How investment in AI, robotics will impact Middle East economies
While most organisations are looking to adapt their businesses in the light of the 'digital' tsunami, the technologies that have…
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Qatar grants USD10 billion to Turkey to ease Lira's collapse
The central bank of Turkey has obtained USD10 billion from a currency swap agreement it made with Qatar, the analytical…
Retail industry witnesses transformational shift towards e-commerce globally
Dubai Future Foundation has launched its latest report titled ‘Life After COVID-19: Retail’. It showcases online retailers and e-commerce platforms…
Post-COVID-19 economic revival: Islamic finance can play a key role in GCC
Islamic finance social instruments could help countries navigate the economic turbulence wrought by the COVID-19 pandemic in core Islamic finance…
Abu Dhabi retains its top credit ratings with stable outlook
Credit rating agency Standard & Poor’s on Saturday retained Abu Dhabi’s credit rating at AA/Stable/A-1+ with stable outlook, after considering…
Shariah-compliant instruments can put the S in ESG
As regulators and policymakers around the world seek to establish a more sustainable, stakeholder-focused, and socially responsible financial system for…
EMEA fixed income investors bid on ESG for superior returns
Eighty percent of the fixed income investors in the Middle East, along with Europe and Africa, have sharply increased the…
France's Natixis enters Saudi Arabia to expand regional footprint
French lender Natixis has established a corporate investment banking office in Saudi Arabia, the biggest Arab economy, as it continues…
Fitch affirms National Bank of Ras Al-Khaimah at 'BBB+'; Outlook Stable
(The following statement was released by the rating agency) Fitch Ratings-London-28 May 2020: Fitch Ratings has affirmed National Bank of…
Lebanese MPs await IMF remarks on capital control law – MP
Lebanese lawmakers are awaiting recommendations from the IMF to include in a draft law which blocks capital transfers from Lebanon…
Turkey’s Central Boosts Short-Term FX Borrowing to a Record
The Turkish central bank brought its short-term borrowing of hard currency from local lenders to a record as it looked…
Accor cuts 800 jobs across the Middle East and Africa region
Hospitality group Accor has revealed it has made around 800 people redundant in the Middle East and Africa as COVID-19…