QBA lauds Qatar’s crisis management on Covid-19
The Qatari Businessmen Association lauded the directives of His Highness the Amir Sheikh Tamim bin Hamad al-Thani to the Supreme…
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Finablr faces possible insolvency; central bank seizes UAE Exchange ops
Travelex-owner Finablr warned on Tuesday it was preparing for potential insolvency, while operations of its unit in the United Arab…
Dubai Holding and Meraas announce $270mln coronavirus relief package
DubaiHolding and Meraas Dubai has launched a 1 billion dirhams ($270 million) economic relief package aimed at supporting existing business…
Oman Insurance considers bid for AXA's Middle East operations
Oman Insurance Company is mulling a bid for the Middle Eastern operations of French insurer AXA, Bloomberg has reported. …
UAE stimulus will limit banks’ asset quality dip
A host of fiscal and monetary support schemes announced by the UAE government and Central Bank to support the economy…
National Bank of Egypt, Banque Misr keep interest rate of 3-year saving certificates unchanged
The National Bank of Egypt and Banque Misr decided on Tuesday to keep the interest rate on their three-year saving…
Dubai's DIFC appoints experts to oversee new employee savings plan
Dubai International Financial Centre has announced the appointment of the members of the supervisory board of its new Employee Workplace…
UAE Central Bank issues 'Dormant Account Regulation'
The Central Bank of the UAE has issued the “Dormant Accounts Regulation”, which intends at establishing a framework for the…
First Abu Dhabi Bank suspends some services amid coronavirus outbreak
First Abu Dhabi Bank has suspended some banking services at its branches across the UAE – including cash deposits –…
Six-Month Deferral On Instalments
Bahrain’s top bank yesterday deployed further regulatory measures and relaxations to cushion the pain inflicted by the coronavirus (COVID-19) on…
Business, but not as usual: a new era of more corporate responsibility?
The last few weeks have seen extensive turmoil as the ongoing Covid-19 outbreak sweeps across the world. While much of…
Qatar Central Bank lowers interest rates
Qatar Central Bank announced yesterday that it reduced its deposit rate by 50 bps to 1.00 percent, lending rate by…