Sukuk issuance seen recovering from COVID stress
Global sukuk issuance volumes are expected to recover and reach last year’s levels in 2020 despite the unprecedented stress from…
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Central Bank of Bahrain launches 'FinHub'
The Central Bank of Bahrain, in cooperation with the Bahrain Economic Development Board, Bank ABC, ila Bank, BENEFIT, National Bank…
UAE merges insurance authority with central bank
The UAE has taken a decision to merge the Insurance Authority with the central bank, His Highness Sheikh Mohammed bin…
Dubai Crown Prince launches AED500 million economic stimulus package
Under the directives of Vice President and Prime Minister of the UAE and Ruler of Dubai Sheikh Mohammed Bin Rashid…
Sarwa Capital, Amer Group to issue sukuk before year-end
Sarwa Capital and Amer Group will issue Sukuk before the end of the year, unnamed sources told Daily News Egypt.…
Why investors in the Middle East may have a head start in ESG investments
The interest in investment products with features related to ESG (environmental, social and governance) matters has grown exponentially during the…
QSE witnesses strong buying interests from domestic, foreign and Gulf funds
The Qatar Stock Exchange on Thursday witnessed strong buying interests from domestic, foreign and Gulf funds, even as it settled…
Turkey holds rates in a surprise decision
Turkey’s central bank bucked expectations for a big interest rate hike yesterday and sent the lira falling to a record…
RAKBank nine-month 2020 net profits down to Dh438.64m as provisions cross Dh1b mark
Third quarter profits at RAKBank were down to Dh132.02 million, from Dh284.48 million a year ago, with higher provisions being…
Central Bank of Bahrain launches fintech platform to drive innovation in Middle East
The Central Bank of Bahrain, in co-operation with the Bahrain Economic Development Board, Bank ABC, ila Bank, BENEFIT, National Bank…
Saudi Arabia Partners With the World Bank to Ensure No Nation Is Left Behind on AI
The World Bank and Saudi Arabia has announced a long-term partnership to accelerate the use of Artificial Intelligence (AI) in…
Largest Russian Bank to open office in Abu Dhabi
The largest commercial bank in Russia, Central, and Eastern Europe is on course to open an office in Abu Dhabi…