EFU Insurance to open Takaful windows
In a note dated 11 July, EFU General Insurance said that its Board of Directors had unanimously decided to open…
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Qatar Central Bank introduces mechanism to insure deposits
The Qatar Central Bank recently introduced several new measures to strengthen the regulations governing the banking and insurance sectors and…
Middle East Investment In Europe Up 25% In H1 2014
Middle East investment in Europe rose by 25 per cent year-on-year during the first half of this year to reach…
Dubai staff said to go in JPMorgan job cuts
JPMorgan Chase & Co, the largest US lender, is reportedly cutting hundreds of technology support employees in its corporate and…
Turkish Bank First in Europe to Deploy NCR's Interactive Teller
Duluth-based NCR Corp., a global provider of ATMs and other technology enabling financial transactions, has launched new software using its…
Dubai’s Hotel Boom Has Designer Labels
The air-conditioning vents in the Palazzo Versace hotel here zigzag like the Versace design. Every piece of the giant, colorful…
Banks in the UAE need to improve customer service
Banks in the UAE might have started to focus on customer service, but there is a long way to go…
Cash-rich Gulf banks grab top spots in region's loan market
Cash-rich Gulf banks are grabbing a growing share of the region's loan market as they cut fees and ease terms,…
GCC equities shed $21b in Q2
GCC equity markets experienced a strong correction in the second quarter of 2014, triggered primarily by the deteriorating situation in…
Safe haven status boosts investment scope in UAE
The political situation in the region has made Dubai into a magnet for families from across the region to set…
Gulf International Bank reports first half profit of US$50.2 million
Gulf International Bank B.S.C. (GIB) reported consolidated net income after tax of US$50.2 million for the six months ended 30th…
Swiss banks or Swiss chocolate? Neither. Why more GCC tourists are flocking to Switzerland
Switzerland and its prominent resort destinations continue to witness a steadily increasing influx of GCC travelers. As revealed by Switzerland…