The Central Bank of the UAE (CBUAE) has cut interest rates, following US Federal Reserve cuts to mitigate the economic impact of Coronavirus (COVID-19) Effective from...
The UAE Exchange has temporarily suspended any new transactions at all of its branches and its online platforms. According to an e-mail statement, the temporary suspension...
In continuation of the success of the Savings Account Scheme, BankDhofar has revealed the Savings Account Scheme for the year 2020. The new scheme which comes...
Oman Arab Bank (OAB) has announced the launch of the first-of-its-kind Innovation Lab in the banking sector in Oman. The event was held with Rashad Al...
Bank Muscat, the flagship financial services provider in the Sultanate of Oman, has successfully closed a senior unsecured loan facility of $650 million with a consortium...
Oman Arab Bank’s 2020 Innovation Hub which focuses on the concept of ‘open banking’ offers an opportunity for students, Fintechs and OAB employees to test their...
(Bloomberg) — Two of Dubai’s biggest banks bought loans made to DXB Entertainments PJSC from other regional lenders as part of plans by its majority owner to...
(Bloomberg) — A virus-stricken ship, with more than 3,500 on board, prepares to dock in California. Saudi Arabia unleashes all-out war on the price of oil. Italy...
(Bloomberg) — The Dubai International Financial Centre, the Middle East’s financial hub, added more than 2,000 new jobs last year. The number of those employed in the...
(Bloomberg) — The fallout from the global spread of coronavirus may be starting to affect credit and funding markets, according to JPMorgan Chase & Co. Supply-chain disruptions...
