These typically include salary cuts for employees on their payrolls. Faced with a sudden loss of income, individuals and families in the UAE can find the going tough to make ends meet and manage …
Yemen separatists seize remote island from Saudi-backed government
Southern separatists have seized control of Yemen’s island of Socotra in the Arabian Sea, deposing its governor and driving out forces of the Saudi-backed government which condemned the action as coup …
Report reveals six key fintech innovations for Mena
A report endorsed by MetLife Foundation has identified the six types of innovation with the greatest potential to improve the financial wellbeing and inclusion of marginalised communities in Mena. The …
South Korea’s move to tax cryptocurrency faces backlash
The cryptocurrency market has been considered a tax-exempt safe haven here despite its rapid growth, as regulators and experts remained poles apart over whether to accept virtual currencies as …
Pakistan underutilises Saudi oil facility
Pakistan could utilise less than $900 million worth of Saudi oil and gas credit facility on deferred payments in this fiscal year against the sanctioned annual limit of $3.2 billion – a lifeline that …
Pakistan to Reschedule $2.41 Billion Debt Payments in 2020
Pakistan will reschedule its USD 2.41 billion worth of debt repayments in 2020 under the Debt Service Suspension Initiative, a move that the World Bank said will help the cash-strapped country mount …
Over 260 Mongolian nationals return home amid COVID-19 pandemic
More than 260 Mongolian nationals onboard a chartered flight arrived at the Chinggis Khaan International Airport from Southeast early Sunday amid the COVID-19 pandemic, the country’s State Emergency …
ADIB relieves pressure on customers by extending payment holidays on finance programs
These measures include extending the payment holidays and pricing discounts on existing and new finance and covered card products in accordance with the Central Bank of the UAE’s Targeted Economic …
ECI and DIEDC partner to boost UAE’s halal exports
(MENAFN – Khaleej Times) Dubai Etihad Credit Insurance (ECI) has partnered with Dubai Islamic Economy Development Centre (DIEDC) to boost UAE exports through sharia-compliant export credit solutions.
N.Korea vows to send anti-South leaflets amid tensions
North Korea pledged to push ahead with its campaign to send propaganda leaflets into South Korea, saying it is not bound to any inter-Korean agreements, state media said on Sunday. Tension has been ri …