Tuesday 31 March 2020
 
»

GCC, Malaysia to drive Islamic finance market growth in 2020

Islamic finance is set to keep expanding in 2020 and beyond as the GCC countries and Malaysia help drive growth in shariah-compliant financial products, though the coronavirus outbreak may disrupt sukuk issuance, said Moody’s Investors Service in its report published today.

More…

PayBy launches mobile payment services in the UAE

As the world is battling the COVID-19 pandemic, consumers and businesses are increasingly looking for payment solutions that are convenient, contactless, and safe.    PayBy, an innovative fintech company, has officially launched its fast and secure mobile p

More…

How to ensure business survives a pandemic

In the wake of the COVID-19 outbreak, operational readiness has emerged as the immediate priority for all businesses, whether small, medium, or large, according to a new study by Marsh, the world’s leading insurance broker and risk adviser.   To effectivel

More…

StanChart commits $1bn funding for firms helping to fight virus

Standard Chartered announced today that it will commit $1 billion of financing for companies that provide goods and services to help the fight against Covid-19, and those planning the switch into making products that are in high demand to fight the global pandemic.   

More…

Letters of guarantee surge to Dh4.533 trillion in February

The total cumulative balance of letters of guarantee and other credit facilities provided by banks and other business entities in the UAE significantly grew to Dh4.533 trillion ($1.23 trillion) in February, 2020, an increase of Dh186 billion, or 4.3 per cent approximately, from Dh4.347 trilli

More…

UAE's letters of guarantee surge to $1.2 trillion in February

The total cumulative balance of letters of guarantee and other credit facilities provided by banks and other business entities in the UAE significantly grew to Dh4.53 trillion ($1.2 trillion) in February, according to the Central Bank of the UAE statistics.   A

More…

SAMA takes new steps to help private sector, individuals

The Saudi Arabian Monetary Agency (Sama) has approved a package of new measures supporting the efforts to mitigate the impacts of the spread of the Coronavirus (COVID-19) pandemic on various economic sectors.   SAMA said the measures include supervisory and prec

More…

Savills welcomes Dubai Free Zones stimulus package

Leading real estate advisor Savills said the announcement of the economic stimulus package for Dubai Free Zones, under the directive of Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, will help to ease the burden on corporate tenants.

More…

UAE gross bank assets top $840bn in February

The UAE gross bank assets, including bankers’ acceptances, rallied 0.5 percent from Dh3.080 trillion ($840 billion) in January 2020 to Dh3.095 trillion ($842 billion) by the end of the following month, a media report said. Gross credit in the banking system likewise grew 0.

More…

Bahrain ratings stable, says S&P Global Ratings

S&P Global Ratings has revised its outlook on Bahrain to stable from positive on expectation of extraordinary support from other GCC sovereigns, which it stated, was likely to enable the kingdom to continue implementing fiscal reforms.   Despite efforts to i

More…
 1 2 3 4 > 

calendarCalendar of Events

Ads