Five of six rate setters at the Bank of Israel voted to keep the benchmark interest rate at 0.1% on May 25, minutes of the discussions showed on Monday. The MPC in the prior meeting on April 6 had …
Formula Systems Acquires 70% of Liram Financial Software Ltd.
The acquisition, completed by Michpal Micro Computers, a wholly owned subsidiary of Formula Systems, enables Michpal to expand its operations in the field Financial Accounting, Taxation and Compliance …
Israel’s Mizrahi-Tefahot Bank Names Moshe Lari as CEO
Tefahot Bank has chosen Moshe Lari, vice president and head of the bank’s financial division, as its new chief executive.
Israel government seeks $150 mln El Al share offering, airline says
The government is asking El Al Israel Airlines to issue shares as part of a bailout package, the carrier said on Sunday. JERUSALEM, June 7 (Reuters) – The government is asking El Al Israel Airlines …
Commercial Bank of Dubai drops credit card limit by 95%
One of the UAE’s largest banks has reduced credit card limits for some customers by 95% despite an AED100 billion stimulus package by the Central Bank of the UAE to help ease the financial burdens of …
Dubai’s Financial Hub Invests in Four FinTech Startups
Dubai International Financial Centre invested in four financial technology startups as part of the business hub’s $100 million fund to help companies seeking access to Middle East, Africa and South …
Used car sales bounce back 150% in UAE
“Consumers are looking for the most value for money when purchasing their next car and the smart choice is to buy a quality used car,” he said. Carzaty was founded in 2017 and operates in the UAE and …
As US protests spread, parents of students want their kids to return to UAE
This request gains urgency as the Black Lives Matter movement is triggering waves of protests that continue across the US.
N. Korea’s cruel dilemma
North Korea is confronting the same dilemma that more advanced countries are facing when it comes to COVID-19: whether the cure will prove more damaging than the disease. When COVID-19 broke out in …
Afghanistan: Paksitan proxy Haqqani network driving Taliban’s strategy
Pakistan has been supporting terrorist groups in the past and current revelations in the UN report on the role of Haqqani network in steering Taliban agenda should come as no surprise.