Africa and Gulf Bank selects Path Solutions for strategic Islamic core banking implementation
In line with its new vision to fuel innovation, Africa and Gulf Bank in Sudan has signed an agreement with…
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QDB launches National Guarantee Program to support private sector
In implementation of the directives of Amir H H Sheikh Tamim bin Hamad Al Thani, to support and provide financial…
UAE central bank boosts anti-coronavirus stimulus to $70 billion
The United Arab Emirates’ central bank announced new measures to guarantee liquidity in the banking system in the face of…
Dubai Islamic Bank discloses Dh1.55 billion exposure to NMC
Dubai Islamic Bank on Sunday disclosed to the Dubai Financial Market that it has an approximate exposure of $424 million…
Asian investor cleared of laundering Dh278 million in UAE
The Ras Al Khaimah Misdemeanour Court of Appeal has cleared an Asian trader of laundering Dh278 million via three companies.…
UAE Central Bank Boosts Anti-Coronavirus Stimulus to $70 Bln
The United Arab Emirates' central bank announced new measures to guarantee liquidity in the banking system in the face of…
Kuwait to borrow $6.6bln for oil projects
State-owned Kuwait Petroleum Corporation intends to borrow nearly 2 billion Kuwaiti dinars ($6.6 billion) from local banks to fund its…
GELLIFY enters Middle East to provide investors, startups and corporates a new business platform
GELLIFY, a new innovation platform for the business community, opens a hub in Dubai Internet City. Aiming to provide the…
International Islamic Trade Finance Cooperation provides US$850 million for COVID-19 Emergency Interventions for Organization of Islamic Cooperation (OIC) Member Countries in Most Need
Societies and economies are being affected by the unprecedented and unpredictable nature of the COVID-19 pandemic. These include a major…
Firms given extra 6 months to implement seismic UAE regulation
The UAE’s Insurance Authority has decided to extend its commission capping regulation for six months. The succinctly-named Insurance Authority…
Aramco unit gives $2m to help fight virus
A Saudi Aramco unit has given $2 million to aid the fight against the coronavirus. Aramco Trading Company donated…
Kuwait central bank announces stimulus to support vital sectors, SMEs
Kuwait’s central bank announced a stimulus package on Thursday to support vital sectors and small and medium enterprises amid the…