Muddy Waters founder calls new NMC Health debt 'a massive fraud'
NMC Health uncovered $2.7 billion of debt hidden from its board that was used for unknown purposes, tipping the troubled…
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UAE Central Bank to support banks in Covid-19 impact
The Central Bank of the UAE has confirmed their preparedness to support the banking system in mitigating the downside risk…
Cavendish Maxwell boosts UAE ops with Sharjah office
Cavendish Maxwell has announced the opening of a new office in Sharjah, further expanding its offerings into the Northern Emirates.…
NBI upgrades its digital capabilities with Backbase’s banking platform
National Bank of Iraq has completed the first stage of its digital upgrade with Backbase, a digital-first banking software provider.…
Bahrain Islamic Bank installs self-service kiosks
Bahrain Islamic Bank has installed new self-service kiosks. Developed by the bank’s employees at the in-house Innovation Lab, the…
Fiorano drives digitalization at Credit Agricole with flexcube core banking system integration
Fiorano Software has announced that Crédit Agricole, Egypt has implemented the Fiorano Hybrid Integration Platform to reduce time and cost…
Banque Havilland Investigated by FCA Over Qatar FX Manipulation
David Rowland’s Banque Havilland SA faces investigations by Britain’s financial regulator over its role in what the Qatari government has…
Top 10 Fintech startups in Middle East and UAE
With the Middle East and UAE driven to achieve its National Innovation Strategy, Business Chief Middle East takes a look…
EY: Five MENA IPOs raise US$30.0b in Q4 2019
According to the EY MENA IPO Eye Report, IPO deal value in the MENA region witnessed a sizeable increase during…
Sovereigns under threat by COVID-19 and oil price shock – Fitch
Sovereign credit fundamentals and ratings already under pressure from the coronavirus outbreak may be further hit by the oil price…
ADCB's new platform aims to help businesses expand worldwide
Abu Dhabi Commercial Bank has unveiled its Trade Booster platform that helps identify businesses looking to trade goods internationally. …
Emaar to stop taking bookings at three Dubai hotels as Covid-19 hits demand
Dubai-based Emaar Hospitality will stop taking bookings at three hotels in Dubai starting next week, it was reported on Monday.…