banking and finance
Israel's Two Biggest Banks Sending Delegations To UAE
Middle East Business News - Published date: .
Representatives from Bank Hapoalim Ltd and Bank Leumi le-Israel Ltd to travel to the UAE this month Read more
Banks Reduce Exposure To Dubai-based Oil Trader
Middle East Business News - Published date: .
BNP Paribas, Natixis and Middle Eastern lenders including Emirates NBD, Emirates Islamic Bank and National Bank of Fujai... Read more
Credit Suisse Hiring Morgan Stanley Dubai Banker Luthra
Middle East Business News - Published date: .
Group looking to expand investment banking operations in the Middle East Read more
Sustainable Investing Gains Momentum In Wake Of Covid-19
Middle East Business News - Published date: .
In the UAE, 81% of investors said they believe a sense of fear will prevail for a long time Read more
Covid-19 Will Accelerate Digital Banking, Says National Bank Of Bahrain CEO
Middle East Business News - Published date: .
National Bank of Bahrain CEO Jean Christophe Durand said that traditional banking branches will have little room to expa... Read more
UAE-based Eltizam Outlines Ten-year Aggressive Growth Plan Worth $2.6bn
Middle East Business News - Published date: .
CEO Chris Roberts expects revenues to double by the end of 2021 with plans for Saudi, Egypt, Bahrain and Kuwait Read more
UAE Banks Head For Indian Courts To Recover $7bn Loan Defaults
Middle East Business News - Published date: .
The move follows India notifying last month UAE as a reciprocating territory for the purpose of enforcing foreign civil ... Read more
VAT Implementation In KSA And UAE: A Firsthand Impression
Middle East Business News - Published date: .
Some businesses are yet to fully understand the proper application of VAT on goods and service, writes Nidal Abou Zaki, ... Read more
Bahrain's Investcorp Invests $45m In Indian Healthcare Firm
Middle East Business News - Published date: .
Investcorp has announced that it has closed a $45m investment in Nephrocare Health Services Private Limited Read more
Strong Rupee, Falling Interest Rates Lead To Plunge In NRI Deposits In India
Middle East Business News - Published date: .
Kerala, home to a large chunk of expat Indians, however, has seen growth in both NRI remittances and bank deposits in th... Read more
Bahrain's Investcorp Signs Deal To Invest In Asian Food Brands
Middle East Business News - Published date: .
New platform is aiming to raise $500m to invest in food brands in China, Singapore and greater Southeast Asia Read more
AB Crossfire: Will Cryptocurrency Replace Fiat In The Near Future?
Middle East Business News - Published date: .
Amidst concerns over volatility, regulations and the absence of a unified legislation, will cryptocurrency go mainstream... Read more
Opinion: Is Optimism Over Global Trade Talks A Bit Premature?
Middle East Business News - Published date: .
Financial markets have been dialling back on risk on two fronts: US-China trade and Brexit Read more
UAE Bank Launches New Digital Platform To Support SMEs
Middle East Business News - Published date: .
National Bank of Ras Al Khaimah unveils SMEsouk initiative to create digital ecosystem for small businesses Read more
SoftBank Posts $6.5bn Operating Loss On WeWork, Uber
Middle East Business News - Published date: .
The $100 billion Vision Fund had been a driver of profit growth at SoftBank, contributing over $14 billion in mostly pap... Read more
Lebanon Banks Told To Boost Capital To Ease Growing Pressure
Middle East Business News - Published date: .
Banque du Liban said raising capital by $4bn would help banks 'confront the current situation and any future development... Read more
Double-digit Drop In Saudi Expat Remittances For First Nine Months
Middle East Business News - Published date: .
Transfer of money by Saudis outside the kingdom also down 9% compared to last year Read more
Bahrain Hospital Losses Weigh On UAE's Amanat Net Profit
Middle East Business News - Published date: .
Amanat Holdings has recorded a 38% increase in nine-month net profit despite losses related to Bahrain hospital investme... Read more
UAE Central Bank To Establish 'fintech Office' To Help Regulate Sector
Middle East Business News - Published date: .
The new fintech office will also look into assets such as cryptocurrencies, according to CBUAE governor Mubarak Rashid A... Read more
Bahrain's Investcorp Set To Invest At Least $500m Into Saudi Arabia
Middle East Business News - Published date: .
Investcorp co-CEO says investment will focus on healthcare, education, social housing, infrastructure, roads, utilities Read more