Oracle opens its first data centre in the Middle East
Oracle opened a data centre in Abu Dhabi, its first in the Middle East, to offer cloud storage to customers…
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Qatar shares extend losing streak on foreign institutions
Foreign institutions on Thursday turned profit takers to extend the bearish run on the Qatar Stock Exchange to the third…
Kuwait bank taps TrueConf for virtual banking system
Commercial Bank of Kuwait deployed TrueConf’s video banking system to connect 68 remote bank branches with headquarters and enable communication…
Loans just got cheaper in India as RBI cuts repo rate
The repo rate cut of 25 basis points announced on Thursday by the Reserve Bank of India - the first…
Barclays banker made Qatar PM wait – so as not to look desperate, court hears
A former Barclays banker said he pretended to be busy to avoid appearing panicked while negotiating a £2 billion ($2.6…
Middle East investors retreat from western property deals
Middle Eastern investment into western commercial property fell more than a third last year as lower oil prices and concerns…
Ajman Bank Wins The Best Emiratization CEO Award
The award was bestowed on Mr. Mohamed Amiri in recognition of his vision, leadership and achievements towards Emiratization at Ajman…
Cost of living to decline in UAE on falling rents, lower oil
Inflation in the UAE is set to decline substantially this year, thanks to falling rents, lower oil prices, strengthening dirham…
HSBC Qatar appoints Omar al-Ansari as head of Retail Banking and Wealth Management
HSBC Qatar has announced the appointment of Omar al-Ansari as head of Retail Banking and Wealth Management in Qatar. …
QIIB honours four employees for exceptional performance
QIIB honoured four employees for their exceptional performance during 2018 in the quality of service provided and meeting customers’ requirements…
Dubai Islamic Bank marks listing of $750m bond
Dubai Islamic Bank on Wednesday marked the listing of a $750 million sukuk — or Islamic bond — on the…
Central Bank of Kuwait to appoint independent Shari’ah Supervisory Board
Kuwait’s central bank is working on a draft law which will allow it to appoint an independent Shari’ah Supervisory Board,…