
Islamic banks have fared well in balance sheet growth than their conventional counterparts last year, the Qatar Central Bank (QCB)…
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Saudi renewable sector to generate 750,000 jobs over the next 10 years
A recent report by the US-Saudi Business Council (USSBC) has revealed that the level of ongoing investments in Saudi Arabia’s…
Sales of ready-to-move villas in Dubai hit a record high in July
Sales of villas and townhouses in Dubai rose to their highest ever as buyers snapped up spacious properties amid the…
First Abu Dhabi Bank extends Dh3.97b as rebates to small businesses
The First Abu Dhabi Bank (FAB) is extending nearly Dh4 million in rebates to merchants as part of Abu Dhabi’s…
QPay witnesses more than 4-fold jump in transactions in 2019
QPay, Qatar's e-commerce payment gateway, has witnessed a "remarkable" more than four-fold jump in transactions in 2019 and the direct…
Saudi leads Gulf markets higher; Egypt retreats
Most Gulf bourses ended higher on Tuesday, with Saudi Arabia outperforming in the region on the back of banking shares,…
Kuwait budget deficit could widen to $46bln in 2020/21 -document
Kuwait expects its budget deficit to widen in its 2020/21 fiscal year to 14 billion dinars ($46 billion), according to…
Sheikh Mohammed reviews UAE's 'New Economy' gameplan
His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai reviewed…
Islamic banking boosts economies in the Middle East and North Africa
Islamic banking is developing at an impressive pace, so understanding this process is of interest to scientists in the context…
UAE national banks’ assets hit $816bn in H1
Total assets of the 18 listed national banks in the UAE rose to around AED3 trillion ($816 billion) in H1-2020,…
Egyptian bank Beltone diversifies in hunt for profitability
Egyptian investment bank Beltone Financial Holding is diversifying into non-banking financial activities in a bid to return to profit in…
There are Now At least 60 Fintech Firms Operating in Saudi Arabia, with 100 Startups in Concept or Pre-Launch Phase
Fintech Saudi, an initiative that aims to transform Saudi Arabia into an innovative Fintech Hub with “a thriving and responsible”…