Qatar banks headed for more mergers
Qatar's overbanked system could see more consolidation triggered by pressure on banks' profitability from the coronavirus pandemic according to Fitch…
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Crédit Agricole rolls out Egypt’s 1st environment-friendly contactless payment cards
Crédit Agricole Egypt has announced the launch of the first eco-friendly contactless payment cards in Egypt, in cooperation with the…
Saudi asset management industry resilient in 2021: KPMG
Saudi Arabia’s asset management industry looks resilient in 2021, according to global audit, tax and advisory firm KPMG, with official…
Bank Albilad 2020 net profit up 8% to $346.6m
Bank Albilad reported a net profit of SR 1.348 billion ($346.6 million) for 2020, up 8 percent, compared to SR…
One of world’s richest nations taps wealth fund as cash dries up
Kuwait’s government has transferred the last of its performing assets to the country’s sovereign wealth fund in exchange for cash…
GIB main partner of Saudi International golf tournament
Gulf International Bank is the main sponsor of the ongoing Saudi International 2021 golf tournament powered by SoftBank Investment Advisers…
Budget Saudi posts 5% net profit rise to $50.1m in 2020
United International Transportation Co. (Budget Saudi) reported a net profit after Zakat and tax of SR 187.9 million ($50.1 million)…
The importance of Middle East investors to London's office market
Nearly £4 billion ($5.3 billion) of capital from the Middle East is set to target London's office market this year…
EBRD, DEG and GEF promote private-to-private solar energy in Jordan with Yellow Door Energy
EBRD, DEG and GEF lend Yellow Door Energy a total of US$ 31.2 million senior secured loans for the development,…
Saudi, UAE, and GCC banks facing major pressures in 2021
Here below are sourced financial reports analyzing Saudi, UAE, and GCC banking’s performances in 2020 and what’s expected for 2021…
TCS takes full control of all-women BPO center in Riyadh
TCS and GE jointly established an all-women business services centre in Riyadh back in 2013 – aimed at promoting workforce…
Banque Misr keeps monthly return on saving certificates at 11%
The Assets and Liabilities Committee (ALCO) at Banque Misr decided on Thursday to keep the interest rate or return on…