Saudi's private wealth expected to be highest in GCC over next five years
Private wealth growth in the Kingdom of Saudi Arabia witnessed a slight increase in 2016 (3.1 percent). It continues to…
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Blockchain and the Birth of a New Financial Instrument
The Emirates Islamic Bank's announcement last week that it was planning to integrate blockchain technology with paper checks may have…
Middle East private wealth set for strong growth to reach $12 trillion
Over the next five years, wealth in the Middle East and Africa region is set to reach $12 trillion, according…
Bahrain’s central bank creates fintech testing environment
The Central Bank of Bahrain has announced regulations that will enable the creation of an environment where financial technology firms…
Dubai Islamic Bank launches “DIB Express Transfer” an instant remittance solution to India
Its new service ‘DIB Express Transfer’ guarantees that funds can be wired to any ICICI bank account in India within…
QIB unveils fast track programmes for Qataris
Qatar Islamic Bank has launched two fast track career development programmes for Qatari fresh graduates. The programmes are supported…
Blocking Assets To Secure Debt in the UAE
The Creditor’s Dilemma Collecting outstanding debts can be not only a frustrating experience but also costly. The options available…
Dubai: Aadhaar card not mandatory for NRIs for financial, I-T transactions
To boost its drive against tax evasion and unaccounted transactions, the central government recently authorised the mandatory linking of Aadhaar…
‘Mideast millennial business owners driven by desire to have positive impact on society’
Millennial business owners in the Middle East are more likely to be driven by the desire to increase their influence…
Businesses begin to feel the heat of Qatar's isolation
Companies operating in the Gulf face rising costs and operational uncertainty as they seek to mitigate the impact of the…
Why Dana Gas declared its own sharia-compliant bonds unlawful
A decision by a Middle Eastern gas producer to declare its own sharia-compliant bonds unlawful has baffled investors in the…
Qatar govt prepared to cover banks if deposits ‘withdrawn
Qatar’s government is prepared to support local banks if foreign institutions withdraw deposits from them because of an economic boycott…