PropTech revolution takes over property deals and financing in UAE
The global property technology revolution has arrived in the UAE, with more than two-thirds of UAE home buyers turning to…
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Abu Dhabi financial hub reveals new disputes body
Abu Dhabi Global Market is pleased to announce the establishment of an arbitration hearing centre on Al Maryah Island by…
Saudi foreign reserves rise in June for first time in a year
The Saudi Arabian central bank's foreign reserves, which the government has been liquidating to cover a budget deficit caused by…
Dubai's Mashreq bank sees drop in demand for Qatar business
Mashreq, Dubai's third-largest bank by assets, has seen a drop off in demand for business in Qatar since a dispute…
Bahrain sends RFP for US dollar bond and sukuk issues
Bahrain has sent out a request for proposals to banks to arrange issues of US dollar-denominated conventional bonds and sukuk,…
Hoyer re-appointed as President of European Investment Bank Group
Werner Hoyer is going to lead the European Investment Bank for another six-year term, starting January 1st, 2018. He…
UAE asks banks to freeze accounts of those named on Qatar-linked blacklist
The United Arab Emirates' central bank has asked all banks and financial institutions to stop dealing with 18 more individuals…
Qatar’s cyber security framework enhanced through regulatory reforms
The malicious use of Information and Communication Technologies in cyberspace could disrupt financial services, undermine security and confidence and endanger…
Kuwait Finance House and Mastercard launch innovative Mobile Wallet Payment Service
Kuwait Finance House, the world’s leading Islamic financial institution and Mastercard, a leading technology company in the global payments industry,…
Meethaq to provide Islamic finance to OMPC
Oman-based Meethaq, the Islamic banking unit of Bank Muscat, recently signed an agreement to provide Islamic finance to the Oman…
NCB’s net income up 1% in H1
The National Commercial Bank announced that net income for the first half 2017 reached SR5,120 million compared to SR5,068 million…
Qatar’s banking system witnesses double-digit deposit growth since end-2016: says NBK report
Qatar’s banking system has witnessed double-digit deposit growth since last December as oil prices have firmed up over that period,…