Faisal Omar Alsaggaf, CEO, National Commercial Bank
On how Saudi banks are helping achieve the country’s broader goals To what extent has the outbreak of Covid-19…
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Saudi experts warn against investing in unlicensed projects
Experts have warned against investing in projects that have not been properly licensed. The warnings come after the authorities…
UAE central bank says GDP grew by 1.7% in 2019
The overall real GDP (gross domestic product) of the United Arab Emirates is estimated to have grown by 1.7 percent…
UAE banking sector remains resilient to global challenges
The UAE’s banking sector remains strong and resilient despite several challenges posed by global economic developments last year, according to…
Gulf Insurance Group acquires stake in yallacompare for $4.25 million
yallacompare.com, one of the Middle East’s leading finance comparison site, has been funded by Kuwait’s Gulf Insurance Group (GIG) with…
Kuwait Finance House replaces CEO
Kuwait Finance House said on Monday that its board of directors unanimously decided to remove Mazin Saad Al-Nahedh as CEO…
MEA Retail Banks are the Strongest Believers in a Cashless Society, Prioritizing Digitalization to Drive Financial Inclusion: Study
6 in 10 banking executives in the Middle East and Africa (MEA) think cash will dip below 5% of retail…
Saudi's Al Moammar Information Systems signs $77mln Islamic loan
Saudi Arabia’s Al Moammar Information Systems (MIS) signed an Islamic facility agreement with Riyad Bank for 290 million Saudi riyals…
Senior appointment at Nedbank
Nedbank Private Wealth has appointed a new head of wealth management. David McFadzean will be responsible for spearheading business…
Abu Dhabi said to shelve sale of $2bn private equity book due to coronavirus
The Abu Dhabi Investment Authority is delaying the sale of $2 billion in private-equity fund stakes after the outbreak of…
RAKBank reports Dh153.5m first quarter 2020 net profit
The National Bank of Ras Al-Khaimah on Sunday reported a consolidated net profit of Dh153.5 million for the first quarter…
Coronavirus impact: E-commerce businesses grow faster in Dubai
Dubai Economy on Saturday announced that 943 'DED Trader' licences were issued in the first-quarter of 2020, an increase of…