Discussions between Bank Leumi and Emirates NBD Bank are at an early stage and no final decisions have been made
With Muslim consumers across the world seeking out faith-based products and services, the Islamic economy is seeing robust growth among all its different verticals
Chinese tourists can pay using the highly popular digital payment platform
Mahdi Aladel, who formerly led the state energy producer’s base oils and lubricants division, will take over
The plans, subject to shareholder and regulatory approvals, are still in the preliminary discussions phase
The manager has already moved about 90 per cent of that money into markets such as China and India, after cutting some positions in developed markets
Second-quarter net profit for UAE-based top banks jumps 21 per cent
Abu Dhabi raised $7bn in April also through a three-tranche bond offering
Aurora50 is initiating the discussion around board-level gender diversity with a virtual event
UAE-based LuLu Exchange contributes to nearly 1.7 per cent of the global remittance inflows, reveals Ahamed
Kuwait’s main equity index led losses in the region
A stable financial sector is key to sustainable growth
On August 19, the listed public joint stock companies booked Dhs11.7bn in gains
The validity of a family ownership contract can extend up to 15 years, after which it must be renewed
The government estimates a budget deficit of KD14bn in the current fiscal year
Fitch’s latest downgrade brings its ranking of Oman to the same level as that of Moody’s Investors Service and S&P Global Ratings.
Fintech transactions in the kingdom amounted to over $20bn by the end of 2019
Businesses can secure up to four visas when renting a desk space within the freezone
Finablr and NMC Health were both listed on the London Stock Exchange before being suspended
Saudi Arabia increased its value-added tax from 5 per cent to 15 per cent on July 1
Al Mehyas has been leading the company following a major reorganisation last year
PIF has shifted its focus from being mostly a domestic holding company to an international investment vehicle with stakes in Citigroup, Facebook and Boeing Co
While the pandemic may have rattled industries, the regional startup ecosystem remains resilient
Discussions are still ongoing
Its net revenue also declined nearly 11.5 per cent year-on-year to Dhs2.5bn
PIFSS had a record investment profit of $7.3bn in the three months through June
Fourth cohort attracts 620 fintech startups from all over the world
Nasdaq’s clearing solution will provide DGCX with multi-asset class clearing and settlement
The directive will encourage banks to strengthen the TESS scheme and support customers in overcoming the impact of the pandemic
The bank’s total income for H1 2020 declined by 4.5 per cent compared to H1 2019