A guide for company directors in Saudi Arabia
Directors usually have wide powers to manage the affairs of their company and act as its agent and a duty…
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NBK Capital wins The Banker's "Deal of the Year Award 2021"
NBK Capital has been awarded Deal of the Year - Middle East Award 2021 by The Banker magazine owned by…
Fitch revises Saudi National Bank's outlook on lender's resilience and improving environment
Fitch Ratings upgraded Saudi National Bank's outlook from negative to stable, citing its resilient financial metrics and an improving operating…
Doha Bank CEO honoured with ‘Global Humanitarian Award’
Doha Bank CEO Dr. R. Seetharaman has been given the “Global Humanitarian Award” at the Trilateral Global Summit 2021 for…
Alkhabeer Capital announces second additional offering of REIT Fund
Alkhabeer Capital, an asset manager specializing in Shariah-compliant investments and financial services, has announced the commencement of the subscription period…
Sohar International introduces Escrow accounts for real estate sector in Oman
Further enhancing investor confidence whilst facilitating financial services for developers, Sohar International introduces Escrow Accounts. This financial solution comes…
Emirates Development Bank signs agreement with Peer-to-Peer Platform
Emirates Development Bank Sunday announced that it has signed an agreement with Beehive, the UAE’s first Peer-to-Peer (P2P) lending platform,…
Bahrain based Fintech wins RegTech Innovation Challenge
Rsquare Technologies has won the Central Bank of Bahrain’s SuperNova 2021 ‘RegTech Innovation Challenge’ for their Account Blocking & Unblocking…
Banque du Caire reports EGP 1bn in net profit in Q1 2021
Banque du Caire has revealed in its latest financial statements that it achieved a net profit of EGP 1bn during…
Saudi-listed companies see total profits surge 44 percent in Q1 2021
Companies listed on the Saudi stock exchange (Tadawul) reported a 44 percent year-on-year increase in aggregate net profit during the…
Abu Dhabi back to bond markets despite rebound in oil
Abu Dhabi plans to sell US dollar bonds on Tuesday in its first foray in the international debt markets this…
Assets of UAE Islamic banks grow by 5% in 2020: Central Bank
Assets of fully-fledged Islamic banks grew by 5 percent during 2020, accounting for about 19 percent of UAE’s total banking…