πŸ‡¦πŸ‡ͺ UAE News

As wealth flows into the GCC, banks face a new digital priority: Retention

Money keeps flowing into the Gulf, and banks there are shifting their digital focus. For years the priority was winning new customers. Now, with wealth pouring into the GCC and competition stiffening, the pressure is on to keep the clients they already have. Retention, once an afterthought, is becoming the measure that decides which digital banking investments actually pay off.

gulfnews.com Β· economy en

40 ships: CentCom escorts record 18 million barrels of oil through Hormuz as US-Iran strikes flare: report

US Central Command escorted 40 ships carrying a record 18 million barrels of oil through the Strait of Hormuz, according to a published report. The convoy moved through the waterway as strikes between the United States and Iran flared up again. Roughly a fifth of the world's oil passes through the strait, so attacks on shipping there tend to rattle energy markets fast. The Navy has described these escort missions as protection for commercial tankers transiting the region.

gulfnews.com Β· economy en