Year: 2020

Credit Card Issuers Face Reputation Wake-Up Call

Almost one in four UAE residents perceive credit card issuers to be the least trusted of all financial providers, a new survey has found. The tenth edition of the Middle East Investment Panorama (MEIP) report included the results of a consumer survey which showed the percentage of respondents stating that credit card issuers have the

OSN Unveils Multi-Year Deal With Intigral

OSN, the region’s leading entertainment network has signed a hallmark multi-year deal with Intigral, the media arm of STC and leading provider of digital entertainment and sports in MENA, for its flagship Home and OTT service, Jawwy TV. This strategic partnership between OSN and Intigral significantly reinforces the collaboration at a time where TV consumption and

COVID-19: Boehringer Ingelheim Steps Up Effort With Global Support Program

Boehringer Ingelheim has significantly stepped up its support to the fight against Covid-19. A Global Support Program has been set up to bring more financial relief, protective materials and medicine donations to healthcare institutions and communities in need around the world. “As a pharmaceuticals company, we feel a strong commitment to offer our help to

APICORP 2019 Financial Results Demonstrate Strong Growth Momentum With Net Income Of USD 112 Million

The Arab Petroleum Investments Corporation (APICORP), a multilateral development financial institution, today disclosed its financial results for the year ended 2019. Building on record performance in 2018, APICORP posted strong results including a 17% Y-O-Y increase in net recurring income to USD112 million up from USD96 million (excluding non-recurring items) at year end 2018. APICORP’s

Investment Banks Face Added Risk In The Middle East Following Covid-19 Pandemic

Leading management consultancy Oliver Wyman and investment bank Morgan Stanley have released its latest report highlighting that in the event of a rapid economic rebound following the COVID-19 pandemic, the impact on wholesale and investment banks’ earnings are even more at risk in GCC countries. Entitled ‘Steering through the next cycle’, the new report outlines

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