Muscat: With the popularity of Islamic banking on the rise, Bank Nizwa has been leading the way for change with innovative Islamic financing products, a focus on...
Oman Arab Bank’s (OAB) Board of Directors has announced the appointment of Salaam Said Al Shaksy, former CEO of Alizz Islamic Bank, as the Chief Integration...
Central Bank of The UAE has sent out instructions to all banks in the country to take into consideration expatriate’s visas and Emirates IDs with expiry...
The recent additional stimulus package announced by the Central Bank of UAE will support UAE banks’ liquidity and limit their likely material asset quality deterioration because...
(Bloomberg) — Dubai’s ruler Sheikh Mohammed Bin Rashid Al Maktoum asked local banks to offer companies relief, including refinancing and repayment referrals, as part of measures aimed...
The UAE’s Ministry of Health and Prevention has announced 14 new cases of the Covid-19 coronavirus had been confirmed in the country. Four of them are from...
(Bloomberg) –Saudi Arabia’s biggest lender scrapped plans to merge with a local rival following a year of talks that would have created a bank with $200...
(Bloomberg) –Global central banks are approaching the end of the year with a collective shudder at the risky behavior that their low interest-rate policies are encouraging....
Ratings agency Moody’s Investors Service has outlined a stable outlook for Gulf Cooperation Council (GCC) banks, underpinned by solid economic growth and strong capital buffers and substantial...
The overall assets of commercial banks in the United Arab Emirates swelled to AED 2.457 trillion by the end of September 2019, revealed statistics by the...
