SoftBank's troubles deepen with warning of $16.7 billion writedown
SoftBank warned investors on Monday that the value of its technology fund may have dropped by as much as $16.7…
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QFC announces new measures to support its firms
The Qatar Financial Centre has announced new support measures, including the extension of deadline to file tax without incurring any…
Lebanon Economy to Shrink by Massive 12% This Year
The International Monetary Fund projected Tuesday that Lebanon's economy will shrink 12% in 2020 amid the country's worst economic and…
COVID-19: Dubai to cut property service charges this year
Dubai's property owners can look forward to paying lower service charges this year, as part of wider efforts to lower…
Avaloq and ACTICO expand strategic partnership to prevent financial crime
Avaloq is expanding its existing partnership with ACTICO. The two companies are integrating the ACTICO Compliance Suite into Avaloq's…
Economic downturn may see outflow of expats from GCC
Experts expect an outflow of expatriate workers from Gulf states as a result of the economic shock delivered by the…
Qatar National Bank awarded for use of iris
Qatar National Bank has been recognised for having the “Best Biometrics Initiative, Application or Program in Qatar” for its use…
Banks can't save Gulf economies
As the COVID-19 pandemic's economic damage continues, governments around the world are trying to intervene in the financial sector to…
#TogetherAgainstFraud: UAE launches fraud awareness campaign amid COVID-19 pandemic
UAE Banks Federation, the Central Bank of the UAE, Abu Dhabi Police, and Dubai Police have announced the launch of…
ADIB first Islamic bank to use Blockchain for trade distribution
Abu Dhabi Islamic Bank, a leading Islamic financial institution, has become the first Islamic bank to successfully execute trade finance…
IMF warns ‘vulnerabilities high’ in the Middle East hit with dual shock of coronavirus and oil plunge
The International Monetary Fund forecasts a dramatic contraction for Middle Eastern and North African economies this year, predicting a worse…
Reputation of financial advisers in the UAE deteriorates: MEIP report
The tenth edition of Middle East Investment Panorama (MEIP) was released today. The report includes findings from two separate surveys,…