UAE, Saudi central banks roll out $40 billion stimulus for virus-hit economies
The central banks of the United Arab Emirates and Saudi Arabia, the two largest Arab economies, on Saturday announced stimulus…
Regulation, Risk & Compliance
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Ithmaar Bank encourages customers to bank online, help contain the Coronavirus (COVID-19) virus
thmaar Bank yesterday (ed note: 15/03/2020) encouraged its customers to bank online so as to help contain the Coronavirus (COVID-19)…
KPMG: Saudi Arabia's banking sector resilient despite economic headwinds
KPMG has released the first edition of its Kingdom of Saudi Arabia Banking Perspectives 2020 report, and based on the…
Abu Dhabi Securities Exchange temporarily closing Trading Halls
Abu Dhabi Securities Exchange has announced to the investor community that the Exchange is temporarily closing its trading hall in…
Across Middle East, efforts to stop virus shake up daily life
Across the Middle East, efforts to stop the coronavirus were shaking up daily life, with countries restricting travel,postponing elections and…
Starved of dollars and drowning in debt, Lebanon’s economy sinks fast
After importing medical supplies to Lebanon for 20 years, Hassan Hamdan shut his business in December. Sales were plummeting,…
Saudi Arabia Announces $13 Bln Coronavirus Financing Package
Saudi Arabia's central bank said on Saturday it had prepared a 50 billion-riyal ($13 billion) package to help small and…
Banking Challenger Moven Partners STC Pay to Introduce New Banking Service for Young People in Saudi Arabia
Two Fintech companies are teaming up to develop a new banking service for young people living in Saudi Arabia, who…
Coronavirus infections continue to rise in Middle East
Governments in the Middle East and the rest of the world have taken more precautionary measures to combat the spread…
SAMA unveils SR50bn economic stimulus package to offset coronavirus impacts
The Saudi Arabian Monetary Authority unveiled an SR50 billion economic stimulus package to support the private sector, especially the small…
UAE Central bank’s Dh100b support to lift liquidity and lending of banks
The UAE Central Bank’s decision to support the UAE banking system through an extraordinary Dh100 billion stimulus package is expected…
Mideast Joins Global Stimulus With $47 Billion to Fight Crisis
Three of the biggest Arab economies pledged almost $47 billion in stimulus to limit the economic damage of the coronavirus…