German companies optimistic about investment in Saudi Arabia
The year 2020 will always be associated with the coronavirus. The effect on the worldwide economy is currently difficult to…
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GCC banks’ strong earning capacity to help them navigate current downturn
The strong earning capacity of banks in the Gulf will help them navigate the current downturn, S&P Global Ratings said…
Dubai’s CBD reports weaker first quarter profit on higher provisions
Commercial Bank of Dubai reported a 7 per cent drop in its first-quarter net profit as impairment allowances rose and…
Turkish government targets private banks during pandemic
The Turkish government's struggle to mitigate the economic damage from the COVID-19 outbreak has failed. It has now adopted a…
Apifiny Adds Arthur Wiseberg as Head of Institutional Sales, Europe Middle East and Africa, Bringing Experience from Huobi, Blackrock, and Barclays
Apifiny has announced a new key hire to lead its European market development. Arthur Wiseberg has joined Apifiny as Head…
World FinTech Report 2020
Capgemini and Efma has published the World FinTech Report 2020 revealing that despite a widening gulf between traditional banks on…
Yemen’s Fastest Growing Bank Selects Temenos
Temenos has announced that Yemen-based, Al Kuraimi Islamic Bank (KIB), has selected Temenos Infinity and Temenos Transact to replace its…
Fed policy lays the foundation for gold
Central banks lay the foundation for gold The moves by the US Federal Reserve since the COVID-19 crisis hit the…
UAE announces $5,500 fine for coronavirus fake news
The United Arab Emirates will fine people up to 20,000 dirhams ($5,500) if they share medical information about the coronavirus…
UAE’s Virtuzone launches free online marketplace for SMEs
UAE-based company setup firm Virtuzone has launched a new listings site, standtogether.ae, to support the SME community in the current…
Expired Emirates IDs will be valid for banking transactions in the UAE
The UAE Central Bank has instructed all banks in the country to consider expats’ visas and Emirates ID expired between…
Bahrain follows Saudi Arabia, Oman with budget cuts amid crisis
Bahrain became the latest nation in the oil-rich Gulf to announce drastic spending cuts, an effort to stretch the budget…