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OAB CIO

Salaam Said Al Shaksy appointed as CIO, OAB; Suleiman Hamad Al Harthy appointed as...

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...
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Central bank, job cuts

Consider Expired IDs As Valid For Transactions, Banks Told

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...
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‘UAE’s $70bn stimulus will help bank liquidity; soften coronavirus impact’

The recent additional stimulus package announced by the Central Bank of UAE will support UAE banks’ liquidity and limit their likely material asset quality...
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Dubai Banks to Offer Virus Relief to Companies, Individuals

Dubai Banks to Offer Virus Relief to Companies, Individuals

(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...
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UAE non oil

Coronavirus Update: 14 New Cases in UAE; ATM Postponed, Saudi Flights Suspended

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...
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Saudi’s Biggest Bank Abandons Plan to Create $200 Billion Lender

(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...
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Riyadh

Global risk-taking binge gives Central Banks cause to shudder

(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...
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Here is how GCC banks are likely to perform in 2020

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...
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banking finance

Assets of UAE commercial banks soar to AED 2.457 trillion

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...
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banking finance

Banks Must Act Now or Risk Becoming a ‘Footnote’: McKinsey

(Bloomberg) --More than half of the world’s banks are already in a weak position before any downturn that may be coming, according to a...
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