National Bank of Fujairah underscores focus on Emiratisation
The National Bank of Fujairah, NBF, has reiterated its support for the development of local talent through its participation in…
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Saudi private sector credit continues uptrend
Credit to Saudi Arabia’s private sector rose 7.6 per cent year-on-year (y-o-y) in December 2019, which is the highest growth…
How Abu Dhabi property prices, rents fared in 2019
Average Abu Dhabi property values have fallen by 11 percent during 2019, according to new figures released by consultancy ValuStrat.…
Kuwait plans to lay off 25,000 expatriates, replace them with citizens
Chairman of Kuwait's parliamentary manpower committee MP Khalil Al-Saleh has spoken about a plan to lay off 25,000 expats and…
Rise of robots: Most UAE residents fear they will be out of work in ten years
The majority of workers in the UAE and the rest of the Gulf Cooperation Council states fear losing their jobs…
Saudi central bank shrugs off weaker growth forecast as tourism sector heats up
The opening up of Saudi Arabia’s tourism sector will boost the country’s growth outlook and protect the economy from a…
First REIT launched in the UAE to support 'green' investment
Masdar, a subsidiary of Mubadala Investment Company, has announced the launch of a sustainable real estate investment trust (REIT), the…
Lebanon central bank chief says $1bn sent abroad
The governor of Lebanon's central bank said Thursday that $1 billion had been transferred out of the country, despite tight…
Saudi SAMA launches licenses for non-bank financial institutions -statement
The Saudi Arabian Monetary Authority (SAMA) issued licenses for non-bank financial institutions in the Kingdom for the first time on…
Central Bank of Egypt pilots e-KYC solution for financial inclusion
The Central Bank of Egypt has completed the testing phase of a new electronic know-your-customer (KYC) and has launched a…
French experts expected in Seychelles to examine tax haven blacklist issue, president says
Two French experts are expected to travel to Seychelles to see what authorities are doing following France's decision to put…
Commercial Bank posts 21% year-on-year jump in net profit to QR2.02bn
The Commercial Bank Group has reported a 21% year-on-year jump in net profit to QR2.02bn in 2019 and suggested a…