Saudi Arabia rises in world competitiveness rankings
Saudi Arabia has risen two places in the annual world competitiveness rankings calculated by the Switzerland-based International Institute for Management…
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COVID-19 will permanently change the way wealth managers deliver advice and serve clients in the Middle East
Covid-19 will fundamentally change the way the Wealth Management industry in the Middle East operates, according to a new report…
Dubai Economy, CBD offer banking services for traders
Dubai Economy and Commercial Bank of Dubai have joined hands to provide exclusive banking services for DED Trader licence holders.…
Islamic finance to grow at slower pace in 2020-21: S&P
The global Islamic finance industry will show at best stable total assets or low-single-digit growth in 2020-2021 after strong performance…
QNB Group and Mastercard undertake first successful international payment transaction in Sudan
QNB Group, the largest financial institution in the Middle East and Africa, becomes the first bank in Sudan to have…
Sharjah's Invest Bank to tap reserves to offset Dh.2.2b accumulated losses
Sharjah’s Invest Bank will dip into its reserves to offset the Dh2.2 billion in accumulated losses sustained by it. …
Islamic banking software market maintains strong growth momentum
The global market for Islamic banking software is poised to grow by $416.83mn over the period from 2020 to 2024…
New platform using data technology blockchain may boost GCC sukuks, says S&P report
The new platform for sukuk issuance and management using data technology blockchain could boost GCC issuance volumes over time, S&P…
Qatar Fintech Hub to Support Global Financial Services Providers with Establishing Operations in Middle Eastern Country
The Qatar Fintech Hub is planning to encourage and support multinational Fintech firms to establish operations in the Middle Eastern…
Kuwait Stocks Lead Gulf Losses as Banks Face Pressure: Inside EM
Most equity markets in the Gulf declined as investors remain cautious about the pace of the economic recovery, while volatility…
National Bank of Oman Named among Forbes’ Top 100 Companies in the Middle East
A testament to its position as a market leader and its growing global reputation, National Bank of Oman has been…
Turkey's Erdogan says Islamic economy can pull world 'out of crisis'
Turkey's President Recep Tayyip Erdogan on Sunday said Islamic economic system is the key to "getting out of crisis" as…