Kuwait Financial House Touts Use of Ripple’s Payment Solution
Kuwait Financial House (KFH) already announced the use of Ripple’s payment technologies in August last year, and in this year’s annual report, the bank...
Lenders to BR Shetty’s Pharma Firm are Said to Start Debt...
Lenders to Neopharma, the pharmaceuticals business founded by Bavaguthu Raghuram Shetty, are set to kick off talks to restructure 1 billion dirhams ($272 million)...
Growing Appetite for Shariah-Compliant Banking, Takaful Products in Qatar
Shariah-compliant banking and takaful products see an increasing appetite in the local market, although conventional players still dominate Qatar’s banking and insurance sectors, Oxford...
World’s Top 2,000 List Includes 40 Arab Companies, Aramco Ranked 5th
This year's Forbes Global 2000 list saw the inclusion of 40 companies from the Arab world in the magazine's ranking of the world's top...
UAE Zakat Fund Provided $23.5 Million in Aid Since Start of...
Since the start of 2020, the UAE's Zakat Fund has provided $23.5 million (AED86.3 million) in aid to 5,109 eligible families who have been...
COVID-19 to Put Global Sukuk Issuance to Reverse
By Dr. Mohamed Damak
Though it has looked like last year’s recession scare was a false alarm, the global sukuk market is close to sending...