UAE: Employees Seek Compensation for 'Working from Home' Expenses
Some UAE employees are asking their employers to pay for the additional costs of electricity - and even coffee -…
Comment & Analysis
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Saudi public banks report 10% drop in H1 profits
Ten of the 11 publicly traded Saudi Arabian banks reported first-half aggregate profits of SR19.1 billion ($5 billion), down 10%…
Dubai business conditions see first progress in July: MUFG
Dubai’s purchasing managers index – a key indicator and barometer of the health of the economy – witnessed its first…
Most Covid-19-induced positive behaviours are here to stay
Around two thirds of residents in the United Arab Emirates say that much of the changed habits, routines and practices…
Prime FinTech attracts prominent names from banking & technology to its board of directors
Prime FinTech CEO Mervat Erian has announced that the company, recently launched by Prime Holding to operate in the non-banking…
Fintech industry is growing in Saudi Arabia, says report
Fintech Saudi has said it is seeing the emergence of a growing industry in the Kingdom, as the sector continues…
Open Banking is gaining momentum in Bahrain, Mena
The Open Banking revolution in Mena, kickstarted by the Central Bank of Bahrain, is gaining momentum in the kingdom and…
Interview: Stanchart building bridges with Saudi Arabia
Standard Chartered’s relationship with Saudi Arabia is getting closer by the month, and Sunil Kaushal, the bank’s regional CEO for…
Global businesses enjoy combined offshore and free zone benefits with RAKEZ Global Product
Ras Al Khaimah Economic Zone continues to increase Ras Al Khaimah’s international appeal with the introduction of its Global Product,…
Private sector job losses pose risks to asset quality and profits of UAE banks
Job losses across the private sector following the outbreak of COVID-19 pandemic and a contraction in economic activity resulting from…
How the world reacted to UAE, Israel normalising diplomatic ties
The United Arab Emirates has become the first Gulf Arab country to reach a deal on normalising relations with Israel,…
Algeria turns to Islamic finance to prop up economy
Algeria has launched Islamic finance products in a bid to attract money from the informal market, but bankers warn it…