IMF calls for "strong" fiscal consolidation in Kuwait
The International Monetary Fund said on Thursday Kuwait would need strong fiscal consolidation to support growth after its finances were…
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More than QR783m volume of real estate transactions during past week
The volume of real estate transactions in sales contracts registered within the Real Estate Registration Department at the Ministry of…
Middle East warms up to digital commerce
The events of the past year have driven a massive boom in online spending, a trend that is expected to…
Saudi Arabia based Fintech Prexle Secures $670K via Seed Round, Company Offers Cloud based POS Services
Saudi Arabia-based Cloud-enabled Point-Of-Sale startup Prexle has reportedly finalized its seed funding round which is valued at 2.5 million Saudi…
Nigeria joins Middle East’s Digital Cooperation Organization at first meeting
Nigeria and Oman have joined the Digital Cooperation Organization (DCO) at its first meeting in Riyadh this week, joining Bahrain,…
Review of Banking and Monetary Developments –…
Data issued by the Central Bank of Oman indicated that the total deposits held with ODCs registered a Y-o-Y growth…
Turkish central bank holds rates, drops policy pledge under new chief
Turkey’s central bank held rates steady at 19 percent as expected on Thursday and dropped a pledge to tighten policy…
Citi to close retail banking in Bahrain, India, China
Citigroup has said it will close retail banking operations in 13 countries across Asia and parts of Europe, including Bahrain,…
UAE: Unbundling how much money goes into launching a business in Dubai
The costs that go into establishing and registering a business in Dubai vary a lot depending on the type of…
G20’s missed opportunity
This month, G20 finance ministers agreed to a proposal to issue $650 billion worth of the International Monetary Fund’s reserve…
Qatar shares outperform as cap on foreign ownership removed
Major Gulf stock markets registered sharp gains on Thursday, boosted by financials, with Qatar outperforming the region after it approved…
Dubai Islamic Bank successfully closes lowest-ever pricing on an AT1 issuance from the GCC
Dubai Islamic Bank PJSC, rated A3 by Moody's and A by Fitch today successfully priced a landmark USD 500 million…