UAE bank deposits fall as Brexit vote spurs withdrawals among European customers
Total bank deposits fell by Dh7 billion last month, mainly due to a drop in non-resident money, said the UAE…
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ETF take-up rockets as fund managers favour low-cost liquidity
In the seven years to the end of 2015, global use of ETFs by investment managers increased at a compound…
Proposed law to prevent tax evasion, protect small businesses
The new bankruptcy draft law will boost the private sector's contribution to the development of trade and industry, increase transparency…
Don’t write off Oman economy, fundamentals in good shape
The fallout of the oil price slump does not mean Oman’s economy is heading for hard times or that the…
Alizz Islamic unveils loan scheme to purchase land
As part of its efforts to make ownership of land a reality for all, Alizz Islamic Bank has introduced a…
ACWA Power increases credit facility to $159.9m
Saudi Arabia-based water and project developer ACWA Power said Sunday it has increased its 2015 revolving credit facility by 600…
Investors’ choice widens with Nasdaq Dubai’s futures contract
Investors trading on Dubai stocks like Emaar Properties and Dubai Islamic Bank will have one more instrument to safeguard themselves…
Iran hints at ending rial’s dual exchange rate system
Iran’s central bank is signaling that it will loosen its grip on the rial in an effort to end a…
UAE banks' deposits surge in July
The Central Bank announced that the Money Supply aggregate M1 decreased by 2.3 per cent month-on-month to Dh469.8 billion at…
Saudi Arabia is ‘1st foreign venue’ for Made in Qatar
Saudi Arabia has been chosen the first foreign venue for the ‘Made in Qatar’ exhibition due to its “very close…
Al Hilal Bank’s new CIO looks to collaborate with fintechs
UAE-based Al Hilal Bank has got a new CIO, Gopi Krishnan. He is calling on fintech CEOs to get in…
Trade Bank of Iraq wins JPMorgan award for efficient electronic payments
The ‘JPMorgan Quality Recognition Award’ is divided into two groups, each designated by a SWIFT message type and features two…