Banks in Egypt hedge against COVID-19 despite Q1 profit decline
Banks operating in Egypt are hedging against the expected repercussions of the novel coronavirus (COVID-19), by making provisions and increasing…
Coronavirus
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Dubai announces new economic stimulus package worth Dhs1.5 billion
Under the directives of Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed…
Abu Dhabi Islamic bank provides exclusive offers to healthcare workers
UAE’s Abu Dhabi Islamic Bank (ADIB) has launched a set of exclusive offers for healthcare professionals, as part of its…
Qatar Participates in Global Summit to Discuss Impact of COVID-19 on Global Economy
The State of Qatar, represented by the Ministry of Administrative Development, Labor and Social Affairs, participated in the virtual global…
$8bn blow to Erdogan as investors flee Turkey
Foreign capital is flooding out of Turkey in a massive vote of no confidence in President Recep Tayyip Erdogan’s economic…
Saudi Arabia spends more than $57 billion on coronavirus stimulus
Saudi Arabia spent more than SR214 billion ($57 billion) on 142 initiatives to tackle the impact of the coronavirus in…
Israel cenbank’s Abir says buying corporate bonds to prevent layoffs
The Bank of Israel’s decision to start buying corporate bonds should enable companies to issue debt and prevent further layoffs…
Al Salam Bank-Bahrain announces its virtual internship programme
An intensive career planning and development session, in partnership with the Bahrain Institute of Banking and Finance, is the…
Saudi banks witnessed improving profitability in Q1 2020 – A&M
Profitability at Saudi Arabia’s top banks improved during the first quarter of the year. However, the sector will face challenges…
DIFC Presidential Directive in response to COVID-19 ends on July 31
Dubai International Financial Centre on Wednesday said that the Presidential Directive announced in the last week of April in response…
Egypt's expats become opportunity for $61bn fund manager
Egyptian stocks have attracted the attention of Azimut Holding, with the $61 billion money manager targeting the North African country’s…
COVID-19 accelerates Bahrain banks' digital transformation.
Bahrain Association of Banks (BAB) stressed that the Bahraini banking and financial institutions were able, in a short period of…