The central bank said saving deposits in the banking system have increased in recent years, from Dhs152bn in 2018 to Dhs241.8bn in 2021
West Texas Intermediate held above $74 a barrel after futures sank almost 9 per cent in the prior three sessions to erase the year’s gains
The non-performing debt relief fund has announced that 17 banks and financial institutions have waived the obligations
A total of 537 new companies joined the centre in the first half of the year
The Buna platform offers stringent levels of governance and transparency through increased oversight from central banks as well as effective reporting and compliance mechanisms
Utico is the largest private utility provider in UAE and is one of the 27 companies forming part of the RMB Group
Saudi Arabia has seen revenues soar on the back of $100 oil and rising production
Americana operates restaurants for brands including Baskin Robbins, Costa Coffee and TGI Fridays as well as KFC and Pizza Hut, according to its website
Borouge manufactures plastics used in everything from automobiles and food packaging to medicine vials and piping systems
No final decision has been made
Growing customer awareness and the recent global health crisis have encouraged regional banks to ramp up their offerings
Prudential relief measures regarding banks’ capital buffers and liquidity and stable funding requirements will be extended by six months
Villas proved more popular than apartments for mortgage purchases
The fund will invest in five to 10 private companies per year
The loan deferral component of the Targeted Economic Support Scheme will expire by the end of 2021
The move widens the services Standard Chartered can offer in the country
To deliver the future of banking, managing IT spend needs a new approach
Liquid assets accounted for 15.9 per cent of the total assets by the end of the reference quarter
GDP growth in the GCC countries will slowly recover from last year’s sharp recession
Automating the trade financing platform will enable banks to benefit in numerous ways, according to global IT firm Comarch
JMR Infotech’s innovation adds value to the digital transformation journey of banks and financial institutions in the Middle East and Africa region
Emirates NBD has about $5.7bn of debt maturing this year, according to data compiled by Bloomberg
The $400bn sovereign investor is key to the kingdom’s efforts to revive economic growth
Banks are the largest distributors of profits
The Public Investment Fund is raising about $15bn from a group of international banks to finance new investments
Banks and financial institutions must opt for online credit process with automated elements – offered by companies such as Comarch – to ensure they meet the current market needs
The financial sanctions were imposed on January 24, 2021
The relations between Israel and the UAE will have omnipresent long-term benefits through their similarities
Digitisation is underway and accelerating in the Middle East – but what are the key technologies being deployed?
As societies adopt more digital payment tools, it is important to bring along the 25 million locally who are still living in cash mode