UAE working week changes to create ‘steady influx of new wealth’
The United Arab Emirates will transition to a four-and-a-half-day working week, with Friday afternoon, Saturday and Sunday forming the new…
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Stable capital at GCC Islamic banks in 2022: Fitch
The 2022 sector outlook for GCC Islamic banks is neutral, reflecting a modest economic recovery and higher oil prices, said…
Middle East Banks' Earnings Pressure Unlikely to Abate Before 2023
Fitch Ratings' 2022 sector outlook for Middle East (ME) banks is neutral, reflecting a modest expected economic recovery. Credit growth…
UAE's weekend change: Banks and insurance companies set to be among first to switch
The UAE’s banking and insurance sectors should be among the first to move to the new workday and weekend change…
UniCredit wins Turkish regulator approval to sell Yapı Kredi stake
Italy’s UniCredit won approval from Turkey’s banking regulator to sell its remaining stake in local bank Yapı Kredi to partner…
Moon capital Partners Master Fund cuts stake in EKH
Moon Capital Partners Master Fund Ltd has cut its stake in Egyptian Kuwaiti Holding (EKH) (EKHO) to 4.8% from 5.52%,…
Egypt's sovereign fund aims to increase its investment portfolio to $1.5bn
Egypt's sovereign fund aims to increase its investment portfolio in 2022 to 23 billion Egyptian pounds ($1.5 billion) between managed,…
Takaful insurance to make debut in Iran
Iran will launch limited takaful insurance services for the first time after finance minister Ehsan Khandouzi said that there is…
Medallia names New Metrics a consulting partner for Saudi market
International software provider Medallia has named New Metrics a consulting partner for the Saudi market. Founded in 2002 in…
CBE signs protocol to link ‘Nafeza’ customs platform with banking system
This step is in line with the state's direction to implement the Advanced Cargo Information system, which aims to improve…
TG and Zain Bahrain launch MENA’s first Telco Open Banking Payments
Tarabut Gateway has announced a partnership with Zain Bahrain to provide the region’s first use case of Open Banking payments…
No API, No Party. A new Shakespearean drama?
There are several authoritative articles presenting the innovations introduced by Open Banking and PSD2 and describing the push to openness…