Saudi economy shows some silver linings

Riyadh: Things are starting to look up for Saudi Arabia’s non-oil economy. Bank lending to private businesses grew last quarter at the fastest pace since 2016 and a gauge of economic activity rose the most in over a year. Consumer spending also improved, albeit slightly. Early signs of a turnaround suggest that the rout which […]

CEOSPEAK: A road map for service quality

RAKBANK won Dubai Quality Appreciation Award at Business Excellence Awards 2018. How rewarding has been the journey? We are proud to have participated in Business Excellence Awards, having made extensive use of the frameworks set out by Dubai Quality Appreciation Award and Dubai Economy to build a road map for RAKBANK to maintain its progress […]

Former Abraaj CEO Arif Naqvi granted $20 million bail by London court

London: Arif Naqvi, the founder of buyout fund Abraaj Group, was granted conditional bail of 15 million pounds ($20 million) by a London judge on Wednesday, despite worries by prosecutors that he may flee to Pakistan rather than face U.S. fraud charges. Judge Emma Arbuthnot ruled that Naqvi, 58, can’t have his travel documents, must […]