Bank of Sharjah announces financial results for the period ended 31 December2019
Bank of Sharjah P.J.S.C has announced the results of the year ended 31 December 2019. The following Management Discussion…
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Saudi Payments and Discover sign network alliance agreement
Discover and Saudi Payments signed a strategic agreement that will increase the global acceptance footprint for both organizations. The…
A deep dive into Turkey’s latest credit boom
Turkey’s credit boom that started towards the end of last year has been turbocharged in recent months and this should…
UAE provided financial facilities worth Dhs5.8bn to non-profit organisations in Q1 2020
The Central Bank of the UAE has said that the value of financial facilities provided to non-profit organisations and the…
FinTech can help the Islamic finance sector to innovate and grow
FinTech has spurred the evolution of the Islamic finance industry over the last year. It helps to address a need…
Real estate payments using Bitcoin on the rise in Dubai
The use of Bitcoin for real estate transactions is rising in Dubai, but it takes a complex system of middlemen…
COVID-19 headwinds to hurt Saudi banks’ profitability
Saudi Bank’s profitability that witnessed improvement in the first quarter of 2020 is likely to be impacted by COVID-19 headwinds…
Dubai Startup Hub and Dtec select winners for phase one of EDP
Dubai Startup Hub, an initiative of Dubai Chamber of Commerce & Industry, and Dubai Technology Entrepreneur Campus have selected the…
One fifth of Middle East bank holders now use FinTech solutions
A Deloitte survey across nine key markets in the Middle East has found that despite a growing willingness to adopt…
$8bn blow to Erdogan as investors flee Turkey
Foreign capital is flooding out of Turkey in a massive vote of no confidence in President Recep Tayyip Erdogan’s economic…
Saudi Arabia spends more than $57 billion on coronavirus stimulus
Saudi Arabia spent more than SR214 billion ($57 billion) on 142 initiatives to tackle the impact of the coronavirus in…
Israel cenbank’s Abir says buying corporate bonds to prevent layoffs
The Bank of Israel’s decision to start buying corporate bonds should enable companies to issue debt and prevent further layoffs…