Friday, May 17, 2024

UAE Banks

UAE banks increase their financing for trade and industry to exceed 748 billion dirhams

Traditional banks accounted for about 680.8 billion dirhams, or 82.2% of the credit financing granted to the trade and industry sectors in the UAE at the end of last February. The cumulative balance of credit provided by national banks to...

UAE Banks Lead Regional Revenue Surge as Digitalization Slashes Branch Costs Across Gulf

Saumitra Sehgal, Head of Financial Services in the Middle East at Roland Berger, a global strategy consultancy, said that the revenue of the UAE bank branches is the highest in the region at US$18.6 million per branch for retail...

Latest News

Abu Dhabi Investment Authority is interested in acquiring an Indian restaurant company

A consortium that includes the Abu Dhabi Investment Authority is negotiating to acquire the restaurants of the Indian company...

Bahrain Summit: An opportunity to unite the Arab ranks and enhance joint action

This summit is gaining great importance, especially in light of the current regional and international circumstances. Today, in the Bahraini capital, Manama, the work of...

Abu Dhabi Sovereign Fund intends to buy a stake in “Malaysia Airports”

The Abu Dhabi Investment Authority “ADIA” and the American company “Global Infrastructure Partners” will buy a 30% stake in “Malaysia Airports Holding” Company. Malaysia Airports...

Emirates Airlines intends to employ 5,000 flight attendants and hostesses

The number of cabin crew members on Emirates Airlines currently stands at 22,000 hosts and hostesses. Emirates Airlines announced, Via its website today, announced its...

Today Gold Rate in Saudi Arabia – 16th May 2024

Today Gold Rate in Saudi Arabia (SAR) Today Per tola is SAR 3,464.15 while 24k Per 10 Gram gold price is SAR 2,970.00. Usually...