International tourist arrivals in Middle East drops by 40%
The World Tourism Organisation has revealed data suggesting that between January and April this year, international tourist arrivals in the…
Comment & Analysis
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Turkish central bank unexpectedly halts easing cycle
Turkey’s central bank unexpectedly halted a nearly year-long easing cycle on Thursday by keeping its key interest rate unchanged at…
Gold nears eight-year high as second coronavirus wave fears grow
Gold prices have climbed to their highest level in nearly eight years as investors flock to the safe-haven asset in…
Saudi Arabia: Expat residents not allowed entry until coronavirus crisis ends
Saudi Arabia announced yesterday that expatriate residents abroad will not be permitted to return to the kingdom until the end…
Dubai Gold and Commodities Exchange to launch currency rolling futures contracts in July
The Dubai Gold and Commodities Exchange on Wednseday launched date of its three FX rolling futures contracts – Euro (EUR),…
UAE banks set for more job cuts, profit decline
A week away from reporting of the first half 2020 results, many UAE banks are headed towards implementing drastic cost-cutting…
Dubai remains among top global FDI destinations, gets $2.72bln in the first five months of 2020
Despite the decline in greenfield foreign direct investment globally at the beginning of 2020 due to the challenges posed by…
Fitch affirms Qatar rating at AA-; outlook stable
Global rating agency Fitch has affirmed Qatar's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'AA-' with a Stable Outlook. …
The need for contactless payment is now greater than ever
COVID-19 has catalyzed the adoption of contactless payment in the MENA region, and this trend will likely outlive the pandemic…
Helping financial institutions embrace a digital future
How would you describe the inspiration behind DIGI? DIGI is shaped out of the belief that disruption in any…
Private Banking In MENA
Global Finance: How do you see wealth evolving in the MENA region? Rudy Guillemyn: Despite recent challenges, the past…
How the UAE financial sector is adapting to a post-pandemic world
In Dubai Future Foundation’s recent Life After COVID-19: Financial Technologies report, it said that the cornoavirus, “is an important opportunity…