Dubai's Emirates NBD begins new round of job cuts -sources
Emirates NBD, Dubai’s largest bank, began cutting hundreds of jobs this week after the impact of the coronavirus crisis accelerated…
Comment & Analysis
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UAE banks' profits to be hit by lower interest rates, high impairments in 2020
The UAE banks' profitability will come under pressure in 2020 due to lower interest rates, non-interest income and high loan…
Dubai Islamic Bank sells $300mln in 2026 sukuk reopening, document shows
Dubai Islamic Bank has sold $300 million in a reopening of its existing sukuk issuance maturing in 2026, a document…
Kuwait is facing a dilemma over Future Generations Fund
Kuwait is yet to see a consensus build up over whether it should be using its Future Generations Fund to…
Banks keen to engage with FinTech projects
The Fintech ecosystem is fast evolving in the region. Banks are keen to engage with FinTechs in a broad range…
Fintech Adoption: Over 80% of Middle East Consumers Say they’re Willing to Use Financial Technology Apps
Over 80% of banking customers in the Middle East say they’re ready or willing to use Fintech apps, however, many…
Reasons why many investors are turning to social bonds amid COVID-19
The coronavirus pandemic has encouraged more investors to put their money in financial instruments that can have positive social outcomes.…
Dubai homeowners find it's not easy changing property managers
Property owners in Dubai are finding it’s not easy to change their property management firms… and especially those ones owned…
Eight in ten Middle East banking customers willing to use FinTech products
Eighty-two per cent of the Middle East banking customers are willing to start using FinTech products, but lenders are not…
Deloitte: 82% of Surveyed Banking Customers in the Middle East Willing to Start Using Fintech Solutions
Deloitte has just released its inaugural edition of the Middle East FinTech study to shed light on one of the…
Gulf Islamic banks’ profitability expected to be less affected by Covid: Kamco-Invest
The profitability and the topline of Islamic banks in the Gulf Cooperation Council are expected to be less affected by…
How Saudi Arabia has built new alliances
The world’s economic center of gravity has been moving inexorably eastwards for the past 50 years as the great trading…