Abu Dhabi's ADCB to lay off 400 employees, sources say
Abu Dhabi Commercial Bank (ADCB) is letting go hundreds of employees, sources said, the latest in a round of lay-offs…
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Oman picks FAB and Bank Muscat to arrange $2bln loan – sources
The government of Oman has picked First Abu Dhabi Bank and Bank Muscat to coordinate a $2 billion bridge loan…
Global equities likely to remain volatile as rising number of new cases could potentially impact the pace of economic recovery
Global equity markets closed in negative territory during the week on the back of worsening bilateral relations between the US…
Jordan's Arab Bank group H1 net profits drop 66%
Jordan's largest lender, Arab Bank Group, reported on a 66% year-on-year drop in first-half net profit to $152.1 million as…
GCC economic recovery to be slow and gradual in 2020-21
The rapid spread of the coronavirus has fundamentally changed the global economic environment and a recovery is going to be…
Lebanon central bank governor inflated assets as liabilities grew, says audit
Lebanon’s central bank governor inflated the institution’s assets by over $6bn in 2018, its audited annual accounts show, underlining the…
Dubai’s real estate sector records transactions worth Dhs72.5b in H1
Dubai’s real estate market witnessed transactions worth Dhs72.5 billion in the first half of 2020, despite the impact of the…
NBK Provides 24/7 Concierge Service to Its Customers
Concierge includes a wide range of services that reflect our care for the convenience of our Premium Banking Customers National…
Saudi's Taiba Investments secures $361.8mln financing from Al Bilad Bank
Saudi Arabia’s Taiba Investments Company signed a 1.357 billion Saudi riyals ($361.8 million) Islamic financing agreement with Al Bilad Bank.…
Beehive creates a buzz with Saudi lending platform
A new financing website for small businesses has been launched in Saudi Arabia. The Kingdom’s Social Development Bank and…
Commercial Bank wins 'Excellence in Leadership in Middle East' award from Euromoney
Commercial Bank has won the “Excellence in Leadership in the Middle East” award at the Euromoney Magazine Awards for Excellence…
Dubai-China FinTech agreement brings new opportunities for DIFC
Dubai International Financial Centre has signed a Memorandum of Understanding with Jiaozi Fintech Dreamworks, one of China’s first Fintech innovation…