Jordan finance minister says IMF approves $1.3bn reform program
Jordan’s finance minister said on Wednesday the IMF had approved a four-year, $1.3bn funding program that signalled confidence in the…
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KFH-Bahrain defers payment of installments without charges for six months
Kuwait Finance House – Bahrain has announced postponing the personal financing installments for all Bahrainis and residents’ individual clients and…
Abu Dhabi banks announce 17 financial initiatives for the community and businesses
The Abu Dhabi Government has unveiled a comprehensive package of financial incentives, in line with the directives of His Highness…
Gulf dollar bonds rally as global markets rebound
Gulf bonds posted further gains on Wednesday as global markets rebounded on news of a $2 trillion U.S. fiscal stimulus…
Qatar banks to delay loan installments for six months for virus-hit sectors-central bank
Qatar's central bank approved the postponement of loan installments and interest for six months for sectors affected by the coronavirus…
Critical illness cover will protect UAE expats hit by covid-19
As the coronavirus pandemic takes its toll all over the world, expats in the UAE will be relieved to know…
UAE banker to open investment management venture
Skycap Investment Management has been soft-launched in the UAE by its founder and chief executive Saikat Kumar. From its…
Gulf countries pledge over $120bn stimulus to combat corona fallout
Six members of the Gulf Cooperation Council have pledged over $120 billion to help their economies fight the impact of…
Salama Insurance achieves AED 55 million net profit in 2019
Islamic Arab Insurance Company has announced its audited financial results for the year ended 31 December 2019, reporting a net…
Covid-19: Saudi delivery app raises funds as virus lockdown boosts demand
A grocery delivery app in Saudi Arabia has raised funds to expand across the Middle East as lockdown measures related…
COVID-19: UAE Central Bank directs banks to replenish ATMs with new banknotes, disposable gloves
The Central Bank of the UAE has directed banks to replenish ATMs with new banknotes of all denominations and to…
National Bank of Fujairah appoints Dr Raja Al Gurg as new Deputy Chairperson
National Bank of Fujairah PJSC has appointed Dr Raja Al Gurg, vice-chairperson and managing director of the Easa Saleh Al…