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Banking and Finance

Banking and Finance latest

ADIB Mobilises AED 20.3 Billion in Sustainable Finance in 2025, Reinforcing Commitment to AED 60 Billion Target by 2030
April 6th, 2026 - 09:20 GMT

ADIB Mobilises AED 20.3 Billion in Sustainable Finance in 2025, Reinforcing Commitment to AED 60 Billion Target by 2030

Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, has announced that it mobilised and facilitated AED 20.3 billion in sustainable finance by the end of 2025, marking a strong year of execution and reinforcing its commitment to deploy AED 60 billion in sustainable finance by 2030. This performance underscores ADIB’s role as a trusted sustainable finance partner, supporting governments, financial institutions and corporates in advancing climate action, enabling the energy transition, and delivering meaningful environmental and social impact across the UAE and the wider region. ADIB played a ...
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Being prepared is critical because VAT is generally a self-assessed tax, with errors often subject to severe penalties and business disruption.
October 8th, 2018 - 10:34 GMT

Bahrain to Implement VAT Effective 1 January 2019

The agreement was signed at a ceremony held at Spazio, Kingdom Tower.
October 8th, 2018 - 08:31 GMT

SABB and Emirates Skywards Launch Visa Co-Branded Credit Card

Bitcoin’s potential to replace fiat currencies as a way of doing business brought about a wave of excitement in 2013 and 2014, leading to a rally in its price that hit $19,511 in mid-December. (Shutterstock)
October 8th, 2018 - 05:40 GMT

With Volatility at 17-Month Low, Has Bitcoin Reached a Tulip Fever Moment?

The crown prince, facing US pressure to tame surging oil prices, also said that the Kingdom is fulfilling promises to make up for Iranian crude supplies lost to American sanctions. (Shutterstock)
October 8th, 2018 - 05:33 GMT

Bin Salman's Aramco IPO Confirmation Falls Deaf on Saudi and GCC Stocks

In addition to the daily draw, Burgan Bank also offers a Quarterly Draw with more chances to win higher rewards, offering the chance to one lucky customer to win KD 125,000 every three months.
October 8th, 2018 - 05:27 GMT

Burgan Bank Announces Names of the Daily Lucky Winners of Yawmi Account Draw

ADX CEO Rashid Al Blooshi, and Aldar CEO Talal Al Dhiyebi rang the bell to mark the dual listing of the sukuk. (Shutterstock)
October 8th, 2018 - 05:23 GMT

ADX Welcomes Historic Aldar Investments Debut With $500 Million Sukuk Listing

Bank Sohar is committed to the appointment of Omanis in all positions and especially in top management levels.
October 7th, 2018 - 11:38 GMT

Bank Sohar Appoints Mr. Khalil Al Hedaifi as Chief Retail Banking Officer

Alex Coelho, CEO of Al Hilal Bank and Sultan Al Mahmood, Chief Human Resources Officer of Al Hilal Bank
October 7th, 2018 - 09:01 GMT

Al Hilal Bank Receives Human Resources and Emiratisation Award From MoHRE

Erdogan urged Turks on Tuesday to report stores that had imposed unusual price hikes during the currency crisis, and said authorities would raid those businesses if necessary. (AFP)
October 7th, 2018 - 07:20 GMT

Erdogan to Fine ‘Opportunists’ Taking Advantage of Volatile Foreign Exchange Rate

A first in Oman, NBO terminals will accept all contactless Mastercards, issued both in Oman and abroad.
October 7th, 2018 - 07:04 GMT

NBO Makes Payments Easier With 5,000 Contactless Touch Points Across Oman

During the meeting, the two sides conferd on the use of national currencies in bilateral trade, the use of financial messaging systems, the increase of the level of brokerage relationships, and the funding of civil and development projects. (Shutterstock)
October 7th, 2018 - 05:25 GMT

Iran, Russia Mull Ditching Dollar in Trade Ahead of US Sanctions

When the price of wheat or cooking oil or milk in local markets increases, even by the smallest amount, the impact is catastrophic and immediate. (Shutterstock)
October 7th, 2018 - 05:10 GMT

Famine to Hit Millions in Yemen Due to Currency Crisis

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