-
COVID-19 helps GCC grow its appetite for digital banking
Banks in the Gulf region were already on the path towards digitization, but the pandemic became the catalyst for accelerated...Business
Company news
Latest news
-
ADIB 2023 net profit $1.4bn
Business
-
Digital transfers reshape MENA’s financial landscape
The region sees a robust future for digital cross-border transfers in the Middle East, marked by innovation and a strong... -
UAE banks ride on growth, operational efficiencies
The country's banking sector emerges stronger, showcasing resilience and profitability with a notable 54.1% increase in net income, says a...Business
Most Read
-
Russia’s central bank holds rates amid high inflation
MOSCOW, RUSSIA – Russia's central bank held interest rates unchanged on Friday as Moscow's military offensive on Ukraine has led to stubbornly high inflation and labor shortages. The central bank raised rates to 16 percent in a series of hikes last year to cool the pace of price rises. Analysts are waiting for the bank to...Economy
-
ADCB approves cash dividends worth US$1.1bn Â
ABU DHABI, UAE – Abu Dhabi Commercial Bank (ADCB) has approved the Board of Directors proposal to distribute a cash dividend of US$0.15 (AED0.56) per share, translating to a total pay-out of US$1.1 billion (AED4.099 billion) equivalent to 50 percent of its 2023 net profit. This came as the ADCB on Thursday held its physical-cum-virtual...Business
Latest News
What has gone wrong for Saudi-backed Newcastle?ICJ orders Israel to ensure humanitarian aid in GazaPalestinian Authority president approves new governmentCrypto fraudster Bankman-Fried faces sentencingAramco CEO terms energy transition strategy a failure
Most Read
IOTA Foundation launches US$10m investment fund at Investopia 2024
Saudi Arabia set to leap into space tourism by 2026
Reforms help Saudi banking sector post robust growth
Foreign investments boost Saudi financial market
India plugs into the Gulf region with power cables
UAE’s working mothers get extended maternity leave
Technology transforms Ramadan traditions across GCC