Banking

ABCK organizes first virtual Town hall meeting

September 27, 2020

The American Business Council- AmCham Kuwait (ABCK-AmCham Kuwait) held its signature Town hall on Tuesday, 22 September. Over 60 people tuned into......

Banks reject deferral of loan repayments

September 27, 2020

Government recently rejected the proposal from parliament for the postponement on repayment of bank loans taken by citizens and businesses for a......

Freelancers bank on high demand

September 26, 2020

The UAE's burgeoning freelancers market is poised to register a strong growth as talented, skilled and up-skilled labour is available in almost......

MP requests PM to postpone loan installments further

September 21, 2020

MP Saadoun Hamad Al-Otaibi urged His Highness the Prime Minister to continue to postpone all loan installments to citizens for an additional six......

Central Bank urges banks to prioritise hiring Kuwaitis

September 20, 2020

The Central Bank of Kuwait (CBK) stressed the need to focus on national workforce in the banking sector, localize jobs, and increase the presence......

SoftBank sells chip designer Arm to Nvidia in $40 bln deal

September 14, 2020

TOKYO/SAN FRANCISCO: SoftBank Group Corp. said on Monday it has agreed to sell chip designer Arm to Nvidia Corp. for as much as $40 billion in a......

Standard Chartered, Amazon.ae launch instalment plan

September 12, 2020

Standard Chartered Bank and Amazon.ae have announced the launch of new instalment payment plans for customers in the UAE. The new service allows......

Citi appoints its first female CEO

September 12, 2020

Citigroup picked Jane Fraser as its next chief executive, placing the first woman atop any major global bank. Ms Fraser will succeed Mike Corbat,......

Banking outlook: Kuwaiti banks to post lower profits, deposit growth to plunge

September 9, 2020

Kuwait’s banking sector will continue to face pressure in terms of profitability and asset quality for the rest of the year, said Markaz. Kuwait......