Non-performing loan ratio increases from 3.8% in December 2019 to 4.1% in June 2020
Increase in non-performing loans squeezed banks’ profits in the GCC country
ADIO will help connect Israeli companies with strategic entities and grant them access to resources in Abu Dhabi
The 10-year Euro Medium Term Note Programme reached maturity on October 5
The latest listing brings the bank’s current sukuk value on the exchange to $1.5bn
Xare allows users share access to their account and credit card with friends and family
The smartSCF platform will provide automated tools to optimise working capital and reduce transaction costs
Lawyers for Huawei argue HSBC improperly aided the US to indict CFO Meng Wanzhou
BCG survey says 87 per cent of respondents would consider a digital-only bank
ASPIRE hopes to reach 5,000 participants in the next 12 months
Kuwait is the only country in the six-member Gulf Cooperation Council that links its currency to a basket dominated by the US dollar, while the others are linked solely to the greenback
Oman’s startup and innovation ecosystem is picking up pace
Abu Dhabi’s sovereign investor to acquire minority stake in the US-based venture capital firm
The new offices of ADNOC’s trading entities are located in Abu Dhabi’s International Financial Centre
Rising global digitisation due to the pandemic has been a catalyst for companies in the cloud computing and data analytics space, opines entrepreneur and investor Shailesh Dash
Gulf Business talks to Wissam Khoury, head of international at Finastra, on the state of Open Banking in the GCC
Egypt seeks to raise $500m from the offering
The legal guardianship will protect the group from creditors’ actions
With the offering already more than 50 times oversubscribed, the delay is not currently expected to significantly affect the final pricing
DAFZA will provide incentives to Israeli companies wishing to establish their businesses within the emirate
Traditional lenders and fintech players can grow simultaneously, offering customers a myriad of services
Moody’s now ranks Kuwait two steps lower than Fitch Ratings and one below S&P Global Ratings
Saudi Arabia’s economy is expected to contract 4.8 per cent in 2020 before growing by 3.2 per cent next year
A total of Dhs44.38bn has been withdrawn until end June
The privately-held investment firm with assets in health care and food named Bruno Navarro as its chief restructuring officer
The UAE last week signed an agreement to move toward establishing normal ties with Israel
Bank ABC, Citigroup, Dubai Islamic Bank, Emirates NBD Capital, and HSBC, among others acted as joint lead managers and bookrunners for the transaction
Europe’s largest bank has been named as a possible candidate for China’s “unreliable entity list”
The adoption rate for digital wealth management solutions has increased dramatically during the pandemic
Evolution of the regional banking ecosystem has propelled economic growth in recent years, and continues to progress apace