Comment & Analysis

Comment & Analysis

85% of banks to embed artificial intelligence by year-end in bid to streamline know-your-customer procedures

February 18, 2020

The Middle East and Africa's banking and finance industry spent $12.68 billion on information and communications technology in 2019, according…

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Comment & Analysis

Now Money offers banking alternatives for Mena's unbanked

February 18, 2020

According to the World Bank, in the Arab world stretching from Muscat to Casablanca, only eight per cent of adults…

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Comment & Analysis

Macroeconomic reforms vital to the revival of Egypt

February 18, 2020

In mid-2016, Egypt’s economy was teetering on the edge as investors shunned the country and entrepreneurs scoured the black market…

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Comment & Analysis

85% of Middle East Professionals Optimistic about 2020

February 17, 2020

A poll by Bayt.com spotlights the career goals MENA professionals are focused on this year.   The poll entitled ‘New…

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Comment & Analysis

UAE's commitment to women's empowerment has had an impact beyond the country's borders

February 17, 2020

UAE’s commitment to empowerment of women and girls is having an impact beyond the borders of the country, Her Excellency…

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Comment & Analysis

18 banks, financial companies record profits of AED46.47 billion in 2019

February 17, 2020

A total of 18 out of 19 national banks and financial companies registered in Emirati financial markets declared their financial…

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Comment & Analysis

FAB raises over Dh3b through bonds within 3 days

February 17, 2020

First Abu Dhabi Bank, the UAE’s largest bank has issued bonds worth over Dh3 billion via two separate public issuances…

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Comment & Analysis

UAE businessman calls for Israel to invest in his country

February 16, 2020

Amidst unprecedented normalisation of ties with Israel, prominent United Arab Emirates businessman, Ibrahim Ajami, has called for Israeli investors to…

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Comment & Analysis

Growth rate of new multimillionaires slows in the Middle East

February 16, 2020

The rate of new very high net-worth people in the Middle East slowed to just 1 per cent last year,…

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Comment & Analysis

Shroff claims he’s still the developer of Dubai’s Marina 101 project

February 16, 2020

Abu Ali Shroff, the founder of Sheffield Holdings Limited, claims he’s still the developer of the Marina 101 tower in…

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Comment & Analysis

Egypt’s Oldest Bank Taps Ripple Remittance Solution

February 14, 2020

The largest government-backed banking institution in Egypt, the National Bank of Egypt has announced the signing of a cooperation agreement…

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Comment & Analysis

UAE banks must stop using compliance as a weapon

February 14, 2020

The banking community must rethink its strategy on compliance. This over-indulgence with compliance is not going down well with customers.…

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