(Bloomberg) — Kuwait’s budget deficit narrowed to 3.35 billion dinars ($11 billion) in the last fiscal year, down 31% from a year earlier on higher-than-anticipated crude prices...
(Bloomberg) — Etihad Airways may be cutting routes and slashing jet orders after racking up billions of dollars in losses, but one market at least is providing...
A policy that began in 1988, Omanisation initiative has been on the rise in recent years. Omanisation’s objective, since inception, was to lessen the Sultanate’s reliance...
The banking sector is going on phenomenal change, giving banks and financial institutions an opportunity to relook at its business models and launch new, innovative and...
Gartner predicts that a whopping 80% of traditional banks will go out of business by 2030. The financial services industry is at the cusp of digital...
(Bloomberg) — Abu Dhabi Commercial Bank, which completed a three-way merger in May, reported an 11% decline in second-quarter profit as the cost of funds rose. Pro-forma...
(Bloomberg) — The number of financial companies operating in the Dubai International Financial Centre rose 11% during the first half, even as a slowing global economy forced...
(Bloomberg) — India’s newest billionaire is a former classroom teacher who developed an education app that’s grown to a valuation of almost $6 billion in about seven...
While the Sultanate is fast at addressing its economic diversification agenda under the Tanfeedh program, the looming issue of an oversaturated Omani market does not lie...
(Bloomberg) — Abu Dhabi commuters have to add one more item to their expense list, as the oil-rich emirate follows its neighbor Dubai by introducing an electronic...
