Dubai’s Emirates NBD posts 24% fall in net profit for Q1 2020
Dubai’s Emirates NBD posted a 24 per cent year-on-year (y-o-y) decrease in its first quarter net profit, it announced on…
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Kuwait sees 9% higher foreign reserve in February
The total value of Kuwait's foreign reserves rose by 8.57% year-on-year (YoY) to KWD 12.42 billion ($39.96 billion) in February…
UAE’s rental app aims to take landlords entirely online
A mobile app for renting homes in the UAE has launched a digital landlord dashboard that aims to provide data…
Deadline for submitting VAT returns extended in UAE
The Federal Tax Authority on Tuesday issued a directive on an exceptional basis providing an alternative date of May 28,…
GCC corporate earnings to take a hit from coronavirus outbreak
GCC corporate earnings will be negatively impacted in the first half of the year as businesses and the economy have…
DFSA welcomes Regulatory Sandbox applications for its 2020 Summer Cohort
DFSA supports the future of finance through innovation and Dubai’s SMART Initiatives The Dubai Financial Services Authority invites applications from…
Al Salam Bank-Bahrain contributes over USD 1 million to combat the spread of COVID-19
Al Salam Bank-Bahrain announced a contribution of USD 1 million to the “Feena Khair” (“There is good in us”) campaign…
Saudi Real Estate Refinance Co expects only temporary mortgage slowdown
Saudi Real Estate Refinance Co, the Saudi equivalent of U.S. mortgage finance business Fannie Mae, expects a temporary slowdown in…
Oman Arab Bank gets regulatory nod for Alizz bank merger
Oman Arab Bank is set to proceed with its merger with Alizz Islamic Bank after securing regulatory approval for the…
Aldar teams up with banks to offer low interest rate home finance
Aldar Properties is partnering with banks in Abu Dhabi to offer home finance at low interest rates at some of…
Newcastle owner Mike Ashley to bank £17m even if Saudi-funded takeover collapses
Newcastle United owner Mike Ashley could earn up to a staggering £17m even if the proposed sale to a Saudi…
Ramadan: how to do business in the Middle East during the holiest month
Cultural awareness is recommended whenever you’re doing business outside of your home country or with people from different backgrounds -…