UAE brokers face drastic drop in commissions after new rules on life insurance policy sales
Insurance brokers in the UAE will take a deep hit on their revenues with a new commission payment structure coming…
Trading, Broking & Stock Exchanges
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Al Masraf accepts the resignation of its CEO
The Arab Bank for Investment and Foreign Trade has announced that the Bank’s board of directors accepted the request for…
Major Gulf markets dip as financials decline
Major stock markets in the Gulf fell in early trade on Thursday, hurt by losses in banking shares, with Dubai…
Global countries’ economic outputs painful but uneven. How will the UAE fare?
The International Monetary Fund is downgrading its forecasts for next year, and warning of a long, slow recovery that will…
VAT will shore up Oman’s economy
Economic analysts in Oman have welcomed the decision to impose Value Added Tax (VAT) in the Sultanate, as it will…
Bahrain Development Bank selects TCS BaNCS Global Banking platform
Tata Consultancy Services has announced that Bahrain Development Bank has selected its TCS BaNCS Global Banking Platform for its transforming…
National Bank of Bahrain transforms its treasury operations with Fusion Kondor
To help Bahraini businesses thrive, the National Bank of Bahrain embarked on an ambitious plan to expand its treasury activities.…
IIFM Publishes Ijarah Sukuk Standards
The International Islamic Financial Market has announced the publication of its Sukuk Al Ijarah Standard Documentation Templates. The suite…
ICE to launch ADNOC’s Murban oil futures early in 2021
Intercontinental Exchange said on Monday it planned to launch ICE Futures Abu Dhabi (IFAD) and trading in Murban futures contracts…
Qatar to thrive as world’s top LNG exporter well into next decade: Apicorp
Qatar is expected to maintain its title as the world’s top LNG (liquefied natural gas) exporter well into the next…
Saudi gold ETFs attract $28.9mln in first 9 months of 2020: World Gold Council
Gold-backed exchange-traded funds in Saudi Arabia experienced strong inflows this year, mirroring a trend seen in the broader global market.…
Turkey, Africa seek stronger post-pandemic partnership
The Turkey-Africa Economy and Business Forum last week was the latest example showcasing the value Turkey attaches to countries across…