Saudi Arabia names Mohammed al-Jadaan as minister of finance
Saudi Arabia appointed market regulator Mohammed al-Jadaan as its new finance minister by royal decree, replacing Ibrahim Alassaf, who had…
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Measures to Adopt Common GCC Currency Seriously Considered, Omani Central Bank Director
Director of the Central Bank of Oman Hamood bin Sangour Al-Zadjali said the establishment of a common currency between the…
Kingdom enjoys better fiscal space: Cabinet
The Council of Ministers on Monday emphasized that the Kingdom’s economic position is strong enough to offset the current economic…
Talent shortage: UAE firms have trouble hiring skilled professionals
Companies in the UAE are still having a hard time filling many positions despite the huge number of professionals looking…
GFH shares hit 2-year high
Gulf Finance House hit a two-year high again in Dubai, even as select buying was seen in UAE stocks. GFH…
Standard Chartered wins digital award
Standard Chartered Bank has won the “Best Global Consumer Digital Bank” award from Global Finance for the sixth year in…
Three Foreign Banks to Open in Iran, Central Bank Official Says
Three foreign banks are opening up representative offices in Iran as the country seeks to boost investment after reaching an…
Paradigm shift in Emiratisation in banking and insurance sectors
Throughout the past few decades, the banking and insurance sectors have played a pivotal role in the United Arab Emirates’…
UAE’s potential to become global sukuk leader
When Dubai set an ambitious target in 2013 to become the hub of global Islamic economy little did the industry…
Lebanon central bank satisfied with FX reserves after operations to boost them
Lebanon's central bank chief said he was satisfied with the country's foreign currency reserves, which have been boosted to record…
Middle East M&A gains momentum
According to the report, deal value was highly influenced by the largest transaction in the region so far this year.…
Turkey aims to triple market share of Islamic finance
Turkey is committed to tripling the market share of Islamic finance, bringing it up to 15 percent by 2023, Deputy…