Commercial banks' total assets jump 8.55% year-on-year to QR1.69tn in January: QCB
The year 2021 has started off on a solid footing for Doha's commercial banks as their total assets expanded faster…
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UAE Central Bank imposes Dh600,000 penalty on individual linked to exchange house
The Central Bank of the UAE imposed sanctions on a non-authorised individual related to an exchange house operating in the…
Egypt’s foreign investments in government debt instruments amounted to $29bn
The value of foreign investments in Egyptian government debt instruments in the first quarter of the current fiscal year amounted…
Saudi Arabia’s euro bond 3 times oversubscribed
The Saudi National Debt Management Center (NDMC) has announced the receipt of subscriptions from investors for its second international issuance…
Total net income of Al Baraka banking group reaches US$166 million in 2020
Al Baraka Banking Group BSC which is traded at Bahrain Bourse and Nasdaq Dubai (under the trading code "BARKA"), has…
Broadridge appoints Head of International Partnerships and Alliances
Broadridge has appointed Jerome Hoffman to the newly created role of Head of International Partnerships and Alliances, focusing on the…
Housing & Development Bank logs profits of LE 2.06B in 2020
Housing & Development Bank’s consolidated profits lessened 7.37 percent during 2020, to LE 2.06 billion, down from LE 2.22 billion…
Who’s Who: Tareq Al-Sadhan, CEO of Riyad Bank
Tareq Al-Sadhan has been president and CEO of Riyad Bank since April 2019. Before that, he served as the bank’s…
Open banking can transform payments scene in Saudi Arabia
With open banking going into effect next year in Saudi Arabia, incumbent banks may lose their tight control of customer…
Cash in circulation outside UAE banks rises by $4.4bln in 2020
The volume of cash circulating outside the UAE banks increased by AED 16.5 billion in 2020, bringing the cumulative balance…
Dar Al Takaful repays $27.2mln Emirates NBD financing ahead of schedule
Dubai’s Dar Al Takaful has repaid 100 million UAE dirhams ($27.2 million) of acquisition financing to Emirates NBD Bank, despite…
UAE wealth firm unveils female-only adviser division
Advice company Finsbury Associates has launched a division which aims to support and empower women with financial planning. Unity…