First Abu Dhabi to redeem $750 mln in perpetual bonds -filing
First Abu Dhabi Bank intends to redeem its $750 million Additional Tier 1 (AT1) bonds on their first call date,…
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Lebanon removes banking secrecy rules to fight corruption
Lebanon’s parliament approved on Thursday a law to remove decades-old banking secrecy rules in order to better fight rampant corruption…
Saudi banks face tough few quarters but are well capitalised, say CEOs
Saudi Arabia’s banks face a tough few quarters as the coronavirus crisis and weak oil prices put pressure on profitability…
Saudi billionaire prince sells iconic Norfolk in Sh2.8bn deal
Saudi billionaire Prince Al-Waleed bin Talal has sold his stake in the troubled Fairmont The Norfolk and Fairmont Mara Safari…
Bahrain’s banking sector posts 1.8% growth
Bahrain’s banking sector saw positive results in 2019, with an average 1.8 per cent year-on-year real growth in 2019 and…
QFC hosting series of digital events to widen digital reach to clients, businesses
The Qatar Financial Centre is hosting a series of digital events both independently and with partner organisations in an effort…
Qatar is now a self-sufficient nation in different sectors'
The economic blockade has transformed Qatar into a self-sufficient nation in different sectors, such as in the manufacturing and agriculture…
Five steps for GCC countries to resume their economies post Covid-19
The Covid-19 pandemic has altered the landscape worldwide. The GCC states are no different as they continue to reel…
Emirati unemployment in UAE stands at over 12,600
A call has been made to introduce unemployment benefits for Emiratis after it was revealed that 12,653 UAE nationals are…
VIDEO: COVID-19 has forced insurance companies to go digital in the UAE
The insurance sector has been ripe for disruption for some time. Most insurance companies in the UAE have yet to…
UAE Government's TRA responds to 77,000 cyber-attacks in April
The Telecommunications Regulatory Authority responded to 77,000 cyber-attacks in the UAE Federal Government during May – more than double the…
Worst may be over for biggest Arab economies as businesses adapt
Business conditions in the Arab world’s three largest economies deteriorated at a slower pace in May as governments began to…