Lebanon central bank chief says depositors' money safe
Lebanon's central bank chief Riad Salameh said on Monday that depositors' money was safe in the country's banks and they…
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Saudi seeks to raise $55bln through privatisation by 2025
Saudi Arabia aims to raise around $55 billion over the next four years through its privatisation program, with the government…
Qatar National Bank removes ex finance minister from board after arrest
Qatar National Bank said on Tuesday that former Qatar Finance Minister Ali Sherif al-Emadi has been removed from the bank's…
Saudi-listed companies see total profits surge 44% 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…
EY: 70% of MENA consumers believe brands have a responsibility to positively impact the world
77% of MENA consumers are prepared to share personal data for healthier product recommendations 58% of MENA consumers say price…
Dubai Debuts Own Cryptocurrency
Cryptocurrency is a hot topic right now. Over the last twelve months, Bitcoin has risen once again, soaring beyond $10,000,…
ADIB partners with Diebold Nixdorf to deliver 24/7 access to essential banking services
Emirati financial institution Abu Dhabi Islamic Bank is expanding its partnership with Diebold Nixdorf, a global leader in driving connected…
Kamco Investment Fund recognized in 2021 Refinitiv Lipper Fund awards
Kamco Invest announced that the Kamco Investment Fund was recognized by the 2021 Refinitiv Lipper Fund awards for its consistent…
Many bondholders at Dubai's Emirates REIT oppose $400m Sukuk conversion plan
Dubai-based real estate fund operator Emirate REIT’s plans to issue a new debt offering is meeting “significant resistance” from a…
Egypt’s Commercial International Bank reports Q1 consolidated revenue of 6.27 billion Egyptian pounds
Egypt’s Commercial International Bank reported first-quarter consolidated revenue of EGP6.27 billion ($400 million), a 2 percent year-on-year decline. First-quarter…
Egypt's EFG Hermes eyes start-ups after AIB deal, says CEO
Egyptian investment bank EFG Hermes Holding is targeting minority stakes in start-ups after its acquisition of a majority stake in…
Economic activity in GCC to accelerate in 2021 as commodity demand rises
Economic activity in the Gulf Cooperation Council will pick up in 2021 as global demand for commodities increases and as…