Bahrain’s GDP shrinks 6.9% due to pandemic
The coronavirus pandemic has significantly decreased the contribution of various economic sectors to the GDP of Bahrain last year, shows…
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Qatar National Bank profits drop 16% as loan loss provisions rise
Qatar National Bank, the Gulf’s biggest bank by assets, on Tuesday reported a drop in annual profit of more than…
QNB’s total assets reach QR1 trillion
For the first time in history of the region, QNB became the first banking institution to record total assets of…
GTA, QFBA sign deal for specialised training
The General Tax Authority and the Qatar Finance and Business Academy signed an agreement yesterday under which QFBA would provide…
Bahrain, US sign deal to establish commercial zone
The Bahraini Ministry of Industry, Commerce, and Tourism and the US Department of Commerce on Tuesday signed a memorandum of…
Egypt to get $1.1bln from ITFC to fund commodities imports in 2021
Egypt will get funding of $1.1 billion from the International Islamic Trade Finance Corporation to finance imports of petroleum and…
Saudi Crown Prince says kingdom offers $6trln investment opportunities over next decade: SPA
Saudi Crown Prince Mohammed bin Salman said the kingdom offers investment opportunities worth $6 trillion over the next decade, with…
First Lebanese banking merger since 2019 agreed as capital pressures rise
The Lebanese banking sector has witnessed its first merger since the financial crisis hit the country in 2019, as banks…
DIFC Academy to provide accredited training for sustainable investing
As part of Dubai’s commitment to be the region’s most sustainable financial city and to develop human capital skills needed…
Marketaxess Appoints Chief Operating Officer for EMEA & APAC
MarketAxess has announced the appointment of Raj Paranandi as Chief Operating Officer, EMEA & APAC. The appointment is effective…
EBRD supports secure and green energy in Jordan
EBRD US$ 100 million loan to Jordan’s National Electric Power Company Support to ease repercussions of Covid-19 crisis Capacity-building funded…
Investcorp Portfolio Company Calligo Acquires UK MSP Network Integrity Systems
Investcorp has announced that its portfolio company, Calligo Holdings Limited has acquired Network Integrity Services, a UK-based IT managed services…