All Articles

Hedge Funds & Alternative Investments

Deloitte advises United Arab Chemical Carriers on landmark merger with United Overseas Group Ltd

March 25, 2021

United Arab Chemical Carriers and United Overseas Group Ltd have finalized a landmark merger this week, an agreement that was…

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Comment & Analysis

NBB group AGM approves distribution of 20% cash dividends and 10% bonus shares

March 25, 2021

The National Bank of Bahrain Group has announced the conclusion of its Annual Ordinary and Extraordinary General Meeting held virtually,…

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Comment & Analysis

Bahrain Islamic Bank convenes its Ordinary and Extra-Ordinary General Meetings for the Year 2020 via video conferencing

March 24, 2021

Bahrain Islamic Bank (BisB) announced the conclusion of its Ordinary and Extra-Ordinary General Meetings (OGM, EGM) held on Tuesday 23rd…

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Comment & Analysis

4 top neobanks in the Middle East to keep an eye on

March 24, 2021

The digital revolution that has revamped global industries has reached the realm of banking. Recently the Middle East countries have…

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Comment & Analysis

From open banking today to open finance tomorrow

March 24, 2021

Over the course of the past several years, the eyes of the regional – and indeed, global – financial sector…

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FinTech

Dubai-based Mamo Pay looking to transform payment transfers

March 24, 2021

Dubai-based start-up Mamo Pay is looking to transform the way payment transfers are made.   Founded by three former Google…

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Comment & Analysis

Al-Roshood: Corona pandemic demonstrated the success of the flexibility of KFH's performance and strategy

March 24, 2021

KFH's comprehensive and proactive approach enabled it to manage the crisis effectively Covid-19 increases pressure on Kuwait's financial position and…

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Financial Results

Kuwait’s KIPCO profits fall even as more people watch OSN at home

March 24, 2021

Kuwait Projects Company Holding  reported a 78 percent drop in net profit last year to KD6.5 million ($21.4 million).  …

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Regulation, Risk & Compliance

Saudi Central Bank grants licenses to 2 more payment companies

March 24, 2021

The Saudi Central Bank (SAMA) announced the licensing of two payment companies as part of its efforts to achieve the…

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FinTech

Telegram Messaging App Raises $150 Million From Middle East Investors

March 24, 2021

Two Abu Dhabi-based funds have invested $150 million in messaging app Telegram, which has its global development centre in neighbouring…

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Financial Results

NBK-Bahrain reports net profits of BHD 117.51 million (KWD 94.68 million) for 2020

March 24, 2021

Fardan: Our profits for 2020 is a testament to our resilience and quick adaptability to the challenges resulting from the…

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Islamic Finance

Capital Intelligence affirms QIIB rating at ‘A’ with a stable outlook

March 24, 2021

Capital Intelligence affirmed QIIB's rating at ‘A’ with a stable outlook, which the bank said “reflects the strength of its…

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