From oil prices to company stocks buoyed by positive results, several factors resulted in changes in key benchmark indices.

The surge in oil prices fueled the start of the week's high for the Saudi stock market, while the UAE indices fluctuated throughout the week.

A meeting of the Dubai Free Zones Council (DFZ Council) on Sunday discussed how to facilitate opening business bank accounts for small and medium-sized enterprises (SMEs), opportunities to attract Emirati talent to free zones and other issues concerning the business sectors within Dubai's free zones. The meeting chaired by the...

The preliminary results showed a surplus value for the capital and financial account amounting to $222 million, mainly caused by the surplus in the capital account which amounted to $114 million.

The Abu Dhabi index recorded a weekly loss of 4.8 percent, its deepest plunge since March 2020.

The facility is in line with EDB's strategy to support large corporates.

The Ajman’s Department of Finance has signed agreements with 12 local banks to offer an "easy payment plan", which allows installment payments for government service fees to be made through the "Ajman Pay" platform when paid using any credit cards of these banks. The participating banks include First Abu Dhabi...

Moody’s has forecast a stable outlook for GCC banks during the next 12 to 18 months, primarily due to economic recovery in the region and higher oil prices.

Debts of 4,511 Emirati citizens, amounting to AED1.15 billion ($313 million), have been waived by 20 banks and financial institutions, the Non-performing Debt Relief Fund announced on Wednesday. The banks that waived the debts are First Abu Dhabi Bank, Abu Dhabi Commercial Bank, Emirates NBD, Abu Dhabi Islamic Bank, Standard...

The Central Bank of Kuwait (CBK) has launched the fourth round of the Certified Shariah Auditor program to strengthen the Shariah supervision of Islamic banks in Kuwait and reinforce Shari'ah-compliant auditing in such banks. The CBK organized the new edition of the program as part of the "Kafa'a Initiative", which...

In the UAE, the Abu Dhabi index added 0.2% with the International Holding Company gaining 0.7%. Dubai index ended the week 0.1 percent down.

Digital transformation brought about by COVID-19 has made banks more open to branchless and cashless banking enabling them to perform better in H1 2021 than they did in the same period last year.

Banking firms in the Arabian Gulf countries dominate the list of top companies in terms of market capitalization with Saudi players leading from the front.

Goldman Sachs, the US investment bank, has estimated that the restructuring of Lebanon’s financial system would leave the crisis-prone banks of the country with total losses of up to $65 billion, and might lead to insolvency.

The program will focus on sectors such as manufacturing, healthcare, infrastructure, food security, and technology.

The UAE banking sector has posted a moderate yearly growth of 0.6 percent with total assets reaching US$873.6 billion, or AED3.2 trn, by the end of second quarter of 2021.

Nearly 75 percent of banks expect tech giants such as Google and Amazon to dominate the banking industry in five years' time, a report said.

DUBAI: Kuwait’s equity market sustained its upward momentum in August as Kuwait All Share index rose 3.1 percent for the month and 22.4 percent for the year, according to Kuwait Financial Centre, Markaz. In its Monthly Market Review report for August, Markaz said the market liquidity in August, as indicated...

The combined net profit of four major banks in the United Arab Emirates has vaulted to $4 billion in the first half of 2021, up 17 percent compared to the same period last year.

The top ten lenders of the United Arab Emirates have shown a health rebound in profitability, with the country’s banking industry improving its performance in the second quarter of 2021.

In a sign of economic rebound in Saudi Arabia, banks in the kingdom are reporting better than expected financial results for the second quarter, after a slump in business during the Covid pandemic.

Another massive outage hits internet services on Thursday, July 22, affecting the websites of major companies across the globe.

  Report provides banking industry leaders with analysis along with insights and forward-looking views Cost and operational efficiencies expected to remain a top priority for banks in 2021   The overall non-performing loans (NPL) ratio for the Gulf Cooperation Council banking sector has increased by 0.4% and now stands at...

  Top banks of UAE banks record more profit than last year Income rose by 85 percent during the first quarter of this fiscal   The net income of the top United Arab Emirates (UAE) banks has spiked by 85 percent in the first quarter of the year as economic...

The increased demand for physical gold is projected to push up the price of shiny metal within the next six months to two years  

The investments were made in held-to-maturity securities, debt securities, equities, other vehicles  Other investment instruments valued Dh46.6 bn by end of April The UAE-based banks hiked by Dh54.8 bn ($14.92 bn) their investments in held-to-maturity securities, debt securities, equities and other vehicles during the first four months of 2021, statistics...