All Articles

Comment & Analysis

QIIB improves quality of funding assets; non-performing loans drop to 1.6% in 2020: Al-Shaibei

March 18, 2021

QIIB succeeded in improving the quality of its funding assets portfolio by decreasing the non-performing loans to 1.6% in 2020,…

Read More

Comment & Analysis

S&P reaffirms QIB ratings at ‘A-/A-2’ with stable outlook

March 18, 2021

Global credit rating agency Standard & Poor's has reaffirmed Qatar Islamic Bank’s  long and short-term ratings at ‘A-/A-2’ with a…

Read More

FinTech

EFG Hermes Finance Signs Partnership with Universal Group to Create Bespoke E-commerce Platform

March 18, 2021

EFG Hermes has announced that its NBFI platform has signed a partnership with Universal Group to launch a bespoke e-commerce…

Read More

Environment and Sustainable Investments

EFG Hermes delivers robust results despite a challenging operating environment, with Group revenues up 12% Y-o-Y to EGP 5.5 billion in FY20

March 18, 2021

EFG Hermes has reported its full year results for 2020, with revenues climbing 12% Y-o-Y to successfully surpass the EGP…

Read More

Comment & Analysis

Bahrain sees 140% rise in government health contracts

March 18, 2021

Bahrain’s Ministry of Health reported a 140 percent year-on-year increase in the total value of tenders awarded last year, as…

Read More

Comment & Analysis

Amazon to create 1,500 new jobs in Saudi Arabia

March 18, 2021

Amazon plans to hire 1,500 new employees in Saudi Arabia and add 11 buildings, the company said.   The expansion…

Read More

Comment & Analysis

Saudi Arabia closes March domestic sukuk program at $2.05bn

March 18, 2021

Saudi Arabia’s National Debt Management Center closed on Tuesday its local issuance for March, 2021 of the Kingdom’s sukuk, or…

Read More

FinTech

How Digital SBL Offers a Roadmap to Post-COVID Liquidity

March 17, 2021

“Leverage, not liquidate” may be the 2020 rallying cry for lenders, private bankers and wealth managers looking to provide socially…

Read More

Investment Banking

HSBC completes first-ever securities lending transaction in Saudi Arabia

March 17, 2021

HSBC has completed the first securities lending transaction in Saudi Arabia.   The bank acted as custodian and agent lender…

Read More

Islamic Finance

Dubai Islamic Bank Shareholders Approve 20% Dividend as Robust Growth Continues Despite Economic Challenges

March 17, 2021

Dubai Islamic Bank has successfully concluded its Annual General Meeting (AGM) held remotely at the bank’s headquarters in Dubai.   …

Read More

Comment & Analysis

GCC holds a positive outlook on the future of work – PwC Middle East survey

March 17, 2021

A new survey by PwC in 19 countries, including four across the GCC, reveals that the way people work and…

Read More

Financial Results

Why large UAE banks’ 2020 profit decline is manageable

March 17, 2021

The four largest bank in the UAE saw sharp drop in their net profit in 2020, but the decline is…

Read More