Islamic banking in Africa: Regulatory obstacles but a lot to gain
Persistent obstacles will limit the growth of Islamic banking during the next 12 to 18 months...
Tag : Gulf
UAE budget airlines ought to reclaim Gulf skies
Air Arabia recently stated that it will resume direct flights from Sharjah to four different cities — Taif, Al Jouf, Gassim, and Hail....
Dubai expects 70% companies to shut businesses in next six months
The survey was conducted on 1,228 CEOs across various sectors during the period between April 16 and April 22...
Gulf central banks cut rates to tackle slowdown caused by Covid-19
The Fed recently slashed its interest rates to nearly zero...
Beleaguered South African Airways gets $240 million bailout package
The state-owned airline has not been able to generate revenues and has managed to survive largely due to government rescue packages...
Saudi Aramco shares fall $200 bn amid fears of impending US-Iran war
Under the shadow of a US-Iran clash, Saudi Aramco shares have plunged by 10%...
Kuwait inks 15-year pact with Qatar to import gas from 2022
Kuwait’s dire need of gas to be fulfilled from 2022...
‘UK mortgages enquiries soar by 45%’
Prompted by weakened sterling and likely rate rise...
Trump lauds Exxon efforts to create local jobs
The oil producer plans to invest $20 billion through 2022 on the US Gulf Coast...
Divisa Capital raises $100 million of new funds
It will be used for expansion and increase of interbank credit lines...