Bank ABC Islamic announces 2020 year-end net profit to US$28.6 million
Bank ABC Islamic has announced its financial results for the year ending 31 December 2020. 2020 was a year…
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95% of UAE female leaders say more to be done about gender diversity at the top
Despite clear progress and strong support from the government, 95 percent of female business leaders surveyed in the UAE indicate…
81% of business leaders believe COVID has increased the need for improved security of finances
ESET has revealed that over two-thirds of business leaders (68%) expect their company’s investment in FinTech to increase in 2021/2022.…
Egypt’s Banque du Caire eyes slimmed-down IPO post-Covid
Banque du Caire was so nearly there. The Egyptian lender was on track to complete a $500 million initial…
UAE tops MENA rankings in World Bank’s ‘Women, Business and the Law’ 2021 report
The UAE has topped the Middle East and North Africa (MENA) region rankings in the World Bank’s newly released 2021…
Saudi bank profits face strain in 2021 despite economic recovery
Saudi banks could find it tough to maintain profitability in 2021 as the Saudi Central Bank lifts its support measures…
Banks to inject EGP 117bn into MSMEs until 2022 end: CBE
The Central Bank of Egypt (CBE) has directed for banks working in the local market to inject EGP 117bn into…
A post-Covid World: Is your private bank future ready?
If a year ago you had asked Régis Burger, Managing Director and Head of Middle East and Africa at Swiss…
Kuwaiti banks' non-performing loans increase to 2% amid COVID-19 crisis – central bank
Kuwait's central bank said on Wednesday that banks' non-performing loans had increased by 0.5 percentage points in 2020 amid the…
Beyond the pandemic: Investment trends in the next decade
The pandemic did not as much shift secular trends as it accelerated them, and substantially at that. Back when we…
The future of family offices as a Middle East investment powerhouse
The amount of family offices around the globe, as well as their total assets under management, are figures that remain…
Saudi Wealth Fund Bets on Startups With Hambro Perks Investment
Saudi Arabia’s sovereign wealth fund is backing a Middle East venture-capital fund run by Hambro Perks Ltd., joining the trend…