Saudi sovereign wealth fund boosts U.S. equities exposure to nearly $12.8bln
Saudi Arabia's sovereign wealth fund has increased its holding of U.S. stocks to nearly $12.8 billion in the fourth quarter…
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Bitcoin tops $50,000 as it wins more mainstream acceptance
Bitcoin rose above $50,000 on Tuesday for the first time, adding steam to a rally fuelled by signs that the…
Emirates Investment Bank turns to losses in 2020
Emirates Investment Bank has incurred annual net losses of AED 29.315 million in 2020, versus net profits of AED 8.851…
Chairwoman of Saudi's Allied Cooperative Insurance Group resigns
The chairwoman of the board of Allied Cooperative Insurance Group has resigned, according to a statement to the Saudi Stock…
ADX requires companies to produce annual financial report on time
The Abu Dhabi Securities Exchange has asked companies to produce their audited annual financial report on time. ADX said…
Economic, commercial activities in UAE continue positive run in first half of February
Economic and commercial activities in the UAE continued their positive run in the first half of February 2021, reflecting the…
UAE banks returned $3.94bln received from Central Bank's $13.61bln TESS
UAE national banks have returned around AED14.47 billion from the stimulus they had received since March 2020 from the Central…
SHUAA Capital reports preliminary FY 2020 net profit of AED 125 million up 166% from 2019
•Strong growth in profitability despite COVID-19, underscoring the resilience of the business model in a year of transformation •Net income…
CISI launches anti-money laundering partnership with Qatari regulator
The Chartered Institute for Securities & Investment has announced a ground-breaking project whereby it has developed an Anti-Money Laundering/Combating the…
Consortium of companies to establish Saudi digital bank
One of the companies listed in the Saudi stock market announced that it would be a founding shareholder as part…
BBK records $34.48m profit for Q4
Bahrain's BBK bank achieved a net profit attributable to the owners of BD13 million ($34.48 million) for the fourth quarter…
Bahrain's GFH Financial set to acquire more properties in UK, Europe this year
Bahrain’s Islamic investment bank GFH Financial Group is looking to acquire more properties in the United Kingdom and other countries…