Business News

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Saudi Arabia’s central bank has signed a deal with Ripple, the US company that runs the third most popular cryptocurrency. The deal does not cover trading of Ripple coins. Instead, the tie-up will help banks in the Kingdom use Ripple’s cross-border payments technology, called xCurrent. It’s Ripple’s second big collaboration with a Gulf organisation in […]

One of India’s largest state-run banks has revealed a $1.8 billion scam connected to a branch in Mumbai. Punjab National Bank has detected fraudulent and unauthorised transactions in a branch but said it was unclear what impact it will have on the lenders. It’s also unclear if the fraud is linked to another case PNB […]

The UAE’s northern emirates are still viewed as affordable options for property buyers and renters. That’s according to the second Dubizzle report that compares fourth quarter numbers over two years.  Sharjah’s Al Mamzar area saw the highest increase in sale price of 14 per cent per square foot, while Helio in Ajman saw a rise […]

CEO’s and Chief Executives would need to undergo a major culture shift for a four-day work week to be implemented in the UAE. That’s according to local business leaders, who gave ARN their reaction to news that an organisation in New Zealand is to carry out a trial in which employees will get an extra […]

The UAE and India have made a historic agreement that will allow trade to be carried out in UAE Dirhams and Indian Rupees directly. It will lead to large savings for businesses from both countries by enabling them to bypass the US Dollar or any other foreign currency. The deal is in addition to the […]

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