Kuwait runs into resistance on bill to boost borrowing
A draft law allowing Kuwait’s government to tap local and international debt markets is unlikely to be supported by lawmakers…
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Kuwaiti banker faces arrest in Switzerland over $850m probe
A wealthy Kuwaiti businessman staying in London faces arrest if he travels to Switzerland for allegedly stealing nearly $850 million…
Dubai expatriates race for new jobs after virus layoffs
Mustafa, a hipster Pakistani graphic artist, has a month to find a new job or be forced to leave Dubai…
Middle East wealth funds hunt for bargain deals from COVID-19 sell-offs
Sovereign wealth funds in the Middle East are likely to make further investments outside the region as asset prices have…
Diebold Nixdorf Delivers Next-Generation Financial Journeys To BankDhofar's Customers
Diebold Nixdorf has announced that BankDhofar will begin implementing the DN Series™ self-service solution to deliver best-in-class customer experience across…
Faisal Islamic Bank's profit down 54% in Q1 2020
The consolidated financial results of Faisal Islamic Bank of Egypt showed a 53.6% year-on-year drop in its net profits to…
UAE advice firm to open Portugal office
UAE-headquartered advice group AHR Private Wealth has said the firm is planning to expand its operation with an office in…
QNBFS to start liquidity provision service for QIB on July 23
QNB Financial Services a financial brokerage subsidiary of QNB, will start liquidity provision activity for Qatar Islamic bank from Thursday…
Qatar has lowest ‘2020 central government deficit-to-GDP ratio’ in GCC, says S&P
Qatar has the lowest “2020 central government deficit-to-GDP ratio” in the GCC at 10%, S&P Global said and noted fiscal…
Blockchain poised to shape UAE's digital future
Blockchain technology is poised to shape the UAE's future as the nation adopts its digital economy agenda. Businesses have realised…
Mutasem Dajani succeeds Omar Fahoum as Deloitte's ME boss
Deloitte has appointed company veteran Mutasem Dajani as its new Chief Executive Officer for the Middle East. Dajani succeeds…
BCG Global Wealth Report 2020: 54.5 percent of the Kindom of Saudi Arabia's wealth in 2019 headed by millionaires
The 20th annual study of global wealth management conducted by Boston Consulting Group has taken a 20-20 view of the…