Oman central bank eases capital, lending curbs in bid to spur growth
Oman’s central bank announced on Tuesday its biggest package of regulatory reforms for commercial banks in years, relaxing capital and…
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Gulf helps Mayfair regain London property top spot
Mayfair luxury apartments were priced on average at £2,378 per square foot last year, six percent higher than those in…
ADFG takes stake in 500 Startups
Abu Dhabi Financial Group has acquired a “strategic stake” in Silicon Valley-based venture fund and accelerator 500 Startups. The…
Corporate governance: Someone to watch over me?
Long considered to be an afterthought or a cosmetic gesture at Gulf companies, corporate governance is now being taken more…
The rise of Muslim Millennials and what it means for Islamic finance
As time goes by, a new breed of young consumers has entered the stage, a generation with attitudes, behaviours, preferences…
Reason logic in tax on expat remittances
The Finance Committee of the National Assembly has approved the draft law on the taxation of expatriate transfers without serious…
NBO partners with Axis Bank to offer banking services to NRIs
To address the financial needs of non-resident Indians (NRIs) residing in or moving to the Sultanate, the National Bank of…
UAE bank credit to industries hits $2bn in two months
Lending by UAE banks for industrial and business operations amounted to Dh7.4 billion ($2 billion) during the first two months…
GCC bank profits showed resilience in 2017 even as revenues fall sharply
GCC banks weathered the storm of slower revenue growth last year, posting 6 per cent profit thanks to lower costs,…
Bahrain accuses shuttered bank of busting Iran sanctions
A former Iranian bank has been accused by the Bahraini government of operating a covert corruption scheme that allowed Tehran…
Qatar Central Bank says reserves ‘more than enough’ to cope with blockade
The Governor of the Central Bank of Qatar, Sheikh Abdulla Bin Saoud Al-Thani, has said that the bank’s reserves and…
Qatar's market manipulation fears fueled by 'abnormal' derivative moves: bank CEO
Qatar’s top bank QNB is helping the country’s authorities with data and expertise to probe if Qatar’s neighbors manipulated its…