Oman announces $20 bn extra liquidity amid Covid-19 outbreak
Oman’s central bank asked local banks to cut banking fees, adjust capital and credit ratios, and allow repayment postponements up to six months for SMEs
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UAE central bank’s foreign assets reach Dh405.94 billion in February 2020
The central bank's total foreign assets increased 13 percent compared to the same period last year
Nigeria-based Zenith Bank denies merger speculations with Union Bank
Merger speculations erupted in Nigeria after central bank announced recapitalisation of the banking sector
Dubai Islamic Bank agrees to increase foreign ownership limit to 40%
Currently the foreign ownership limit in the bank is 25%
QEWC shareholders approve proposed cash dividend
The firm seeks to implement all projects in line with local and international environmental standards
Dubai Islamic Bank approves increase in foreign ownership limit
The bank's shareholders have approved foreign ownership limit of shares to 40 percent from 25 percent
First Bank considers merger ahead of an industry recapitalisation
The bank is in talks with Heritage Bank and Polaris Bank
France to partially use Huawei equipment for its 5G rollout
French authorities' decide to use some of Huawei gear despite the US warning to exclude the Chinese telecom giant
Mubadala increases its ownership in Thailand’s Manora oil field to 70%
Mubadala acquired a 10% interest in the offshore block from Northern Gulf Petroleum
Wirecard to process GrabPay ewallet transactions for businesses
Micro, small and medium enterprises in the Philippines, Malaysia and Singapore will benefit from the partnership