OAB launches first-of-its-kind Innovation Lab in Oman
Oman Arab Bank announced the launch of the first-of-its-kind Innovation Lab in the banking sector at a press conference. …
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Precautions taken to limit covid-19 impact in Oman
The Central Bank of Oman issued a number of directives to all licensed banks and financing leasing companies operating in…
NBE, Banque Misr pump LE 3 billion to boost bourse: offical
The National Bank of Egypt and Banque Misr will pump 3 billion pounds to boost the Egyptian Exchange through their…
UAE to cancel all pre-approved visas – reports
The UAE has cancelled all new visas issued prior to March 17 and suspended the entry of those visa holders,…
UAE eases restrictions on internet calls to contain virus
The United Arab Emirates lifted restrictions on some programs that allow voice calls over the Internet for companies on a…
Covid-19 in UAE: Employer should pay salary if an employee is put in quarantine
The UAE-based companies that are asking their employees to be in quarantine after returning from leave are obliged to pay…
Rothschild Foundation donates NIS 50 million to boost hospitals’ virus battle
The Edmond de Rothschild Foundation said Thursday it was donating NIS 50 million ($13.4 million) to help Israeli hospitals combat…
Gulf markets hammered by oil price plunge and virus shutdowns
Gulf stock markets have plunged to multi-year lows despite massive stimulus spending as the region has suffered the double blow…
Banking and property stocks propel UAE markets
Abu Dhabi’s main stocks index was up 8.4 per cent on Thursday, driven by gains at some of the powerhouse…
Bank of Bahrain and Kuwait launches bulk deposit machines
BBK has announced the launch of bulk corporate deposit machines that allow corporate clients to deposit up to 230 notes…
Fitch Rtgs: COVID-19 Poses downside risks to Egyptian banks
Egyptian banks, which were set to enter into a credit expansion cycle in 2020-2021, will be hit by the outbreak…
Al Salam bank AGM approves dividend distribution of 8% of paid up capital
Shareholders of Al Salam Bank-Bahrain (ASBB) (Bahrain Bourse Trading Code “SALAM”, Dubai Financial Market Trading Code “SALAM_BAH”) approved in their…