CBL Governor wins Arab Bankers Association’s Distinguished Service Awards
The London based Arab Bankers Association has given its annual award for ‘Distinguished Service to Arab Banking’ to Saddek Omar…
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Israel’s Largest Bank to Cut 12% of Jobs
Bank Hapoalim Ltd., Israel’s largest bank, approved a plan to cut 12 percent of the workforce, answering the call of…
Islamic Development Bank appoints nine banks for five-year sukuk -bankers
The Islamic Development Bank has appointed nine banks to arrange a new Islamic bond issue likely to be in excess…
Global ATM Market Is Progressively Growing in Developing Regions and with Addition of Smart ATMS, Solar ATMS Enhancing the Market Size, 2022
ATM is the abbreviation used for "Automatic Teller Machine", which is a product of technological advancement developed to enhance the…
Egyptian developer Palm Hills expects deal on mega-project by year-end
Egyptian property company Palm Hills expects to sign a revenue-sharing deal with the government this year to develop what would…
HolidayMe looks to make its mark in online travel in the Middle East
Traveller numbers are soaring in the region and a ‘new-age’ OTA based in Dubai has piqued the interest of some…
Saudis take new steps to ease bank liquidity crunch
Saudi Arabian authorities have taken fresh steps to ease a liquidity crunch caused by low oil prices, suspending the government's…
IMF's Lagarde tells GCC to keep up fiscal reform
Fiscal reforms that the GCC has been implementing are “impressive” but further adjustments are needed, Christine Lagarde said during a…
Dubai's Shuaa hands over first Saudi hotel as part of $145m fund
Shuaa Capital Saudi Arabia, a unit of the Dubai investment bank, has announced that the construction on the Centro Shaheen…
UAE bank deposits up by Dh30b
Total bank deposits in the UAE increased by Dh30.2 billion in September 2016 due to an Dh11.4 billion increase in…
ING says oil price drop offers chance to expand Middle East business
Dutch bank ING Group is aiming to expand its business in the Middle East where it sees greater demand for…
Saudi Arabia’s future borrowing will include Islamic bonds, says minister
Saudi Arabia may follow its first international debt issuance with an Islamic bond sale, Finance Minister Ibrahim Al Assaf said,…