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FinTech

FinTech Ripple chooses Dubai International Financial Centre for regional headquarters

November 9, 2020

Dubai International Financial Centre announced on Saturday that Ripple, the enterprise blockchain solution for global payments, has established its regional…

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FinTech

Banks in Qatar investing heavily to ensure safe online banking

November 9, 2020

Banks in Qatar are at the forefront in deploying new and cutting-edge technology to ensure safe online banking with the…

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FinTech

UAE eCommerce sector to continue upward trajectory as digital payments boom during COVID-19

November 9, 2020

· 61% are now using cards or digital wallets more to make payments online instead of opting for cash on…

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Regulation, Risk & Compliance

MEPCO renews $53.33mln loan deal with Saudi Bank Albilad

November 9, 2020

Middle East Paper Company  has extended a Sharia-compliant credit facility agreement worth SAR 200 million with Bank Albilad.   The…

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Financial Results

Banks’ credit witnesses growth in September

November 9, 2020

Rise in economic activity in the country has led to increase in credit offtake from banks.  The total domestic credit…

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Comment & Analysis

A guide to banking in Qatar

November 9, 2020

One of the biggest concerns when moving to another country is how to manage money. But with this helpful guide,…

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Regulation, Risk & Compliance

Dubai watchdog stiffens oversight after private equity failures

November 9, 2020

Dubai’s financial regulator has been stepping up scrutiny of firms to avoid a repeat of two high-profile failures in the…

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Comment & Analysis

PwC: Companies Need to Improve Working Capital Performance in the Middle East

November 9, 2020

Middle East companies need to act now and improve working capital performance in order to fare better on the road…

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Executive Moves

Bloom holding announces Walid el-Hindi as new CEO

November 9, 2020

With over 25 years of professional experience in the Real Estate Development Sector, Walid El-Hindi is joining Bloom Holding to…

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Islamic Finance

Al Rajhi Bank calls off merger talks with MIDF

November 9, 2020

Al Rajhi Bank said it ended and discontinued the merger discussions between its fully-owned subsidiary, Al Rajhi Banking and Investment…

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Comment & Analysis

Saudi SABB Takaful Q3 losses widen 108%

November 9, 2020

The net losses of SABB Takaful Co deepened by 108% year-on-year (YoY) during the third quarter (Q3) of 2020, reaching…

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Comment & Analysis

Kamco Invest cuts 9-month losses to $4.5mln

November 9, 2020

Kuwait-based Kamco Invest, a financial powerhouse, has posted a net profit of KD2.5 million ($8.15 million) in Q3 2020 (Q3…

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